In June 2019, the Hong Kong Insurance Authority published its Guideline on Cybersecurity (GL 20) for authorised insurers, which will take effect on 1 January 2020. GL 20 applies to all authorised insurers (except for captive insurers and marine mutual insurers) in relation to the insurance business that they carry on in or from Hong Kong and sets the minimum standards for cybersecurity that authorised insurers are expected to have in place. It also sets out the guiding principles which the Insurance Authority uses in assessing the effectiveness of insurers’ cybersecurity frameworks.
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