The Insurance Commission’s new guidelines require insurers to undergo regular risk assessments at least every two years, to strengthen anti-money laundering and counter-terrorism efforts.
AM Best affirms ratings while upgrading outlook, noting parent company's improved access to funding and bank support to mitigate liquidity and refinancing risks.
The transactional insurance specialist officially establishes presence in Singapore, with Swiss Re CorSo as its lead carrier, allowing the commercial insurer offer three new products in APAC.
