Regulatory

IRDAI chief calls for reforms in bancassurance amid mis-selling concerns

November 21 2024

Regulators warn that ethical practices must take precedence in order to maintain customer trust.

Swiss Re: India needs to relax FDI rules to close country’s protection gap

November 21 2024

India’s top insurance regulator recently said there was room for more than 70 additional carriers to enter the domestic market.

Hanwha Life teams up with Stanford University for AI project

November 20 2024

Hanwha Life is exploring four AI-related issues: asset management, digital personas, healthcare, and governance.

Specialist Risk Group looks to Asia with global regulatory hire

November 19 2024

Jaya Taylor will be joining from Allianz Global Corporate & Specialty in the New Year as the firm looks to ramp up its Asia expansion plans.

philippine-insurance-commission-revises-infrastructure-investments-guidelines-for-reinsurers

Philippines revises infrastructure investments guidelines for (re)insurers

November 19 2024

New guidelines from the Insurance Commission expand on types of PDP infrastructures to be invested in, while streamlining pre-approval requirements.

new-regulations-enhancing-focus-on-long-term-profitability-for-koreas-non-life-insurers-am-best

New regulations raising long-term profitability focus for Korea's non-life Insurers: AM Best

November 15 2024

AM Best maintains stable outlook for segment, reflecting long-term insurance growth and underwriting resilience, despite market challenges.

New Zealand Parliament passes Contracts of Insurance Bill

November 15 2024

New legislation comes into effect in three years and consolidates several outdated insurance regulations into one cohesive framework.

insurer-accountability-on-asics-2025-enforcement-agenda

ASIC puts insurer accountability on 2025 enforcement agenda

November 14 2024

Australian watchdog puts "Failures by insurers to deal fairly and in good faith with customers" on key priorities list.

singapores-central-bank-chief-explains-why-capital-reduction-plan-in-income-allianz-deal-was-blocked

MAS chief explains why capital reduction plan in Income-Allianz deal was blocked

November 14 2024

Inconsistency with previous commitments was behind rejection of a proposed SG$1.85bn (US$1.38bn) capital reduction says MAS Chairman and Deputy PM Gan Kim Yong.

IRDAI ombudsman member urges insurers to simplify policy language - report

November 12 2024

Pushpa Girimaji calls for clearer policies to reduce misunderstandings and grievances.

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