The recently designated 'domestic systematically important insurer', had its stand-alone credit profile upgraded following its reduced use of leverage.
The National Financial Regulatory Administration has introduced a comprehensive, six chapter, fifty article framework, which aims to enhance consumer protection.
Despite substantial losses, AM Best has reaffirmed Cathay Century Insurance's financial rating, citing is motor business as a key contributor to its underwriting result.
Predicted CAGR rate of 11.8% will catapult APAC's liability insurance industry from US$39.4bn to US$61.7bn, with China being the largest contributor, according
AM Best expected Beneficial to experience moderate underwriting growth, thanks primarily to the expansion of its central pet insurance line of business.
At the International Union of Marine Insurance (IUMI) conference in Edinburgh, experts discussed how digitilisation of trade documents will change the insurance industry.
Bima Vistaar is an innovative insurance product which combines property, life, and health insurance into a single policy and which has on user-friendly terms and digital verifications.
The coverage uses Clearwater Dynamics technology to provide 24/7 operations room monitoring and reporting and is backed by Lloyd's and A-rated London market insurers.
Effective September 29th, 2023, the responsibility of the Life Insurance Code of Practice will transition from the Financial Services Council (FSC) to CALI.
