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Indonesia: Senior regulatory official outlines opportunities and challenges for insurance industry in 2025

The Indonesian insurance industry will face great opportunities as well as significant challenges in 2025, a senior official of the Financial Services Authority (OJK) has said.

AIR team | 18 Dec 2024

South Korea: Regulators to introduce insurance reforms

Sales commissions paid to insurance agents will be distributed monthly over a period of 3-7 years to improve the retention rate of insurance policies, beginning in the first quarter of next year.

AIR team | 18 Dec 2024

India: Limiting insurers' business through parent banks' bancassurance channel will fail to address rampant mis-selling

Any steps taken by the IRDAI to limit the business share of life insurance companies from the parent bank channel or bancassurance channel will be misdirected and stifle the growth of the sector, while not addressing the actual underlying problem...

AIR team | 18 Dec 2024

China, US financial regulators update MoU on communication & cooperation in insurance sector

China's National Financial Regulatory Administration and the US Treasury's Federal Insurance Office have signed a memorandum of understanding (MOU) related to information-sharing and other areas of mutual interest in the insurance sector. The...

AIR team | 18 Dec 2024

India: Private-sector insurers may beat government-run rivals in race to clinch composite licences

AIR team | 17 Dec 2024

Pakistan: Insurance tribunal reinforces obligation of insurer to policyholder

AIR team | 16 Dec 2024

Taiwan: Financial regulator lowers risk co-efficient for insurers' investments in public infrastructure via local venture capital firms

AIR team | 12 Dec 2024

Thailand: Regulator overhauls motor insurance rules after about 2 decades

AIR team | 10 Dec 2024

Past Articles

Global: IAIS adopts Insurance Capital Standard to promote a resilient insurance sector

09 Dec 2024

New Delhi: Finance minister says GST cut will lower insurance costs for policyholders

04 Dec 2024

Malaysia: Transport ministry to study making motor insurance compulsory for private car passengers

03 Dec 2024

More »

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