MAS Issues Robo-Adviser Guidelines

The Monetary Authority of Singapore (MAS) has issued new guidelines for firms offering digital advisory services. Digital advisers - also referred to as 'robo-advisers' - provide advice on investment products by giving clients direct access to algorithmically-driven automated tools with limited or no interaction with human advisers.

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Summary of Life Insurers' Obligations under the Singapore PDPA 2012

The Life Insurance Association of Singapore has published a Code of Practice that sets out best practices of life insurers in Singapore to comply with the Personal Data Protection Act 2012 (PDPA). This article is prepared specifically for life insurers, seeks to assist life insurers to navigate Singapore's personal data protection regulations by providing a clear summary organised according to the nine personal data protection obligations underlying the PDPA.

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Overview of PDPC Insurance-Related Enforcement Cases in Singapore

OrionW summarises the enforcement actions of Singapore's Personal Data Protection Commission (PDPC) against an entity and an individual operating in the insurance industry for breaching their data protection obligations under the Personal Data Protection Act 2012 (PDPA).

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Hong Kong Launches Insurtech Sandbox

Hong Kong's Insurance Authority (IA) established its own insurtech sandbox in September 2017. 'Insurtech' simply refers to the application of technology in the insurance industry. The IA's sandbox is available to authorised Hong Kong insurers and their technology providers.

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