The regulator alleges insurer failed to act in utmost good faith by repeatedly delaying assessment and settlement of a claim filed after storm damage in 2021.
New financial technology plan calls on industry to set up private fund firms, a move which could bring benefits to domestic markets while enhancing insurer's solvency ratios.
2024 financial results show life insurers growing in Asia thanks to rising demand for health and retirement products, even as tighter regulations and increasing competition change the playing field.
