...The Pakistani government has decided to sell its stakes in three insurance companies and rejected the recommendations of their boards to retain the insurers in the public sector....
Source : eDaily | 26 Jul 2024...regulations, and ransomware....
Source : eDaily | 26 Jul 2024...regulations on insurance business and regain customer trust....
Source : eDaily | 26 Jul 2024...regulations, such as those related to participating in public construction projects, and providing technical assistance in securitisation....
Source : eDaily | 25 Jul 2024...regulations for this law are being drafted and that in the meantime, existing regulations will continue to apply....
Source : MiddleEast | 24 Jul 2024...Finance Minister Nirmala Sitharaman has proposed in the 2024 Budget unveiled yesterday that a reduction in the TDS (Tax Deducted at Source) rate to 2% from 5% on payouts from life insurance policies....
Source : eDaily | 24 Jul 2024...regulations in the region.
A few key insights include:...
Source : eDaily | 24 Jul 2024...The Financial Regulatory Authority (FRA) has decided to continue to work with existing regulations until the issuance of implementing rules and decisions backing the new Unified Insurance Law that was enacted earlier this month....
Source : MiddleEast | 23 Jul 2024...regulations have driven the sales of out-of-pocket medical insurance. At the same time, the sales of health and accident insurance products have grown steadily....
Source : eDaily | 23 Jul 2024...Regulations, 2024, the circular on 'Payment of Commission, remuneration, rewards· and distribution fees under Long Term Motor Insurance Policies' Circular No. IRDA/INT/CIR/Comm/139/08/...
Source : eDaily | 22 Jul 2024...regulations will lead the insurance industry to reduce liability costs and improve the expense ratio and interest rate spread. The cost of new business of life insurance companies continues to declin...
Source : eCin | 19 Jul 2024...regulations have been drawn up. The law requires virtual asset businesses to take measures such as purchasing insurance or accumulating reserves in accordance with the guidelines determined by the Fi...
Source : eDaily | 19 Jul 2024...regulations, the stipulation of which will be no later than two years after the P2SK Law was enacted. This law was enacted...
Source : eDaily | 19 Jul 2024...regulations need to be revised for investments by the insurance industry, Mr Liu said that the legal limit of funds that the insurance industry could utilise is 10%, with the current ceiling standing...
Source : eDaily | 19 Jul 2024...regulations issued on 30 June, commercial banks and foreign bank branches...
Source : eDaily | 18 Jul 2024...regulations....
Source : MiddleEast | 16 Jul 2024...regulations, one-time registration for intermediaries and allowing insurers to distribute other financial products, sources told Press Trust of India, the country’s...
Source : eDaily | 16 Jul 2024...The Financial Services Authority (OJK) launched the "Roadmap for the Development and Strengthening of Indonesian Pension Funds 2024-2028"....
Source : eDaily | 16 Jul 2024...regulations and legislation...
Source : eCin | 12 Jul 2024...regulations and open within six months of the date of obtaining the business licence....
Source : eCin | 12 Jul 2024...The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) yesterday published new information to help insurers and superannuation trustees prepare for the commencement of the Financial Accountability Regime (FAR)....
Source : eDaily | 12 Jul 2024...The Financial Supervisory Commission (FSC) has reservations about a proposed amendment to the insurance law, submitted by a lawmaker, to slash the overseas investment ceiling of the insurance industry from the current 45% to 25%. The draft amendment does not provide for a transitional period in which the change would be effected....
Source : eDaily | 11 Jul 2024...The Financial Supervisory Commission (FSC) will introduce an additional phase of localisation and transitional measures in the adoption process of TW-ICS (Insurance Capital Standard), to facilitate insurers' smooth integration of the TW-ICS that is to be implemented with effect from 2026....
Source : eDaily | 10 Jul 2024...Bank Negara Malaysia (BNM) yesterday issued the "Policy Document on Licensing and Regulatory Framework for Digital Insurers and Takaful Operators (DITOs)"....
Source : eDaily | 10 Jul 2024...regulations on unit-linked insurance implemented in 2023....
Source : eDaily | 09 Jul 2024...regulations on network separation and build a technological infrastructure to promote the use of big data analytics (“adaptation” policy). The financial authorities will continue to promo...
Source : eDaily | 09 Jul 2024...regulations under both frameworks are generally satisfactory. Both regulators follow a risk-based approach to regulating entities in the market....
Source : MiddleEast | 08 Jul 2024...Insurers are lobbying for more tax incentives from the government ahead of the delivery of the 2024 Budget, scheduled to be read on 23 July 2024. The insurers want to increase the appeal and affordability of insurance offerings through tax incentives....
Source : eDaily | 08 Jul 2024...Bank Negara Malaysia (BNM) has issued the Policy Document on Claims Settlement Practices (PD CSP) which sets out the minimum standards on the handling and assessment of general insurance and general takaful claims....
Source : eDaily | 05 Jul 2024...The Insurance Authority (IA) has welcomed the release of consultation conclusion and legislative proposals by the government on the introduction of a company re-domiciliation regime....
Source : eDaily | 05 Jul 2024...regulations are almost ready, said Mr Chaffai. A draft of the regulations has been submitted to the Ministry of Finance for approval. Meanwhile, Pillar 2 is the subject of an ACAPS circular. Ins...
Source : MiddleEast | 04 Jul 2024...regulations, insurance products and services can now be sold not only on insurance company websites or apps but also on related non-insurance platforms.
Speaking to Asia Insurance Review, F...
Source : AIRPlus | 02 Jul 2024...The Risk-based Capital (RBC) regime for the Hong Kong insurance industry entered into operation yesterday (1 July 2024)....
Source : eDaily | 02 Jul 2024...regulations...
Source : MiddleEast | 01 Jul 2024...With the December 2024 date for the adoption of Insurance Capital Standard (ICS) approaching, the Executive Committee of the International Association of Insurance Supervisors (IAIS) has agreed on an initial plan for ICS implementation....
Source : eDaily | 01 Jul 2024...regulations on insurance brokers and agents, as well as the actual status of corporate insurance solicitation in foreign countries, and to use this as a reference for future efforts....
Source : eDaily | 01 Jul 2024...regulations to ensure the ethical use of AI in insurance, focusing on data privacy, fairness, and transparency....
Source : Africa | 30 Jun 2024...regulations or falsified information and defrauded the government of financial subsidies, seriously thwarting the execution of national policies....
Source : eCin | 28 Jun 2024...regulations, such as Financial Accounting Standard (PSAK) 117 relating to Insurance Contracts by 1 January 2025 and the spin-off of takaful windows by the end of 2026.
The third phase,...
Source : eDaily | 28 Jun 2024...regulations. It covers fees for general practitioners and medical specialists....
Source : MiddleEast | 27 Jun 2024...The GST Council of India, chaired by Finance Minister Ms Nirmala Sitharaman, has clarified that no tax will be levied on co-insurance premiums and reinsurance commissions under the GST law....
Source : eDaily | 27 Jun 2024...The new head of Taiwan's Financial Supervisory Commission (FSC) has said that the regulator hoped to guide the insurance industry to invest more domestically....
Source : eDaily | 26 Jun 2024...regulations surrounding bancassurance have been marked by the significant evolution of regulatory frameworks over the years, evoking the emergence of new players, such as payment institutions,...
Source : MiddleEast | 25 Jun 2024...The IRDAI has asked insurance companies to form an advertisement committee, approved by the board of directors, and appoint a senior-level officer of the distribution channel to examine and approve advertisements. This is to ensure that the advertisements are true and not misleading....
Source : eDaily | 24 Jun 2024...regulations for solvency requirements, risk management, and corporate governance....
Source : eDaily | 24 Jun 2024...regulations, or the company’s A...
Source : eCin | 21 Jun 2024...regulations and boosting accessibility to the venture capital market for foreign investors, according to the Policy Measures. Support will be provided too to international professional investment ins...
Source : eCin | 21 Jun 2024...regulations will be evaluated a view to relaxing them. The views of scholars and industry experts will be solicited...
Source : eDaily | 18 Jun 2024...regulations, reported Antara News Agency....
Source : eDaily | 18 Jun 2024...regulations, life insurance companies are not permitted to offer health insurance policies, which are exclusively sold by general insurers or dedicated health insurance providers....
Source : eDaily | 17 Jun 2024