The Chinese property insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 12...
India: Insurance law reform Bills to be tabled before Parliament this month
The government plans to introduce legislation during Parliament's monsoon session beginning on 20 July...
The government plans to introduce legislation during Parliament's monsoon session beginning on 20 July...
Article / 9 months ago
New Zealand: Lawmakers pass Natural Hazards Insurance Bill
The Natural Hazards Insurance Bill passed its third and final reading in Parliament yesterday, bringing into being the Natural Hazards Insurance (NHI) Act....
The Natural Hazards Insurance Bill passed its third and final reading in Parliament yesterday, bringing into being the Natural Hazards Insurance (NHI) Act....
Article / 1 year ago
India: Govt proposes to amend several aspects of insurance law including capital requirement
The Finance Ministry government is proposing to remove the minimum paid-up capital requirements for carrying out life, general and health insurance...
The Finance Ministry government is proposing to remove the minimum paid-up capital requirements for carrying out life, general and health insurance...
Article / 1 year ago
New Zealand: Change in law proposed to include natural disaster risk in land information
The Local Government Official Information and Meetings Amendment Bill has been introduced in Parliament, with proposed changes to improve...
The Local Government Official Information and Meetings Amendment Bill has been introduced in Parliament, with proposed changes to improve...
Article / 1 year ago
Philippines: Insurance sector pays cumulative US$353m in COVID-related claims since start of pandemic
The insurance industry has already released almost PHP20.82bn ($353m) in total COVID payouts to policyholders who were infected...
The insurance industry has already released almost PHP20.82bn ($353m) in total COVID payouts to policyholders who were infected...
Article / 1 year ago
Taiwan: COVID-related claim payouts total more than 14 times premium income received
Insurers in Taiwan paid out claims related to COVID-19 insurance policies totalling more than 14 times the premium income received on the policies between...
Insurers in Taiwan paid out claims related to COVID-19 insurance policies totalling more than 14 times the premium income received on the policies between...
Article / 2 years ago
Tribunal overturns anti-trust agency's decision against general insurers
The Competitions Appeal Tribunal (CAT) has allowed an appeal by the General Insurance Association Of Malaysia (PIAM) and its 22 members against the Malaysian...
The Competitions Appeal Tribunal (CAT) has allowed an appeal by the General Insurance Association Of Malaysia (PIAM) and its 22 members against the Malaysian...
Article / 2 years ago
Vietnam: Amended insurance law eases approval procedures for launch of new products
The amended Insurance Business Law, passed by the National Assembly on 16 June 2022, contains several changes that will have a long-term impact on the Vietnamese insurance market...
The amended Insurance Business Law, passed by the National Assembly on 16 June 2022, contains several changes that will have a long-term impact on the Vietnamese insurance market...
Article / 2 years ago
Thailand: Licences of 2 insurers revoked under COVID-19 claims burden
The Finance Minister has revoked the business licences of two insurers -- Southeast Insurance and Thai Insurance...
The Finance Minister has revoked the business licences of two insurers -- Southeast Insurance and Thai Insurance...
Article / 2 years ago
China: Chairman of biggest life insurer under investigation
Wang Bin, Party chief and chairman of China Life Insurance (Group) Company, the country's biggest life insurer, is facing disciplinary review and supervisory investigations by the country's...
Wang Bin, Party chief and chairman of China Life Insurance (Group) Company, the country's biggest life insurer, is facing disciplinary review and supervisory investigations by the country's...
Article / 2 years ago