South Korea’s Financial Services Commission (FSC) has conditionally approved Lotte Insurance’s management improvement plan, submitted in late April, following a regulatory management improvement requirement.
The...
India’s life insurers kicked off the financial year with strong growth, led by group business expansion that boosted both premium collections and overall coverage levels.
The space agency's review found that domestic insurers currently lack sufficient capacity to underwrite large and complex space risks, leading to heavy dependence on international reinsurance markets.
The updated guidelines also incorporate parameters such as the implementation of Indian Accounting Standards and the removal of “dark patterns” in customer interactions.
