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...regulations stipulate that insurers’ investments in equity assets should total not more than 30% of total assets as at the end of the previous quarter. The dedicated products are subj...
...The Chinese government has announced that it would push for more financing support for the elderly care sector to help accelerate the development of a fledging industry and ensure that the needs of an ageing population are met....
...Korean insurers are calling for a one-year delay in the introduction of IFRS 17, a global accounting standard set to be introduced in 2022....
...The Australian Prudential Regulation Authority (APRA), the prudential regulator of the financial services industry, has released details of its new enforcement approach, setting out how it will approach the use of its enforcement powers to prevent and address serious prudential risks, and to hold entities and individuals to account....
...regulations, Mr Zaccar urged the respective regulators in the Arab world to update and unify insurance regulations across the region, and to adopt corporate governance and solvency risk based measure...
...Anbang Insurance Group, currently under government control, has sold Belgian insurer Fidea for EUR480m ($543m) to Swiss insurer Baloise Holding, according to a statement by the acquiring company....
...Insurers in South Korea saw their risk-based capital ratio fall in the fourth quarter of last year, as they were required to set aside more capital for operational risks, data from the Financial Supervisory Service (FSS) show....
...regulations While there are other factors such as the shortage of resources and finances, concerns and regulations surrounding air pollution and the cost-competitiveness of renewab...
...The IRDAI has asked all insurance companies - life, health and general - to periodically provide updates to their clients about the status of the claims they are processing, to ensure fair and transparent claim settlement procedures....
...regulations, similar to Solvency II, in combination with new accounting standards (IFRS 17) are weighing on earnings. Under such regimes, the economic valuation of insurers’ assets and liabilit...