The CEOs of local insurance companies are urged to pay extra attention to risk management and market stability while refraining from over-expansion.
The Reserve Bank of New Zealand (RBNZ) yesterday published its Enforcement Guidelines and Investigation Guidelines, completing its enhanced Enforcement Framework.
The Vietnamese government has formulated the Strategy for the Development of Vietnam's Insurance Market to 2030, with the goal of developing insurance entities with strong financial capacity, management capacity approaching international standards, efficient operations and the ability to compete actively in domestic and regional markets.
The New Zealand financial services sector will be implementing some critical pieces of new legislation this year. The changes include the introduction of the full financial advice regime, the conduct regime for banks and insurers and the Climate Related Disclosure regime.
The Legislation and Opinion Bureau has issued a fatwa stating that the entity that bears the payment of the monthly premium to the insurance fund that provides coverage againstmedical and health liability errors is the place where the health service is provided and not the employee who works for that entity.
Comparing insurers' IFRS 17 results will be difficult initially due to differences between companies' approaches under the accounting standard, Fitch Ratings says in a new report.
The new President of the Chartered Insurance Institute of Ghana (CIIG), Solomon Lartey has urged all players in the financial industry to object to the Domestic Debt Exchange Programme.
Insurance companies should seek new ways to streamline their operations and systems for the future, says Ms Busra Kodaman, actuarial consulting services senior manager at EY Turkey.
The insurance industry will need a capital infusion of INR500bn ($6.2bn) per year to double its penetration in the next five years, the IRDAI chairman, Mr Debasish Panda, has said.
The insurance regulator will continue to implement solutions to support the development of the insurance market in 2023 and beyond, according to Mr Ngo Viet Trung, director of the Insurance Management and Supervision Department of the Ministry of Finance.