Thursday, December 14, 2017

Legal/Regulatory

Taiwan to focus on regulating insurance industry

Taiwan to focus on regulating insurance industry

Insurers are blamed for pushing the prices of products and services to “unreasonable levels”.

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China to include treatment, diagnosis of birth defects

China to include treatment, diagnosis of birth defects

The National Health and Family Planning Commission is expanding coverage in its programmes.

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Thailand to revive travel insurance for visitors

Thailand to revive travel insurance for visitors

The tourism ministry is considering the proposal following the recent bomb attack.

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Vietnam extends health coverage to weekends and holidays

Vietnam extends health coverage to weekends and holidays

Health examinations and treatment during holidays and weekends will now be covered.

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Thailand providing health insurance to 1.7m migrant workers

Thailand providing health insurance to 1.7m migrant workers

The Public Health Ministry says its health insurance programme has more than doubled since 2007.

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China trials first earthquake insurance in Yunnan

China trials first earthquake insurance in Yunnan

Six insurance companies have joined in the launching of China’s first earthquake insurance trial.

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Pakistan raises insurance capital requirements

Pakistan raises insurance capital requirements

Regulators have increased the minimum paid-up capital requirement for insurers by US$1.9million.

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Tianjin lesson: Open insurance market to foreigners, says Lloyd’s

Tianjin lesson: Open insurance market to foreigners, says Lloyd’s

Lloyd’s reinsurance head says China needs to let foreign insurers enter the market after Tianjin wake-up call.

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Insurance complaints on the rise in China

Insurance complaints on the rise in China

In the first six months of this year, complaints about insurance contracts in China grew by 4.03%.

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Tuition protection policy launched in Thailand

Tuition protection policy launched in Thailand

Thai parents can now protect their children’s schooling in the event that they lose the ability to pay.

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Aviva mulls raising stake in Indian JV

Aviva mulls raising stake in Indian JV

British insurer Aviva has announced plans to raise its stake in its business in India from 26% to 49%.

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China to punish firms leaking medical insurance data

China to punish firms leaking medical insurance data

Insurance regulator to carry out inspections on firms found to have irregularities.

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Bangladesh to appoint auditor to check spending of life insurers

Bangladesh to appoint auditor to check spending of life insurers

Majority of the country’s life insurers were in breach of their respective spending limits last year.

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Japan insurers seek 19% hike in earthquake premiums

Japan insurers seek 19% hike in earthquake premiums

The new increase could take effect by January 2017 but will be introduced in phases.

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China urges insurers to go digital

China urges insurers to go digital

Insurance regulator CIRC has issued guidelines to encourage insurers to use the internet to reach more clients.

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Myanmar halts licences for foreign insurers

Myanmar halts licences for foreign insurers

No reason disclosed for suspension of licences to operate in Myanmar’s special economic zones (SEZ).

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China expands medical insurance for critical illnesses

China expands medical insurance for critical illnesses

The critical illness insurance system will cover more urban and rural residents.

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Insurance industry warns of effects of global tax reform

Insurance industry warns of effects of global tax reform

IUA warns regulators that complexity and an undue compliance burden will discourage investment.

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