The Monetary Authority of Singapore (MAS) is proposing changes to the Policy Owners' Protection Scheme to enhance its coverage, simplify its design, and improve its operational efficacy.
The Securities and Exchange Commission of Pakistan (SECP) has published in the Official Gazette the date of adoption of the International Financial Reporting Standard (IFRS) 17 - Insurance Contracts - by companies engaged in insurance/takaful and re-insurance/re-takaful business.
Australian consumers are the big winners in a significant shake-up of financial advice laws that will allow life insurers to provide simple advice directly to their customers, says the Council of Australian Life Insurers (CALI).
Looking ahead to 2024, two themes that are sure to help define the year for insurers in Hong Kong and Singapore are mergers & acquisitions and regulatory developments, according to Clearwater Analytics, a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions.
Despite potential rate decreases, growth of the insurance industry in Asia is expected to be sustained in 2024, driven by rising demand in underpenetrated insurance markets such as China, Southeast Asia, and India, says CreditSights, a research unit of Fitch Solutions.
The Ministry of Investment of Saudi Arabia (MISA), in coordination with the Ministry of Finance and the Zakat, Tax and Customs Authority (ZATCA) yesterday announced a 30-year tax incentive package for The Regional Headquarters (RHQ) Programme.
The UAE has issued a new insurance law that was published in the Official Gazette on 31 October 2023 and entered into force on 30 November 2023.
The Ministry of Investment, Trade and Industry (MITI) has introduced an initiative in the development of Malaysian Standard-Motor Vehicle Aftermarket Smash Repair Requirements (JSM MS).
The Taiwanese regulator's latest adjustments and transitional measures for interest-rate risk will ease the negative spread pressure on life insurers and help them to manage asset-liability duration gaps under the localised Insurance Capital Standards (TW-ICS) and IFRS 17, Fitch Ratings says.
The newly-formed Insurance Authority (IA) is drawing up a national insurance strategy, to serve as a a guide for the sector.