... companies should have effective controls in place to ensure customers are aware of the possible risks associated with switching investment choices or placing top-up investment after policy inception that may become inconsistent with their risk profile. What type of controls would be considered as effective...

... proposed Risk-based Capital framework for Hong Kong’s insurance industry. 2 IA welcomes written comments on or before 15 December 2014 by one of the following means: Mail: Office of the Commissioner of Insurance 21/F., Queensway Government Offices 66 Queensway Hong Kong Fax: (852) 2869 0252 Email...

...  After logging into the IIC, individual account owner may click “New Application” to start the application process.  The following information which have been provided during the individual account opening, will be prefilled in the online application form. o Type of Licence for Applicant o Full Name in...

... (4) How long will it take the IA to complete the handling of my complaint? This depends on a number of factors, such as the type of complaint, the number of issues it raises, the complexity of those issues and the time it takes for requested information to be provided by all relevant...

..., it is quite natural to conclude that our regulatory framework needs to be technology-neutral as well as technology-embracing. 21. Ladies & Gentlemen, let me reiterate that the Independent Insurance Authority is firmly committed to building and sustaining a regulatory environment conducive to business...

... insurance industry and how the regulatory regime should be responding. That is why the IIA has agreed to set up a Future Task Force to examine what are the changes facing the industry and how it should be managing such changes. 21. Researches from different countries are suggesting the industry is heading...

..., it is quite natural to conclude that our regulatory framework needs to be technology-neutral as well as technology-embracing. 21. Ladies & Gentlemen, let me reiterate that the Independent Insurance Authority is firmly committed to building and sustaining a regulatory environment conducive to business...

... insurance industry and how the regulatory regime should be responding. That is why the IIA has agreed to set up a Future Task Force to examine what are the changes facing the industry and how it should be managing such changes. 21. Researches from different countries are suggesting the industry is heading...

... Guideline on Enterprise Risk Management (GL21) would require it to evaluate all risks associated with its use in the specific context. Certainly, comprehensive testing (under tight governance controls) would have to be done before its deployment. Clear disclosure would need to be made as to the...

..., it is quite natural to conclude that our regulatory framework needs to be technology-neutral as well as technology-embracing. 21. Ladies & Gentlemen, let me reiterate that the Independent Insurance Authority is firmly committed to building and sustaining a regulatory environment conducive to business...