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Regulation tag returned 2067 results

  • Turkey: Regulator makes earthquake insurance more attractive

    The Insurance and Private Pensions Regulation and Supervision Agency (SEDDK) has increased the coverage ceiling of the Compulsory Earthquake Insurance scheme (DASK) to TRY268,000 ($36,000), 20% higher than the previous cap of TRY240,000.

    Middle East | 21 Jan 2021
  • Motor insurance premiums to be linked to traffic violations.

    India is likely to link motor insurance premiums with traffic violations as recommended by a working group of Insurance Regulatory and Development Authority of India (IRDAI).

    AIRPlus | 21 Jan 2021
  • Nepal: Govt vets candidates for Insurance Board chairman's post

    The government is seeking to appoint a new chairperson for the Beema Samiti, the country's insurance regulator.

    Asia | 21 Jan 2021
  • Bangladesh: Regulator urges insurers to comply with capital rules

    The Insurance Development and Regulatory Authority (IDRA) has directed all insurers to comply with rules that require their sponsors to raise the stakes they hold to 60% in their respective companies and the companies' minimum paid-up capital to BDT300m-400m ($3.5m-4.7m) within one month.

    Asia | 20 Jan 2021
  • Thailand: Insurers now allowed to issue insurance capital bonds

    Insurance companies are now allowed to issue subordinated insurance capital bonds (ICBs), which can be another way of insurers managing their finances. Under a new notification by the Capital Market Supervisory Board (CMSB), the proceeds from ICBs may be counted as part of total capital available (TCA), comments global law firm Baker McKenzie.

    Asia | 18 Jan 2021
  • Nigeria: Regulator outlines approaches to help grow insurance industry this year

    The National Insurance Commission (NAICOM) is proceeding with its plans for various policies and initiatives to develop the insurance sector despite challenges such as the suspension of the recapitalisation exercise, COVID-1, #EndSARs and others.

    Africa | 18 Jan 2021
  • Angola: Fitch finds insurance regulatory oversight to be weak

    Supervision of the insurance market in Angola is weak with poor compliance with regulations by local players, says Fitch Ratings in a recent report.

    Africa | 18 Jan 2021
  • Egypt: Insurance law to be amended to spell out role of health insurers

    The Egyptian government is seeking to strengthen the partnership between the government, civil society and the private sector to achieve integration between the comprehensive health insurance system, the medical insurance industry and the healthcare sector to improve health services for the public, said Dr Mohamed Maait, Minister of Finance and chairman of the General Authority for Comprehensive Health Insurance.

    Middle East | 18 Jan 2021
  • Saudi Arabia: Regulator penalises directors and senior execs of financially stricken insurer

    Some members of Weqaya Takaful and Reinsurance's board of directors, audit and executive committees were convicted and fined a total of SAR1.3m ($350,000) in a lawsuit filed by the Capital Market Authority (CMA).

    Middle East | 17 Jan 2021
  • Short-term health insurance regulations issued

    The CBIRC has issued its "Notice on Regulating Issues Concerning Short-term Health Insurance Business", covering of product design, policy renewal, sales, claims, and the suspension of sales. The goal is to regulate short-term health insurance operations and management.

    China | 15 Jan 2021

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