The proposed legislative amendment aims to ensure risks arising in the disaster insurance market are distributed more equitably between insurers and the state.
An interim resolution and a clean audit of first-half 2026 results have mitigated the downside, but the Vietnamese insurer’s risk management framework still needs further assessment.
The earthquake left a trail of destruction across Nagqu City, collapsing at least 339 homes, forcing more than 12,000 people to relocate and disrupting rail and road links.
The former Manappuram Finance chief executive, who previously spent 17 years at Bajaj Finserv, will take over as MD and CEO on 1 April 2027, subject to approval from India’s insurance regulator.
The revised code would write insurers’ obligations into consumer contracts for the first time, and insurers would have to accept any home or motor claim still undecided after 12 months because of their...
The Financial Supervisory Commission has instructed insurers to prepare for typhoon-related claims and support affected customers as Typhoon Champi prompts precautionary closures across the island.
Oriental Insurance has reportedly been informed as SBI investigates the suspected breach and quantifies potential losses linked to customer data exposure.
