The government plans to launch a cashless treatment scheme for road accident victims with a cap of INR250,000 ($3,300) per case, to ensure that victims have immediate medical care.
The Insurance Council of New Zealand (ICNZ) is calling on political parties to back volunteer and paid firefighters by funding them appropriately for their services much like the police are funded.
Lane Clark & Peacock LLP (LCP), a leading UK firm of consulting actuaries, in its new report released in June 2020 has found a big change in the risks which most concern the insurance industry.
The Monetary Authority of Singapore (MAS) has issued a set of three consultation papers on its proposed guidelines on environmental risk management for banks, insurers and asset managers, the regulator announced in a press release.
The Attorney General's Office (AGO) has named 13 asset management companies and a Financial Services Authority (OJK) official suspects in a case of alleged corruption and money laundering involving state-owned insurer Asuransi Jiwasraya.
The Financial Regulatory Authority (FRA) has reached an agreement with a consulting firm to draw up Egypt's first actuarial life table, according to its deputy chairman, Mr Reda Abdel Moaty.
Members of the Arab Union of Insurance Regulatory Commissions (AUIRC) met last week where, among other things, they discussed guidelines for accepting Arab reinsurance companies in the market.
The China Banking and Insurance Regulatory Commission (CBIRC) has announced an extension of the preferential treatment accorded to Hong Kong under the "China Risk Oriented Solvency System" for another year to 30 June 2021. This means that Mainland insurers who cede businesses to qualified Hong Kong professional reinsurers are allowed to enjoy lower capital requirements.
A number of life insurers appear not to be taking their obligations under the Life Insurance Code of Practice seriously, according to a report released by the Life Code Compliance Committee, which monitors and enforces industry compliance with the customer service standards set out in the Code.
India's insurance regulator IRDAI has set up a working group to suggest insurance products covering various risks involved in use of drones.