The Hong Kong Commissioner of Insurance provides guidance on outsourcing by insurers

In September this year, the Office of the Commissioner of Insurance Hong Kong issued the "Guidance Note on Outsourcing" (GN14) ("Outsourcing GN") to provide guidance for authorised insurers in managing the risks associated with outsourcing, as well as setting out the supervisory approach taken by the Insurance Authority in respect of such outsourcing arrangements.

Our Newsflash relating to the Outsourcing GN may be accessed here

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