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Regulation tag returned 1509 results

  • India: Govt to start IPO process for life giant

    The Department of Financial Services will soon write to the legislative and disinvestment departments to initiate the process for the proposed initial public offering of the country's biggest life insurer, a finance ministry official has said.

    Asia | 20 Feb 2020
  • Japan: Social risk factors loom over life insurers' operations

    The business environment surrounding life insurers in Japan could suffer in the long term from social risk factors such as a rapid declining birth rate and ageing society, and an increase in the number of people suffering from lifestyle-related diseases, says S&P Global Ratings.

    Asia | 20 Feb 2020
  • Taiwan: FSC has questions for Nan Shan Life

    The Financial Supervisory Commission (FSC) has directed Nan Shan Life Insurance to explain punishment it meted out to senior managers based on a request from a major shareholder, saying that the decision hurt the firm's corporate governance.

    Asia | 20 Feb 2020
  • Philippines: Regulator gives insurers ultimatum on minimum capital

    The Insurance Commission (IC) has issued a stern warning to all life and non-life insurance companies that a cease-and-desist order shall be issued against them should they fail to comply with the PHP900m ($17.8m) minimum net worth and minimum capital investment requirement by the regulator's deadline.

    Asia | 19 Feb 2020
  • Singapore: Budget extends tax incentive schemes for insurance businesses

    The Singapore government has extended two tax incentive schemes for the insurance sector, to support the city state as an Asian insurance and reinsurance centre.

    Asia | 19 Feb 2020
  • Taiwan: FSC to implement tighter corporate governance rules

    The Financial Supervisory Commission (FSC) has said that new regulations regarding the management of insurance companies have been drafted and will be introduced on 1 March.

    Asia | 19 Feb 2020
  • Malaysia: Public health insurance scheme mySalam extended to M40 group

    Malaysia's public health protection scheme, mySalam, has been expanded to cover the middle 40 (M40) income group.

    Agents | 18 Feb 2020
  • Indonesia: Insurers to receive 'health' rating from OJK

    The Financial Services Authority (OJK) will revise regulations related to the financial health of insurance companies. Among other measures set out in the proposed revised regulation, insurance companies will be rated from 1 (healthy) to 5 (unhealthy).

    Asia | 17 Feb 2020
  • Nigeria: 4 insurers working on recapitalisation

    Four insurance companies are finalising arrangements to raise a combined NGN20bn ($55bn) from existing and new investors ahead of a regulatory deadline for them to raise their minimum capital.

    Africa | 17 Feb 2020
  • Too many cooks in Philippines insurance market?

    The primary insurance market in the Philippines has 86 players serving a population of 105m - suggesting that some consolidation might be in order.

    AIRPlus | 17 Feb 2020

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