Composite insurance pricing in the Pacific region increased 5% in the fourth quarter of 2022, the same as in the prior quarter, according to the 4Q2022 "Global Insurance Market Index" report released last week by leading global insurance broker Marsh.
Insurance pricing in the fourth quarter in Asia increased by 2%, the same as in the prior quarter, according to the 4Q2022 "Global Insurance Market Index" report released yesterday by leading global insurance broker Marsh.
The Chartered Insurance Institute (CII) is looking to change the way it assesses the R06 financial planning practice unit in an effort to make the tasks more flexible and realistic.
The Financial Services Authority (OJK) is planning to set a minimum limit for credit insurance premiums, in the wake of a price war in this branch of business.
Dr Mohamed Farid Saleh, chairman of the Financial Regulatory Authority (FRA) has announced rules for the issuance of credit and guarantee insurance policies by property and liability insurance companies.
India's first ever 'surety bond insurance' product is now available in the market. Developed by Bajaj Allianz General Insurance, the product was launched by Indian union minister of road transport and highways in December 2022.
Tata AIA Life Insurance has announced the launch of its Emerging Opportunities Fund that will invest in mid-cap companies and emerging market leaders with the potential to generate significant future growth.
The Ministry of Finance has issued a draft decree to support the implementation of the newly-passed Law on Insurance Business, which contains new regulations related to insurance agents which are credit institutions.
'Less sophisticated' fraud - in which doctored identity documents are readily spotted - has jumped 37% in 2022 according to Onfido 2023 Identity Fraud Report released in December 2022. The report reveals that fraudsters can scale these attacks on an organisation's systems en masse, round the clock.
Rising costs for materials and goods will affect construction and engineering market, but insurance rates will continue to soften, according to a blog that is part of Clyde & Co's "Insurance 2023-the Year Ahead" series posted on the global law firm's website.