Insurance entities and banks should actively search and appoint professionals with an IT background to the board of directors or senior management, says the CBIRC.
The insurance industry in China grew by 4.05% in 2021, stated Securities Daily, a media organisation authorised by the China Securities Regulatory Commission to report public disclosures.
The Life Insurance Department of the CBIRC has issued a report on commercial health insurance in China, outlining several issues prevailing in the sector which need to be addressed.
The National Development and Reform Commission and the Commerce Ministry are urging the relevant authorities to promote the integration of the insurance markets of Hong Kong, Macau and Shenzhen, the southern Chinese city that lies right across the border from Hong Kong.
Shanghai-listed Chengdu Haoneng Technology announced on 26 January that it is terminating its proposed participation in the establishment of Western Agricultural Insurance Company.
The latest trend in China's automobile industry is that new-energy vehicle manufacturers are joining other automotive-related companies in a race for entry into the insurance market.
Bank Negara Malaysia (BNM) has commenced a holistic review of the Risk-Based Capital Framework for Insurers and Takaful Operators (RBC/T) to ensure its continued effectiveness to respond to new and emerging risks, as well as to align measurement practices across the insurance and takaful industry.
The Federation of European Risk Management Associations (FERMA) has submitted a final text on Solvency II to the French presidency of European Commission (EC).
Bank Negara Malaysia (BNM) aims to license new digital insurance and takaful players in 2023 that can leverage technologies to deliver value propositions on three fronts.
2022 will be a year of accelerated digital transformation of the insurance sector for the Moroccan Federation of Insurance and Reinsurance Companies (FMSAR).