Magazine Table of Contents
Heightened reinsurance credit risk and potential pressure on underwriting margins owing to rising reinsurance costs and more-restrictive coverages have led to AM Best to maintain a negative outlook on the Indonesia non-life insurance segment.
Bank Negara Malaysia (BNM) is working on refining several aspects of the Licensing and Regulatory Framework for Digital Insurers and Takaful Operators (DITO Framework). The central bank plans to finalise the framework by the first half of 2024, it says in a statement.
The Monetary Authority of Singapore, in conjunction with the Life Insurance Association, Association of Banks in Singapore and Association of Financial Advisers (Singapore), have launched the ‘Basic Financial Planning Guide’ to help Singaporeans take steps to enhance their financial wellbeing.
International new oil and gas capacity grew by 13% in 2022 and this capacity growth has mainly happened in China and Southeast Asia according to a new study.
Leading European insurers are underwriting nearly a third of the US coal production despite their net zero commitments according to a new report released by Insure Our Future.
Economic unrest is expected to threaten security in Asia Pacific more than anywhere in the world and on par with Sub-Saharan Africa according to the first edition of World Security Report published by the British multinational security company G4S.