... complete the insurance application: You can view all the insurance documents via the shared screen, and/or receive and view all the insurance documents by email, or the registered personal account on the official digital platform, or by logging in to an account with a one-time password issued by the...

... identity of the policy holder: During the application process, the intermediary will conduct an identity check by asking you to show proof of identity. • Providing an electronic signature to complete the insurance application: You can view all the insurance documents via the shared screen, and/or receive...

... speed and agility. We recognize, however, the additional logistical and practical challenges that curating and delivering these courses in business continuity conditions (as many of us have been operating in during these past few months) can pose. In view of this, the Insurance Authority (“IA”) sees...

... draft new ERM Guideline as part of the Pillar 2 (i.e. qualitative) requirements under the Risk-based Capital (“RBC”) regime. The Insurance Authority (“IA”) is developing the RBC regime, with a view to aligning the capital requirements for insurance companies with the risks to which they are exposed and...

... increasing Open API application and the industry-wide recognition on the importance of Open API for system interface enhancement and data exchange, the IA has worked closely with market stakeholders to formulate the Framework with a view to providing guiding principles on Open API adoption, covering areas...

... smooth transition from the SRO regime to the new direct licensing regime. However, we remain of the view that a tariff-based approach would not be conducive to achieving proportionality and fairness in imposing pecuniary penalties against regulated persons under the new direct licensing regime. For the...

... smooth transition from the SRO regime to the new direct licensing regime. However, we remain of the view that a tariff-based approach would not be conducive to achieving proportionality and fairness in imposing pecuniary penalties against regulated persons under the new direct licensing regime. For the...

... broker companies and licensed insurance agencies carrying on regulated activities in relation to long term business Dear Sirs, Circular on the supervisory standards and key requirements on the use of premium financing1 to take out long term insurance policies In view of the growing popularity of the use...

..., in view of the inadequate progress made by Nigeria and Ukraine to address the deficiencies in their anti-money laundering regimes, the FATF has recommended the application of counter-measures from 15 December 2002 in respect of these two jurisdictions unless their governments enact significant...

... of over 300 in a year’s time. We are setting up a direct licensing regime of insurance intermediaries with a view to taking over the regulatory functions from the three Self-Regulatory Organisations in mid-2019. More importantly, the IA has also taken up the new role, the double responsibility in...