The National Financial Regulatory Administration (NAFR) has addressed more fully questions about allowing cross-border insurance access between mainland China and Hong Kong and Macau.
The Philippine Insurance Commission (IC) has issued guidelines on the conduct of institutional risk assessment relating to anti-money laundering and combating the financing of terrorism (AML/CFT) by insurance entities to ensure that such a review is carried out comprehensively and uniformly.
Sun Life has appointed Mr Niall Grady as CRO for Asia, effective 16 September 2024. In his new role, Mr Grady will support the acceleration of Sun Life's strategy and growth aspirations in Asia through active risk management and coordinated risk initiatives. He will also play a role in effective governance and ensuring synergies across operations in Asia.
Australia's Council of Australian Life Insurers (CALI) has opened applications for its annual ReCALIbrate programme aimed at supporting female risk advisers.
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.