...The Insurance Development and Regulatory Authority (IDRA) has appointed four of its officials as observers at four life insurance companies for their failure to protect the interests of policyholders....Source : eDaily | 08 Jun 2023
...The Financial Services Authority (OJK) has issued a regulation concerning the governance and constitution of insurance mutuals....Source : eDaily | 08 Jun 2023
...regulations, competition and antitrust laws, product regulations and intellectual property and patent laws...Source : ARM | 07 Jun 2023
...The Securities and Exchange Commission of Pakistan (SECP) has issued requirements for a grievance handling mechanism for the insurance sector to ensure effectiveness, robustness, and uniformity in resolving complaints with the objective of protecting policyholders....Source : eDaily | 07 Jun 2023
...regulations on agency spending, inspection, examination, and the handling of violations."
Lawmaker Nguyen Thi Thuy previously proposed to the Ministry of Finance to focus on scrutinisi...Source : eDaily | 07 Jun 2023
...China's state-run basic medical insurance funds, including maternity insurance, saw a total expenditure of over CNY557.74bn ($80.65bn) from January to March 2023, up by 21.7% year on year, data from the National Healthcare Security Administration show....Source : eDaily | 05 Jun 2023
...The IRDAI has issued draft guidelines for Bima Vahaks, a new initiative aimed at enhancing insurance inclusion and penetration in rural areas....Source : eDaily | 05 Jun 2023
...regulations in the mainland and Hong Kong and Macau.
A start has been made when the governments of Guangdong and Hong Kong Special Administrative Region announced in May 2023 the launc...Source : eCin | 02 Jun 2023
...regulations are in the pipeline, said Mr Zhang Zhongning, deputy director of the NFRA general office, at a news conference in Shanghai on 31 May 2023. He said that the trading system and related...Source : eCin | 02 Jun 2023
...regulations, and sound internal management, can be exempted from the first requirement relating to total equity.
The consultation draft also spells out rules relating to account management,...Source : eCin | 02 Jun 2023
...The Government will enter into a funding arrangement with councils in cyclone and flood-affected regions to support them to offer a voluntary buyout for owners of residential properties designated as Category Three properties, said Mr Grant Robertson, Cyclone Recovery Minister, yesterday....Source : eDaily | 02 Jun 2023
...The Insurance Development and Regulatory Authority (IDRA) has allowed life insurance companies to offer full-fledged health insurance policies, ending the monopoly of non-life insurers in the medical insurance market....Source : eDaily | 31 May 2023
...The IRDAI is looking to launch a bundled product that will provide life, health, casualty, and property coverage in a single insurance policy at an affordable price, the chairman of the regulatory agency, Mr Debasish Panda, said....Source : eDaily | 30 May 2023
...Source : Africa | 29 May 2023
...regulations, and guidelines....Source : MiddleEast | 29 May 2023
...regulations that encourage foreign investment and competition.
He added that insurance companies in Bangladesh are diversifying their products to cater to the specific needs of different se...Source : eDaily | 29 May 2023
...The Victorian Government has announced in its 2023-24 Budget that it plans to abolish business insurance duty as it introduces tax reforms to help businesses and grow the economy....Source : eDaily | 29 May 2023
...regulations and accompanying standards for the UAE insurance sector. The new Corporate Governance Regulation and Risk Management & Internal Controls Regulation advanced the regulatory environment...Source : MiddleEast | 28 May 2023
However, recent developments in the property sector and new insurance regulations have generated more caution about investing in real estate.
Fitch also...Source : eCin | 26 May 2023
...regulations were enacted.
The report said, “Although we do not think it is realistic to advocate for total coordination across borders, we would push for as much regulatory alignment...Source : AIRPlus | 25 May 2023
...The IRDAI is working to implement, by 1 August, two high-tech projects - Health Claims Exchange and Bima Sugam - to deepen insurance penetration and simplify claims procedures....Source : eDaily | 25 May 2023
...The Indonesian regulator's proposal to raise minimum paid-up capital requirements for insurers may initiate a capital inflow into the sector, strengthening insurers' capital profiles and supporting the industry's development, Fitch Ratings says....Source : eDaily | 25 May 2023
...The State Council, which is China's cabinet, has appointed Mr Li Yunze as the director of the newly-formed regulator, the National Financial Regulatory Administration (NFRA)....Source : eDaily | 24 May 2023
...regulations on commissions and to disguise commission payments that exceeded the limit permitted under regulations.
New IRDAI rules, which took effect on 1 April, are expected to halt such...Source : eDaily | 23 May 2023
...Insurance regulator IRDAI has relaxed norms for surety bonds with the goal of growing the surety insurance market by increasing the availability of such products....Source : eDaily | 22 May 2023
...The Financial Services Authority (OJK) will classify insurance companies based on their core capital, alongside a proposal to increase the minimum capital of insurance and reinsurance companies....Source : eDaily | 22 May 2023
...regulations, and the insurance industry. It is through a collaborative exploration of the autonomous driving market's future, prioritising safety, that we can achieve technological innovation.&qu...Source : eCin | 19 May 2023
...The insurance regulator IRDAI has set up a 12-member task force to ease the Know Your Customer (KYC) process for insurers using Aadhaar, the 12-digit identification number for individuals....Source : eDaily | 19 May 2023
...regulations, DL expects its hospitalisation benefits payments to be better controlled. Overall, in anticipation of a recovery in core insurance activities, DL expects its fundamental profit to increa...Source : eDaily | 19 May 2023
...The Australian Prudential Regulation Authority (APRA) is content at the moment to raise awareness of diversity, equity and inclusion (DEI). However, the regulator is also considering how it can strengthen this aspect as part of upcoming reviews of Prudential Standards relating to governance and risk management....Source : eDaily | 18 May 2023
...regulations in force currently.
He indicates that the adoption of the new medical costs will lead to a very large increase in medical insurance prices &mda...Source : MiddleEast | 16 May 2023
The effective date of TFRS 17 is extended to 1 January 2024. Previously, TFRS 17 was to be applied to financial statements with accounting periods that start after 31 December...Source : MiddleEast | 15 May 2023
...Insurance regulator, the IRDAI, has decided to constitute a committee of experts to advise IRDAI on matters related to mental health and insurance....Source : eDaily | 15 May 2023
...Regulations require quarterly financial reports to be filed within 25 working days of the end of each calendar quarter.
The decision to extend the deadline was made after coordination with...Source : MiddleEast | 14 May 2023
...The Vietnamese government has issued a decree to regulate microinsurance....Source : eDaily | 12 May 2023
...regulations governing takaful insurance in Morocco came into force in October 2021. Takaful licences have been granted to four companies and one retakaful operator under these regulations....Source : MiddleEast | 10 May 2023
...regulations. The proposed Instructions were drafted in collaboration with the Transport General Authority.
...Source : MiddleEast | 10 May 2023
...Asuransi Allianz Life Indonesia (AALI) is currently working on spinning off its Shariah insurance unit, namely, Allianz Syariah, with the process expected to be completed in the second half of this year....Source : eDaily | 10 May 2023
...regulations, only a nominal commission is permitted to corporate agents. To pay higher commissions to the intermediaries, the insurance companies in question obtained invoices from intermediaries for...Source : eDaily | 10 May 2023
...The Philippine new insurance commissioner is urging the insurance industry to tap new technologies to provide Filipinos with better access to insurance....Source : eDaily | 09 May 2023
...regulations and adhere to the Insurance Capital Standards (ICS) developed by the International Association of Insurance Supervisors.
Given that the funds raised by an insurance company from...Source : eDaily | 09 May 2023
...regulations on insurance advertising, the IRDAI proposes that insurers be asked to form an advertisement committee with at least three members from the marketing, actuarial and compliance functions....Source : eDaily | 09 May 2023
...regulations were placed in 2020, but some people have (still) not got the qualifications needed. We set a deadline this year for them to ensure they have these qualifications."...Source : Africa | 08 May 2023
...regulations in July 2022 for the online sales of insurance products.
Although several Moroccan insurance companies already provide their prospects with online insurance quotes, this decisio...Source : MiddleEast | 08 May 2023
Look into the bases and effects of adjusting tariff rates for the premium package for mandatory third-party liability vehicle insurance...Source : MiddleEast | 08 May 2023
...The IRDAI has decided to stop the practice of policyholders using credit card facilities to repay loans taken against insurance policies....Source : eDaily | 08 May 2023
...The goal is to ensure that the insurance industry is healthy and to boost consumer confidence in the sector.
Mr Ogi Prastomiyono, chief executive of the Supervision of Insurance and Guarantee Institutions, and Pension Funds, at the OJK, said that the current minimum capital required is too low compared to the business risks faced by insurance companies....Source : eDaily | 08 May 2023
...China's regulations governing financial holding companies (FHCs) curtail systemic risk by bridging a regulatory gap and segregating financial and non-financial risks, says Fitch Ratings in a report released earlier this week....Source : eCin | 05 May 2023
...regulations. The rules cover planting, livestock and forestry.
The second, third, and fourth parts cover the actuarial rules of agricultural insurance, including the composition of premium...Source : eCin | 05 May 2023
...regulations, including those related to adjustments to the predetermined interest rate on insurance products, and sales practices, will place higher requirements on the product sales and innovation c...Source : eCin | 05 May 2023