Regulator's Page - Insurance supervision needs to align with changes in the markets
Source: Asia Insurance Review | Nov 2009
As the Internet extends its reach to all aspects of life, Stephenson Harwood, Singapore, notes that the current insurance regulations are not compatible with the supervision of online insurance business as well as with keeping up with the evolvement of insurance in its products, distribution means and services. He examines why regulators in Asia need to work together to forge a harmonisation of insurance regulations across borders which reflects the new business environment.
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