The measures are part of a broader effort to strengthen supply-chain resilience as geopolitical risks continue to pressure maritime transport and insurance markets.
From 1 November, the revised rules require insurers to set up product committees led by their principal executive, conduct regular product reviews and strengthen accountability for product failures.
Nasional Re, which accounted for 13% of reinsurance sector premiums in 2025, remains below the risk-based capital minimum with negative equity, while Indonesia’s seven other reinsurers report ratios above...
A government-backed report points to captives and other alternative risk-transfer mechanisms as insurers grapple with rising catastrophe and cyber exposures.
Ajay Seth says IRDAI has checked its industry-sourced data repeatedly and will accept a better interpretation if one comes through the consultation with evidence to support it.
The partnership adds Lloyd's Asia to GAIP's growing network as the platform seeks to address regional protection gaps through greater industry collaboration.
