Japanese insurer has agreed a US$1.44bn deal to acquire a stake in US asset manager, aiming to diversify its investment income and boost capital efficiency as part of broader global expansion plans.
The watchdog says unclear definitions and exclusions in travel insurance policies increase the likelihood of disputes between insurers and policyholders.
Fitch said policy surrender rates for KGI Life, Fubon Life, Nan Shan Life, Taiwan Life, and Cathay Life have remained stable, and that the insurers have taken steps to address currency risk.
The renewed Grievance Mechanism Committee (GMC) will bring together medical, hospital, insurance and takaful associations to identify and improve systemic challenges in medical claims.
