Jenny W. Y. Yu

• Acted for a leading international life insurance company in relation to a self-reporting incident to the Insurance Authority and SFC in relation to certain longstanding investment-linked assurance (ILAS) products. This involved an in-depth investigation into the root cause of the issue (delving into the system setup and programming) and advising on rectification and remedial steps, among others.  We assisted our client throughout the investigation, and advised on the rectification and the remedial steps in preparing and filing the self-reporting notification which resulted in no further action being brought against our client.
• Advising a multinational insurer on queries from the IA relating to sales process.
• Advising a global insurer about Insurance Authority’s queries on late notification of controllers including queries on insurer’s control processes.
• Advising insurers and insurance brokers on compliance issues relating to sale process involving use of trusts and overseas clients.
• Advising large financial institution on acquisition of insurance broker including application process and conflict of interest issues.
• Advising and reviewing various insurance policies including professional indemnity, Directors & Officers’ liability, property and reinsurance contracts.
• Reviewing and developing various life insurance products including critical illness, annuity and VHIS flexi plans. 
• Acting for international insurer to obtain insurance authorisation in Hong Kong. 
• Advising on insurance issues in relation to tenders for insurance services which are required to be compliant with the World Trade Organization Government Procurement Agreement. 
• Advising on insurance issues in relation to large commercial development including reviewing and revising insurance related clauses in construction contract and related lease. 
• Review tied insurance agents agreements, brokerage agreements and advising on related compliance and regulatory issues including insurance intermediary licensing regime and referral activities.   
• Advising on insurtech projects involving online sale of travel insurance via app and online sale of life insurance products. 
• Advising private banks on assignment of life insurance as collateral including issues on assignability, insurable interest and statutory trusts. 
• Acting for provider of medical claims management and other services in relation to service agreements, regional framework agreements and advising on various regulatory and compliance issues. 
• Advising on coverage issues and acting as defence counsel on a number of professional indemnity claims including solicitors, auditors, engineers and interior designers in Hong Kong, Australia and New Zealand. 
• Acting as defence counsel on various management liability and employer’s liability claims including discrimination, harassment, defamation. 
• Acting as defence counsel in SFC litigation against directors of listed Chinese company in relation to failure to disclose connected transaction.  
  
   

University of Auckland, LLB, with Honours

University of Auckland, Bachelor of Commerce

• Hong Kong
• Australia, New South Wales
• New Zealand