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...Insurance companies in Singapore have strong capital positions, says the IMF in a report following its latest Financial Sector Assessment Program (FSAP) that analysed the country's financial sector....
...regulations governing the TPAs was issued by the IRDAI. These were revised in 2016. TPAs are primarily engaged in the business of servicing claims under health insurance policies by authori...
...The Insurance Regulatory and Development Authority of India (IRDAI) has clarified that only new private cars and two-wheelers will be covered by new rules governing long-term third-party motor insurance, reported local publication Financial Express. While existing vehicles can continue to renew their policies on an annual basis, it will be compulsory for new private cars to go for three-year policies and for new two-wheelers to go for five-year policies....
...regulations on microinsurance, collaboration on financial inclusion bancassurance guidelines and others, which will impact positively on the business of insurance companies,” he added. <...
...regulations for other purposes. Credit enhancements such as guarantees need to be arranged if the underlying assets of trust products are non-standard credit assets. The regulator also imposed limits...
...With China expecting to cut down on the social insurance contributions from businesses by over CNY300bn ($44.6bn) this year, authorities have been urged to ensure the proper implementation of such measures according to a report from Xinhua News Agency citing a statement from a state council meeting earlier this week....
...Dajia Insurance Group will set up a property and casualty unit to take over part of the assets of financially-stricken Anbang Insurance, the CBIRC has said....
...A review by the Australian Securities & Investments Commission (ASIC) of the sale of consumer credit insurance (CCI) by 11 major banks and other lenders has found that the design and sale of such products has consistently failed consumers....
...The Insurance Regulatory and Development Authority of India (IRDAI) has granted an insurance broking licence to Nearby Technologies, reported moneycontrol.com. The FinTech will be operating its insurance broking services under the newly-created Nearby Insurance Broking Services division and launch a new brand called InsureNearby. As part of its launch strategy, the start-up has acquired We Care Insurance Broking Services....
...regulations and now has the highest level of takaful penetration in the Middle East, excluding Saudi Arabia. In its new report, titled “Bahrain’s Insurance Market’s Shine...