The Financial Services Authority (OJK) launched the "Roadmap for the Development and Strengthening of Indonesian Pension Funds 2024-2028".
Thailand's finance minister Pichai Chunhavajira has ordered the revocation of the licence of Syn Mun Kong Insurance Public Company Limited, once a major non-life insurance provider in the country. The order took effect on 4 July 2024.
The Indian government is likely to introduce a Bill seeking amendments to the Insurance Act, 1938, during the Budget session set to begin on 23 July.
The latest draft of China's proposed law on financial stability, published on 28 June 2024, stipulates that all financial activities must be supervised.
Xiao Xing, a former deputy general manager of state-owned China Taiping Insurance Holdings (CTIH), stood trial yesterday for bribery at the Intermediate People's Court of Xinxiang in central China's Henan Province.
There is good potential for the growing institutional and private wealth investor base in Asia, including Singapore, to invest in insurance linked securities (ILS), according to Mr Lim Cheng Khai, executive director of the Financial Markets Development Department of the Monetary Authority of Singapore (MAS).
The Nigerian Insurers Association has vowed to intensify engagement to ensure the passage of the Nigerian Insurance Reform Bill 2024 currently with the Senate.
Insurance experts have listed several issues and recommendations that should be placed on the agenda of Egypt's reshuffled government's to advance the insurance industry.
The Inland Revenue Authority of Singapore (IRAS) has agreed to accept the loss triangulation method, which elicits loss development patterns based on historical data collated in the form of basic loss development triangles, to arrive at the provision for IBNR claims for tax deduction purposes.
The Financial Supervisory Commission (FSC) has reservations about a proposed amendment to the insurance law, submitted by a lawmaker, to slash the overseas investment ceiling of the insurance industry from the current 45% to 25%. The draft amendment does not provide for a transitional period in which the change would be effected.