More needs to be done to establish a dedicated insurance system for autonomous vehicles by 2026, to lower the barriers to the use of autonomous vehicles, said CEO and chairman of Xiaomi Corp Lei Jun.
The IRDAI is allowing insurers to tap the derivatives market to hedge their equity investment exposure amid a rising trend of equities investments by insurers and volatility in the prices of equities.
The Financial Services Authority (OJK) is examining the feasibility of establishing an insurance consortium for the online lending sector, according to the agency’s chief executive of financing, venture vapital, microfinance, and other financial institution supervision, Agusman.
The policy board of the Securities and Exchange Commission (SECP), which regulates the insurance and other non-bank financial sectors, has approved major amendments to the insurance regulatory framework.
The Korea Deposit Insurance Corporation (KDIC) has raised KRW181.5bn ($124.4m) through the initial public offering (IPO) of Seoul Guarantee Insurance (SGI).
The Thai Life Assurance Association (TLAA) has forecast that total insurance premiums this year will rise by 2-3%, following growth of 3.23% in 2024.