John Lee also used his annual policy address to announce plans to conduct a sector wide insurance review that would look at capital requirements for infrastructure investments.
Competition Commission of India approves bid for 24.91% and 25.18% stakes in Future Generali's insurance units as part of insolvency resolution process.
P&C insurers in three major North Asian markets of China, Japan, and Taiwan hold almost three times the amount of regulatory capital for asset risk than US carriers.
