The General Insurance Council (GIC), the representative body of non-life insuers, is lobbying the IRDAI to relax certain regulatory requirements, particularly those related to the solvency ratio, particularly because of the current COVID-19 crisis.
Motor insurance, which is a dominant business line in the Japanese general insurance market, is tipped to stagnate over the next four years due to premium rate cuts, a weak business environment and the COVID-19 pandemic, says GlobalData, a data and analytics company.
The Insurance Council of New Zealand (ICNZ) yesterday launched its revised Fair Insurance Code which encourages good conduct and professionalism in the insurance industry and describes how the relationship between insurers and their customers should work.
South Korean insurers' reverse margin is estimated to hit an all-time high of more than KRW6tn ($4.9bn) as ...
The online life insurance market posted steady expansion last year, with premiums soaring by 55.7% year on...
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