The rating agency said recent insurance regulatory changes will influence solvency positions, distribution models and reinsurance dynamics, with China, South Korea and Australia setting the pace in As...
The order follows a similar demand against New India Assurance, signaling a broader clampdown on GST treatment of co-insurance and reinsurance premiums.
The Insurance Commission has also activated dedicated assistance channels in Cebu and Manila, aiming to streamline access to insurance services for those affected.
LIC posted a sharp inflow boost after GST relief took effect, while industry growth is being driven by larger ticket sizes amid declining policy counts.
Hanoi-based non-life insurer said the capital injection will support its ability to underwrite larger and more complex projects and follows similar moves across Vietnam's insurance sector.
The new framework, effective March 2026, outlines safeguards for banks, insurers and other firms, and follows MAS’ warnings to influencers over unlicensed financial advice.
