The National Financial Regulatory Administration aims to complete central level reforms and identify risks at financial institutions, with local level reforms to follow in 2024.
Insurers are taking proactive steps to address reinsurance costs and the impact of NatCats, while post-covid conditions should positively impact claims and underwriting profitability.
The government's efforts to promote motor insurance awareness and ongoing infrastructure projects present both opportunities and challenges for insurers operating in the dynamic Thai market.
The Monetary Authority of Singapore fined Swiss Life and three banks for inadequate anti-money laundering and counter-terrorist financing controls, but found no evidence of willful misconduct.
Firemark has joined up with Jerusalem Venture Partners (JVP) and Margalit Startup City to discover and develop startups and technologies which measure and mitigate climate impacts.
Reports claim that Tokio Marine, Sompo, Mitsui Sumitomo, and Aioi Nissay Dowa conspired to offer fire insurance premiums which were significantly different from past policies.
