The IRDAI has amended the terms of coverage for people with pre-existing health conditions by reducing the maximum waiting period set out in health insurance policies to 36 months from 48 months previously. The change took effect from 1 April 2024 for new and renewed health insurance policies.
Total breaches of Code obligations have increased for a third consecutive year according to the latest report released by the Life Insurance Code Compliance Committee (Life CCC).
Insurance specific to electric vehicles (EVs) will be launched on 1 July 2024, the Financial Supervisory Commission (FSC) announced.
Ping An Pension is the only insurer out of 117 companies assessed to command all five stipulated investment management capabilities, according to a new report released by the Insurance Association of China (IAC). There are 16 insurance companies with four types of investment management capabilities.
The National Financial Regulatory Administration (NFRA) has released an exposure draft proposing measures to combat insurance fraud.
The National Administration of Financial Regulation (NAFR) has issued the 2024 edition of its negative list for life insurance products, with 94 taboo practices on the new list.
Hong Kong's Insurance Authority (IA) and the Independent Commission Against Corruption (ICAC) have conducted their first joint operation targeting corrupt conduct in the unlicensed sale of insurance policies to mainland Chinese visitors (MCVs).
China's National Financial Regulatory Administration (NFRA) completed on 8 April the formation of a four-tier supervisory framework with the establishment of county-level offices which will help broaden the regulator's supervision of financial practices at the grassroots level.
The standardisation of natural hazard definitions will be unlikely to achieve premium reductions in isolation, says the Insurance Council of Australia (ICA).
Wotton + Kearney has taken a step towards achieving its global ambitions by becoming the first major Australian insurance and risk law firm to set up a substantive base in Singapore.