The Insurance Authority, in cooperation with the General Directorate of Civil Defence, has announced the launch of the Third-Party Cooperative Insurance Policy for Crowded Places and High-Risk Activities. The insurance will be mandatory pursuant to a Council of Ministers resolution.
India has released the draft rules detailing the approvals and arrangements that the nuclear plant operators need to maintain. These include an insurance cover, financial security or a combination of both for nuclear damage.
Japan's continued reliance on fossil fuels poses significant risks to its economy and people's livelihoods, according to a new report jointly published by SOMPO Institute Plus and Japan Youth Council.
India is considering a series of health insurance reforms aimed at curbing rising healthcare costs, improving pricing transparency and streamlining claims, according to sources familiar with the discussions.
China's National Financial Regulatory Administration (NFRA) and the Ministry of Finance (MOF) have reached agreement on revised measures governing professional liability insurance for accounting firms, with the new rules expected to be issued soon.
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK) has redefined the procedures and principles regarding risk acceptance and management in surety insurance.
Composite insurance rates in the second quarter decreased 16% in the India, Middle East, and Africa (IMEA) region, the biggest fall across all regions analysed, according to Marsh, the global leading insurance broker.
A new study by Aon has revealed that transaction risk products, including warranty and indemnity (W&I) insurance and standalone tax liability insurance, continue to be a key consideration in Asia dealmaking.
The Korea Federation of Small and Medium Enterprises (KFSME) will offer a 5% discount on premiums for product liability (PL) insurance and mutual aid products to small and mid-sized manufacturers that have built smart factories, reported the ChosunBiz.
Automakers and intelligent driving solution providers have introduced intelligent driving protection benefits to provide risk protection to alleviate car owners' concerns as intelligent assisted driving features become more widespread in China.