Gloria Methri is a Regional Correspondent at (Re)in Asia, tracking the regulation and risk stories moving Asia Pacific insurance. Areas of specialty include Indian insurance regulation, natural catastrophe losses across China and Australia, and marine and war risk markets.
RBI’s revised framework simplifies entry for NBFCs in insurance distribution while maintaining IRDAI-led approvals and customer protection requirements.
The investment, made through corporate venture arm Firemark Ventures, will give customers 24/7 mental health and safety support during natural disasters and major incidents.
The Shandong government-backed insurer expects its operating results to improve further over the next two years on disciplined underwriting and a conservative investment strategy.
