...Bank Negara Malaysia (BNM) has issued the Policy Document on Claims Settlement Practices (PD CSP) which sets out the minimum standards on the handling and assessment of general insurance and general takaful claims....
Source : eDaily | 05 Jul 2024...The Insurance Authority (IA) has welcomed the release of consultation conclusion and legislative proposals by the government on the introduction of a company re-domiciliation regime....
Source : eDaily | 05 Jul 2024...regulations are almost ready, said Mr Chaffai. A draft of the regulations has been submitted to the Ministry of Finance for approval. Meanwhile, Pillar 2 is the subject of an ACAPS circular. Ins...
Source : MiddleEast | 04 Jul 2024...regulations, insurance products and services can now be sold not only on insurance company websites or apps but also on related non-insurance platforms.
Speaking to Asia Insurance Review, F...
Source : AIRPlus | 02 Jul 2024...The Risk-based Capital (RBC) regime for the Hong Kong insurance industry entered into operation yesterday (1 July 2024)....
Source : eDaily | 02 Jul 2024...regulations...
Source : MiddleEast | 01 Jul 2024...With the December 2024 date for the adoption of Insurance Capital Standard (ICS) approaching, the Executive Committee of the International Association of Insurance Supervisors (IAIS) has agreed on an initial plan for ICS implementation....
Source : eDaily | 01 Jul 2024...regulations on insurance brokers and agents, as well as the actual status of corporate insurance solicitation in foreign countries, and to use this as a reference for future efforts....
Source : eDaily | 01 Jul 2024...regulations to ensure the ethical use of AI in insurance, focusing on data privacy, fairness, and transparency....
Source : Africa | 30 Jun 2024...regulations or falsified information and defrauded the government of financial subsidies, seriously thwarting the execution of national policies....
Source : eCin | 28 Jun 2024...regulations, such as Financial Accounting Standard (PSAK) 117 relating to Insurance Contracts by 1 January 2025 and the spin-off of takaful windows by the end of 2026.
The third phase,...
Source : eDaily | 28 Jun 2024...regulations. It covers fees for general practitioners and medical specialists....
Source : MiddleEast | 27 Jun 2024...The GST Council of India, chaired by Finance Minister Ms Nirmala Sitharaman, has clarified that no tax will be levied on co-insurance premiums and reinsurance commissions under the GST law....
Source : eDaily | 27 Jun 2024...The new head of Taiwan's Financial Supervisory Commission (FSC) has said that the regulator hoped to guide the insurance industry to invest more domestically....
Source : eDaily | 26 Jun 2024...regulations surrounding bancassurance have been marked by the significant evolution of regulatory frameworks over the years, evoking the emergence of new players, such as payment institutions,...
Source : MiddleEast | 25 Jun 2024...The IRDAI has asked insurance companies to form an advertisement committee, approved by the board of directors, and appoint a senior-level officer of the distribution channel to examine and approve advertisements. This is to ensure that the advertisements are true and not misleading....
Source : eDaily | 24 Jun 2024...regulations for solvency requirements, risk management, and corporate governance....
Source : eDaily | 24 Jun 2024...regulations, or the company’s A...
Source : eCin | 21 Jun 2024...regulations and boosting accessibility to the venture capital market for foreign investors, according to the Policy Measures. Support will be provided too to international professional investment ins...
Source : eCin | 21 Jun 2024...regulations will be evaluated a view to relaxing them. The views of scholars and industry experts will be solicited...
Source : eDaily | 18 Jun 2024...regulations, reported Antara News Agency....
Source : eDaily | 18 Jun 2024...regulations, life insurance companies are not permitted to offer health insurance policies, which are exclusively sold by general insurers or dedicated health insurance providers....
Source : eDaily | 17 Jun 2024...regulations of the company's equity structure; the scale of personal information collected and stored by the company, the use of data collection, whether there is any situation of providing infor...
Source : eDaily | 17 Jun 2024...regulations.
Established in 1970, Income Insurance offers life, health and general insurance, according to its website....
Source : eDaily | 17 Jun 2024...regulations, etc....
Source : eDaily | 14 Jun 2024...The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have developed a blueprint for a platform that integrates regulatory and climate data to help financial authorities identify, monitor and manage climate risks in the financial system....
Source : eDaily | 14 Jun 2024...The IRDAI has issued a comprehensive master circular on general insurance business
as part of reforms in the non-life sector, ushering a new era of measures for simplified and customer-centric insurance solutions towards seamless customer experience and ease of operations for insurers in a calibrated manner....
Source : eDaily | 13 Jun 2024...regulations governing the insurance sector should be simplified and streamlined, reported the Indo-Asian News Service (IANS)...
Source : eDaily | 12 Jun 2024...regulations to the board of directors, lay down internal instructions, formulate plans for the Federation’s work, and implement them after securing the board’s approval....
Source : MiddleEast | 10 Jun 2024...regulations regarding the implementation of unit-linked products...
Source : eDaily | 10 Jun 2024...regulations implemented in 2H2023 and in early May this year to control insurance liability costs. The removal of a restriction in May, which had limited the number of insurers allowed to cooperate w...
Source : eCin | 07 Jun 2024...Arka Fincap has been granted a Certificate of Registration to act as a corporate agent (composite) by the IRDAI, allowing it to venture into insurance distribution....
Source : eDaily | 06 Jun 2024...The Securities and Exchange Commission of Pakistan (SECP) has put forward a proposal to the Federal Board of Revenue (FBR) for the upcoming 2024-25 Budget to reinstate income tax credits for individuals purchasing insurance plans....
Source : eDaily | 04 Jun 2024...China's insurance sector maintained steady operations and adequate solvency in the first quarter of the year, according to data released by the country's financial regulator....
Source : eDaily | 04 Jun 2024...regulations, the agency force has been hit by the macroeconomic situation. For example, during the COVID-19 pandemic, many left the insurance sector....
Source : eCin | 31 May 2024...The IRDAI has issued a comprehensive Master Circular on Health Insurance Products, which aims to empower policyholders, ensure that they receive the highest standards of care and service, foster trust and transparency and bolster inclusive health insurance....
Source : eDaily | 31 May 2024...The Monetary Authority of Singapore (MAS) yesterday issued an updated set of Guidelines on Fair Dealing. A key change is that the scope of the Guidelines has been expanded to apply to all financial institutions (FIs), and all products and services they offer to their customers....
Source : eDaily | 31 May 2024...The Australian Consumers Insurance Lobby (ACIL) is calling for significant reforms to the General Insurance Code of Conduct....
Source : eDaily | 30 May 2024...The Insurance Regulatory Commission of Sri Lanka (IRCSL) has introduced an Optional Compensation Scheme (OCS) through licensed general insurance companies to provide compensation to third-party victims of motor vehicle accidents or their legal heirs....
Source : eDaily | 30 May 2024...regulations for the year 2021. This means that the deadline is 10 June. A list of fees payable to doctors is currently with the Prime Minister’s Office for research and publication in the Offic...
Source : MiddleEast | 29 May 2024...The Office of the Insurance Commission (OIC) has ordered the 23 insurers that offer products covering electric vehicles (EVs) to submit their risk management plans for this nascent line of business....
Source : eDaily | 29 May 2024...regulations on the conversion of life insurance to long-term care insurance and has not clarified whether life insurance can be converted to other types of insurance products....
Source : eCin | 24 May 2024...The Financial Services Authority (OJK) is urging general insurance companies to develop risk mapping for electric vehicle (EV) insurance, even as the regulator encourages the development of the EV insurance market....
Source : eDaily | 23 May 2024...regulations and testing that are considered by insurers when assessing risk. These include Australian standards for EV charging infrastructure, Australian Design Rules focused on high-voltage electri...
Source : eDaily | 23 May 2024...regulations relating to insurance into one Act, and making revisions to cater to developments in recent years in the insurance market, the unified law provides a framework for microinsurance and taka...
Source : MiddleEast | 22 May 2024...Regulations,2024 and applicable to all insurers including those engaged exclusively in reinsurance business, unless otherwise specified.”...
Source : eDaily | 22 May 2024...The Monetary Authority of Singapore (MAS) and the People's Bank of China (PBOC) have discussed initiatives to advance cooperation in green and transition finance between China and Singapore at the 2nd China-Singapore Green Finance Taskforce (GFTF) meeting held on 20 May 2024....
Source : eDaily | 22 May 2024...regulations making TPL mandatory could be issued by 2025, reported Antara News Agency. Mr Wayan said that his committee was also collecting motor data, such as premium rates, needed by the government...
Source : eDaily | 20 May 2024...regulations. Clarify the triggering standards, decision-making procedures, execution mechanisms, disposal rights and tools, fund guarantees, loss sharing, and division of responsibilities. Establish...
Source : eCin | 17 May 2024...regulations would not have a big impact on bancassurance business if existing insurance partners could provide bank customers with a wider range of products....
Source : eCin | 17 May 2024