The National Financial Regulatory Administration (NFRA) has issued an exposure draft seeking feedback on proposals for financial institutions, including insurance companies and insurance asset management companies, to appoint a chief compliance officer (CCO).
Jubilee General Insurance Company has a history of strong earnings, with a five-year (2019-2023) weighted average return on equity of 17.6%, notes AM Best.
Educating the public about the importance of insurance must be approach in a more integrated way, according to Mr Uger Gulen, president of the Insurance Association of Turkiye (TSB).
The Turkish Catastrophe Insurance Pool (TCIP) has disclosed that the compulsory earthquake insurance (ZDS) rate in the country is currently 57%, with the number of insured residential properties exceeding 11.3m.
The Thai General Insurance Association (TGIA) has revealed that nine of its member companies are accepting transfers of insurance policies from the bankrupt Syn Mun Kong Insurance Public Company (SMK) so that SMK customers can have continuous insurance coverage.
Insurance Council of Australia (ICA) and Planning Institute of Australia (PIA) have together called on local, state and federal governments to reduce vulnerability to natural hazards and to make progress on much needed reforms against a backdrop of growing housing challenges.
The Financial Services Commission (FSC) has introduced a roadmap to bring about improvements to IT network security in the financial services industry, the regulator says in a statement.
Taiwan's financial services sector has reduced its exposure to mainland China in the wake of uncertainties arising from the political and economic situation across the Taiwan Strait and the on-going Sino-US trade war.
Cyber incidents are rated as the top risk in South Africa in 2024, with nearly half of businesses selected doing so, according to the Allianz Risk Barometer 2024, the 13th edition to date.
The risks to the outlook for financial stability in Oman remain low in the short term, says the Central Bank of Oman (CBO) in its 2024 Financial Stability Report (FSR).