The Financial Regulatory Authority (FRA) has directed insurance companies to enhance the disclosure and transparency of insurance policies that include investment strategies related to gold or other investment assets, to ensure clarity regarding the nature of insurance products, the benefits and risks to customers.
Coface has promoted Mr Zach Spencer to the role of Head of Risk Underwriting, APAC. He leads the company's risk underwriting teams across the region.
Australian insurers need to measure drought with the same precision they already apply to flood, fire, storm and cyclone.
AI is accelerating health and medical research; personalised medicine is now a reality and new treatments are pushing the boundaries of what medicine can achieve, but a major question remains: whether they can prove, manufacture, finance and safely deliver them at scale?
The Insurance Regulatory Commission of Sri Lanka (IRCSL) has organised an inter-university insurance quiz competition, through which it will promote insurance education and financial literacy among the youth of the country.
Australia's first comprehensive Resilience Index has revealed that insurance coverage is the key driver of overall resilience. However, over 20% of Australians still face significant vulnerability driven by financial insecurity.
China's draft revised Insurance Law adheres to the basic principle of protecting policyholders' rights and interests in dealing with at-risk insurance companies. The draft maintains the existing "policy transfer + fund relief" model and places greater emphasis on meeting protection-oriented and long-term needs.
China's draft revised Insurance Law clarifies the role of the China Insurance Security Fund (CISF), highlighting that its rescue measures offer limited coverage.
Even as demand for AI accelerates rapidly, resilience is struggling to keep pace.
Following an on-site inspection carried out by Hong Kong's Insurance Authority (IA) under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) (AMLO)1,2, FWD Life Insurance Company (Bermuda) has been ordered to pay a pecuniary penalty of HK$19.5m ($2.5m).