The Financial Services Authority (OJK) plans to use stock market tools to step up its review of investments in the capital market by the non-bank financial industry (IKNB), to prevent unhealthy investment practices.
The Federation of African National Insurance Companies (FANAF) has proposed the establishment of a guarantee fund to protect policyholders.
The Chinese insurance regulator has ended its two-year takeover of Anbang Insurance Group, now known as Dajia Insurance Group, the CBIRC announced over the weekend.
In view of the recent novel coronavirus outbreak, the Insurance Authority (IA) last week announced a set of temporary facilitative measures to reduce the risk of infection from face-to-face meetings between intermediaries and their clients.
Singapore cut its 2020 growth and exports forecasts on Monday due to the expected economic blow from the new coronavirus outbreak, flagging the chance of a recession this year.
Health officials in China have published the first details of more than 44,000 cases of Covid-19, in the biggest study since the outbreak began.
The Insurance Commission (IC) has issued a stern warning to all life and non-life insurance companies that a cease-and-desist order shall be issued against them should they fail to comply with the PHP900m ($17.8m) minimum net worth and minimum capital investment requirement by the regulator's deadline.
The Financial Supervisory Commission (FSC) has said that new regulations regarding the management of insurance companies have been drafted and will be introduced on 1 March.
The Financial Services Authority (OJK) will revise regulations related to the financial health of insurance companies. Among other measures set out in the proposed revised regulation, insurance companies will be rated from 1 (healthy) to 5 (unhealthy).
The solution to uninsured fire risk in Turkey is to start by drawing up a masterplan on how to mitigate the risk, Turkey Insurance Adjusters Association president Ahmet Nedim Erdem has said.