Brunei's insurance regulator, the Brunei Darussalam Central Bank (BDCB), has published the Business Sentiment Index (BSI) for February 2025. The index is based on surveys conducted on around 500 micro, small, medium and large businesses from 11 economic sectors in Brunei Darussalam, across all districts. Finance and insurance is one of these economic sectors.
Brunei Darussalam's insurance regulator, the Brunei Darussalam Central Bank (BDCB), has extended the period for conducting the Brunei Darussalam Financial Inclusion Demand-Side Survey 2025 to 30 April 2025.
Munich Re has appointed Ms Hanh Nguyen as head of treaty P&C underwriting for Southeast Asia (SEA) and India, effective 1 March 2025. Since 2024, she has been acting as deputy head of treaty P&C underwriting for SEA and India.
The 8th Asia Trusted Life Agents & Advisers Awards (ATLAA) concluded yesterday evening, celebrating 16 winners recognised for their outstanding contributions and performance.
Great Eastern Holdings' total weighted new sales (TWNS) rose 23% y-o-y to S$1,545.3 million (US$1,172.2 million), according to its financial results for year ended 31 December 2020.
Great Eastern Holdings has announced its financial results for the year ended 31 December 2019. Asia Advisers Network brings you the highlights, what Group CEO Khor Hock Seng said about the potential impact of the coronavirus to business and his views on what consumers look for when it comes to distribution.
Here's another week of what's new.
Seeking to transfer the life insurance business of AIA Company's Brunei branch to AIA Singapore's Brunei branch, both parties have announced their intention to make a court application for the confirmation of a 'Scheme of Arrangement'. The transfer is intended to take effect on 1 January 2020 or at a later date which will be shared by the life insurer in due course.
Insurance supervisors in Asia appear to be inclined towards adopting a risk-based capital (RBC) approach to their respective regulatory frameworks, while jurisdictions that already have an RBC regime in place are continually looking to refine and enhance them further.
Brunei will introduce the Motor Claims Guidelines (MCG) starting on 31 July to expedite the process of handling motor accident cases and settlement of insurance claims. The MCG sets out a clear procedure to the public on what should be done in a motor accident including immediate reporting.