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Regulation tag returned 1001 results

  • Australia: Insurance Council calls on new govt to look at tax reforms on insurance products

    Following the re-election of Australian Prime Minister Scott Morrison, the Insurance Council of Australia (ICA) CEO and executive director Rob Whelan has reiterated the council's commitment towards working with the Morrison government on implementing reforms from the Hayne Royal Commission. In a statement congratulating Mr Morrison and the coalition on the election victory, Mr Whelan has called upon the new government to renew the tax reform agenda, with a focus on encouraging the removal of inefficient and unfair state taxes and levies on insurance products.

    Latest News | 21 May 2019
  • Indonesia: 39 insurers yet to announce plans for spinning off takaful windows

    Only 10 insurance companies have declared that they would spin off their Islamic insurance windows as at the end of April, to comply with the insurance law, according to the Financial Services Authority (OJK).

    Middle East | 21 May 2019
  • Law enforcement is ineffective in the cyber space

    The most recent data from the FBI shows that they have arrested some 0.6% of all cyber criminals active globally and that they are struggling to keep up with the new threats and risks that are emerging every day. "We have to look at how we do things differently," said INTERPOL's assistant director of the Innovation Centre Directorate Doug Witschi.

    AIRPlus | 21 May 2019
  • India: Rules improving policy servicing communications to spawn many benefits

    The IRDAI's new guidelines requiring insurers to communicate with a policyholder throughout the life cycle of the customer's insurance policy will result in many benefits in several areas ranging from the proposal stage to receiving a claim, according to Mr Abhishek Bondia, co-founder and principal officer at the insurance brokerage SecureNow. The new regulation takes effect in July.

    Asia | 21 May 2019
  • Kuwait: Lawmakers approve new insurance law

    The National Assembly has approved a new insurance law on the first reading with lawmakers saying that the insurance sector must be supervised by the Central Bank or continue under the Commerce Ministry.

    Middle East | 20 May 2019
  • India: Regulator proposes standardising exclusions in health policies

    India's insurance regulator has issued draft guidelines proposing that health insurers adopt a uniform approach towards exclusions in health insurance products.

    Asia | 20 May 2019
  • Malaysia: All foreign insurers have submitted plans tackling local ownership issue

    All foreign insurers have submitted their proposals to address the minimum 30% Malaysian ownership requirement for their businesses by the 30 April deadline, according to Bank Negara Malaysia

    Asia | 20 May 2019
  • New Zealand: New rules to require financial advisors to meet competency standards

    A new Code of Conduct will ensure all financial advice provided to Kiwis is of good quality, Commerce and Consumer Affairs Minister Kris Faafoi has said.

    Asia | 20 May 2019
  • Nearly 84% of Indonesians covered by state-owned insurance

    Indonesia's Health Care and Social Security Agency (BPJS Kesehatan) customer service and expansion director Andayani Budi Lestari has disclosed that 83.94% of the population, or 221m people, are registered under the National Health Insurance and Indonesian Health Card (JKN-KIS) programme, reported The Jakarta Post. BPJS oversees both health coverage programmes for all employees, non-employees, self-employed and informal workers. The government has targeted for all Indonesians to have BPJS membership by this year.

    Latest News | 17 May 2019
  • Rules published for insurers to participate in credit derivatives

    The insurance regulator has issued rules which aim to allow and regulate the participation of insurance funds in credit derivatives to manage credit risk.

    China | 17 May 2019

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