The National Financial Regulatory Administration (NFRA) has issued an exposure draft to solicit feedback on its proposals to revise the risk classification of insurance assets.
The impact of the decline in China's real estate market varies for insurers; yet with diversified portfolios, the overall impact is anticipated to be manageable compared to other investment instruments, according to Professor Ricardo Reis, of the London School of Economics.
Changes in in legislation and regulation ranks as the top risk by businesses in China for the second consecutive year, according to the Allianz Risk Barometer 2024, the 13th edition to date.
Natural catastrophes jumped by five places to become the top risk named by businesses in Hong Kong, according to the Allianz Risk Barometer 2024, the 13th edition to date.
CASH Assurances, among Algeria's five biggest insurers in terms of premium volume, has increased its share capital by 33% to DZD20bn ($148m) from DZD15bn, according to a statement by the insurer.
Cyber incidents such as ransomware attacks, data breaches, and IT disruptions are the biggest worry for companies in Australia, according to the Allianz Risk Barometer 2024, the 13th edition to date. Cyber risk dislodges natural catastrophe risks as the topmost risk in the country.
Most managers of insurance companies in Algeria said in a survey that internal audits contribute to reducing the risks that insurance companies face.
Kairos Risk Solutions has signed an agreement with Thailand's CHAZ Insurance Brokers to provide consultancy for parametric and trade credit insurance.
A new Bill has undergone a second reading in the Senate, seeking to increase the minimum capital required of direct insurers by at least 650%.
The National Financial Regulatory Administration (NFRA) has issued new rules titled the "Anti-Insurance Fraud Work Measures" that took effect on 1 August.