...New capital requirements for insurers in Korea, including a lower capital adequacy benchmark, are expected to relieve the insurers' capital burden while raising their capital flexibility and quality, said Fitch Ratings in its latest report....
Source : eDaily | 02 Apr 2025...The financial authorities are moving closer to announcing a reform plan that includes disclosing the calculation details of insurance sales commissions and extending the payment of the commissions over up to seven years, compared to up to two years at present....
Source : eDaily | 01 Apr 2025...regulations and is authorised to write both P&C and Life & health business. Category 2 entities include ...
Source : eDaily | 01 Apr 2025...regulations set to come into force in some regions, and diverge in others, navigating this landscape will prove difficult.
Beazley head of Asia Pacific Jessica Schappell said, “Commun...
Source : eDaily | 31 Mar 2025...Regulations on the Management of Commercial Banks’ Third-Party Sales Business. The new rules require banks to evaluate the solvency, risk management, and disclosure practices of insurance compa...
Source : eCin | 28 Mar 2025...regulations outline strict controls over the marketing and sale of third-party products. Banks must implement a comprehensive monitoring and management system covering advertising materials, product...
Source : eCin | 28 Mar 2025...regulations.”...
Source : eDaily | 28 Mar 2025...regulations” and “customer-oriented business operations.”
Additionally, we aim to develop a sound competitive environment while establishing an...
Source : eDaily | 27 Mar 2025...Regulations related to foreign investment and foreign ownership also hamper the growth of the insurance industry in Indonesia....
Source : MiddleEast | 26 Mar 2025...regulations develop.
Civil litigation and third-party claims were included among the top seven concerns for the first time since 2018 with 65% of Asia-based directors and officers surveyed...
Source : eDaily | 24 Mar 2025...Regulations on Handling Foreign-Related Intellectual Property Disputes." The document supports enterprises in establishing mutual aid funds for foreign-related intellectual property protection a...
Source : eCin | 21 Mar 2025...regulations have played a significant role. Regulatory authorities have continued to raise requirements for registered capital, senior management qualifications, and operational standards. Policies l...
Source : eCin | 21 Mar 2025...Thailand's insurance regulator, the Office of the Insurance Commission (OIC) organised the 1/2025 Consumer Protection and Insurance Participation Committee meeting to clarify the criteria of copayment on the terms and conditions for renewing insurance contracts in the case of policy renewals, chaired by OIC secretary-general Chuchat Pramulpol....
Source : eDaily | 20 Mar 2025...The Australian Prudential Regulation Authority (APRA) has made minor changes to reporting standard SRS 101.0 Definitions for Superannuation Data Collections, reporting standard SRS 553.0 Investment Exposure Concentrations and Valuations and reporting standard SRS 606.0 RSE Profile to align to the APRA Connect taxonomy and clarify reporting requirements....
Source : eDaily | 20 Mar 2025...regulations on medical liability and has been referred to the government for review and formal drafting....
Source : MiddleEast | 18 Mar 2025...Initiatives and regulations introduced by the Insurance and Private Pension Regulation and Supervision Authority (SEDDK) has stemmed the use of fake surety insurance policies in the country, according to Insurance Association of Turkey (TSB) vice president Ahmet Yasar....
Source : MiddleEast | 18 Mar 2025...RHB Investment Bank (RHB IB) believes that Malaysia's upcoming revision of private general practitioner (GP) consultation fees will not financially affect hospitals, as their pricing is governed by separate regulations....
Source : eDaily | 18 Mar 2025...The Securities and Exchange Commission of Pakistan (SECP) has amended the General Takaful Accounting Regulations, 2019, for takaful companies to disclose their takaful results in their published financial statements....
Source : MiddleEast | 17 Mar 2025...regulations and our approach towards mitigating the impacts of climate change....
Source : eDaily | 17 Mar 2025...regulations across member countries in the region....
Source : Africa | 16 Mar 2025...regulations at a time of increasing global volatility....
Source : AIRPlus | 14 Mar 2025...regulations, the DIV was allowed to use its temporarily idle capital to buy government bonds and SBV’s bills, as well as deposit money at the SBV, to ensure capital safety.
The SBV&rs...
Source : eDaily | 14 Mar 2025...regulations, the executive director fails to comply with regulations, or a false statement is published....
Source : MiddleEast | 13 Mar 2025...South Korea's regulator, the Financial Services Commission, has announced its plans to ease capital adequacy requirements for insurers under the Korean Insurance Capital Standard (K-ICS)....
Source : eDaily | 13 Mar 2025...regulations by failing) to do all things necessary to ensure that the financial services covered by its licence are provided efficiently, honestly and fairly.
ASI...
Source : eDaily | 13 Mar 2025...regulations, and—most crucially—demonstrating the political will to ensure that healthcare remains focused on patient welfare rather than profit.
He n...
Source : eDaily | 11 Mar 2025...Premiums charged in the Compulsory Earthquake Insurance scheme are to be increased monthly, following new regulations issued by the Insurance and Private Pension Regulation and Supervision Agency (SEDDK)....
Source : MiddleEast | 10 Mar 2025...regulations are open for a three-month consultation and APRA is seeking perspectives from a wide range of stakeholders including banks, insurers and superannuation trustees and their respective direc...
Source : eDaily | 10 Mar 2025...regulations assigning responsibility in AI-related failures. According to the post, RICS is actively developing professional standards to address these concerns....
Source : AIRPlus | 05 Mar 2025...regulations over the past two years while others such as Zambia, Kenya, Senegal, and South Africa are reportedly considering changes....
Source : Africa | 05 Mar 2025...Regulations, 2017, and General Takaful Accounting Regulations, 2019.
According to a press release, the amendments aim to str...
Source : eDaily | 05 Mar 2025...regulations and the future of employment in a green economy.
This year, the partnership has been expanded to seven local leading unive...
Source : eDaily | 04 Mar 2025...regulations. However, the new regulation allows OJK to penalise companies and individuals for breaches of any financial sector regulations, ensuring more comprehensive supervision and enforcement....
Source : eDaily | 03 Mar 2025...These are the updates on insurance regulations across China this week....
Source : eCin | 28 Feb 2025...Indonesia Financial Services Authority (OJK) and Statistics Indonesia recently jointly conducted the country's national survey of financial literacy and inclusion (SNLIK) 2025 in all provinces....
Source : eDaily | 28 Feb 2025...South Korea has announced stringent provisions to curb fraud in motor insurance claims and help reduce motor insurance premiums for policyholders....
Source : eDaily | 28 Feb 2025...regulations followed a review of the “Insurance Fraud Monitoring Framework” released in January 2013 to provide regulatory supervision and guidance on the adequacy of measures taken by in...
Source : AIRPlus | 27 Feb 2025...regulations for ESG funds came into effect on October 1, 2024, as per the Securities and Exchange Board of India. These rules required at least 80% of a fund's assets under management (AUM) to be...
Source : AIRPlus | 26 Feb 2025...;regulations that deal with unfair competition. Therefore, the new law intends to prevent monopolies or market constraints, whether they are in the form of insurance companies ...
Source : MiddleEast | 25 Feb 2025...New legislations and regulations are the primary concern for most global directors and senior officers seeking specific directors and officers (D&O) liability cover according to recent research....
Source : eDaily | 24 Feb 2025...regulations to prevent home construction in high-risk areas
Updating the National Construction Code to include resilience measures, with state-level adoption in Sou...
Source : eDaily | 24 Feb 2025...regulations, and nurture innovation to ensure we continue enhancing Dubai’s reputation as the region’s number one global financial centre.”...
Source : MiddleEast | 23 Feb 2025...The Australian Prudential Regulation Authority (APRA) has rescinded the 2018 Information Paper 'Outsourcing Involving Cloud Computing Services' in light of 'Prudential Standard CPS 230 Operational Risk Management' (CPS 230), which will come into effect on 1 July 2025....
Source : eDaily | 20 Feb 2025...regulations shall attract a fine, the amount of which will be between 25 and 30% of the insurance premium concerned....
Source : Africa | 18 Feb 2025...Challenges have arisen regarding regulations related to labour, insurance, and taxes for foreign workers who are transferred from international offices within the same group to work in Vietnam....
Source : eDaily | 18 Feb 2025...The National Insurance Commission (NAICOM) Nigerian Police Force (NPF) begun nationwide enforcement of the Motor Third Party Liability (MTPL) Insurance regulations on 1 February 2025....
Source : Africa | 17 Feb 2025...According to local media, as of February 5, ten Chinese property insurance companies, including Asia-Pacific P&C Insurance, Qianhai Property Insurance, Hua'an Insurance, Bohai Property Insurance, Anhua Agricultural Insurance, and Dubon Insurance, have suspended new online insurance business....
Source : eCin | 14 Feb 2025...regulations and frameworks, and the governance of data and AI models to limit negative implications.
UAE
For instance,...
Source : MiddleEast | 13 Feb 2025...regulations and requirements including but not limited to the establishment of national reinsurer(s).
Intend to collaborate by providing mutual assistance and excha...
Source : eDaily | 13 Feb 2025...regulations will apply to all entities engaged in insurance, reinsurance, takaful insurance, specialised medical insurance, microinsurance, and any other specialised insurance activities as defined b...
Source : MiddleEast | 12 Feb 2025