The Reserve Bank of India (RBI) has proposed that a risk-based premium system should replace the current flat rate system for the deposit insurance scheme for Indian banks.
Businesses worldwide are rapidly embedding Generative AI (Gen AI) into products, services and internal operations.
Fewer than one third of financial services customers are confident that they know how to make a complaint about their financial service provider according to a new report by New Zealand's Financial Markets Authority - Te Mana Tatai Hokohoko (FMA).
Asian countries, that are considering carbon capture and storage (CCS) plan to address fossil fuel emissions could create a "considerable and unnecessary risk" not only to the Paris Agreement, but also to their own economies according to a new report by global science and policy institute Climate Analytics.
The Kenyan financial authorities will establish a periodic study review mechanism to assess and potentially increase the compensation ceiling of the Policyholders Compensation Fund (PCF), according to a draft of the Kenya National Financial Inclusion Strategy (2025-2028), released by the Central Bank of Kenya.
Morocco is strengthening its protection against natural disasters by increasing the parafiscal solidarity tax levied on insurance contracts.
Leading global investment firm KKR has acquired Japanese insurance distributor Hoken Minaoshi Hompo Group. This is expected to accelerate the insurance distributor's growth strategy and unlock new value, including through organic and inorganic growth strategies such as sales enablement and bolt-on acquisitions.
AIA has appointed Mr Ben Ng as group CRO designate and executive committee member, effective 1 October. He will assume the role of group CRO from 1 January 2026, subject to regulatory approvals.
The bedroom is the most targeted room in home thefts, according to a survey by the price comparison platform, Compare the Market
In Japan, across 11 cities, in the quarter century (1974 - 1998) the days of thunder and lightning were confirmed on an average 180 days annually. However, in the quarter century (1999 - 2023) the lightning incidences increased by 16.3% to 209 days per year according to the Nihon Keizai Shimbun's analysis of the Japanese Meteorological Agency's 50 years of data released by Yonhap News agency.