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Regulation tag returned 1117 results

  • Hong Kong: Regulator delegates powers ahead of new statutory regime

    Seeking to improve efficiency and to minimise possible regulatory overlap, the Insurance Authority (IA) has decided to delegate its inspection and investigation powers pertaining insurance-related businesses of authorised institutions (AIs) to the Monetary Authority (MA). This will take effect on 23 September 2019 when the new statutory regime for insurance intermediaries comes into operation.

    Asia | 22 Jul 2019
  • Zimbabwe: New regulatory chief urges insurance sector to move on

    Zimbabwe's newly appointed Insurance and Pensions Commission (IPEC) commissioner Grace Muradzikwa has said that the country's insurance industry has shown resilience despite economic turbulence.

    Africa | 22 Jul 2019
  • Nigeria: Insurers seek more time to meet additional capital requirements

    Some insurance companies have asked the insurance regulator to give them an additional three to five years to comply with higher minimum capital requirements.

    Africa | 22 Jul 2019
  • Philippines: Regulator revives wound down insurer

    The Philippines' Insurance Commission (IC) has lifted its conservatorship order against Metropolitan Insurance after the insurer secured investments by Hong Kong-based FinTech, Streetcorner E-Commerce. This has enabled the insurer to comply with the current PHP550m ($10.8m) capital requirement for insurance companies and undergo rehabilitation, reported The Philippine Star citing an advisory posted on the IC website.

    Asia | 19 Jul 2019
  • Prospective investors drop plans for new insurance licences

    With the return on equity (ROE) in insurance companies in China falling, industry observers suggest that buying wealth management products would be a better investment than acquiring a stake in insurers.

    China | 19 Jul 2019
  • At least 17 insurers see changes in shareholders since start of the year

    Thirty two shareholders of insurance companies have announced plans to divest themselves of their stakes in insurance companies in the year to date. In addition, four investors plan to decrease their stakes in insurers.

    China | 19 Jul 2019
  • Australia: Regulator plans to ban unsolicited insurance telemarketing

    The Australian Securities & Investments Commission (ASIC) proposes to ban unsolicited telephone sales of direct life insurance and consumer credit insurance (CCI).

    Asia | 19 Jul 2019
  • Egypt: Regulator issues new guidelines for takaful insurers switching to conventional business

    The Financial Regulatory Authority has said that takaful companies looking to make a switch to offering conventional insurance plans will have to comply with new guidelines.

    Middle East | 18 Jul 2019
  • Japan: ESG-compliant businesses to receive better insurance coverage in era of climate change

    As the importance of environmental, social and governance (ESG) investment principles continues to grow, the Japanese government has started offering better trade insurance terms for ESG-compliant companies which provide information sought by investors adopting such ESG principles for overseas projects.

    Asia | 17 Jul 2019
  • Singapore-headquartered marine underwriter receives approval to operate in India

    EF Marine is now an approved insurance provider for ships entering Indian territorial waters in accordance to the country's merchant shipping rules stipulated by the Directorate General of Shipping. The marine underwriter provides fixed premium protection and indemnity (P&I) solutions to ship-owners, charterers and multimodal operators with Swiss Re Corporate Solutions being its exclusive insurance carrier for all products.

    Asia | 17 Jul 2019

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