Sunday, April 22, 2018

Legal/Regulatory

Thailand to insure train passengers for the first time

Thailand to insure train passengers for the first time

Costs related to the scheme will be shouldered by the SRT and not incorporated into train fares.

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Dubai to implement ‘no insurance, no visa’ policy

Dubai to implement ‘no insurance, no visa’ policy

New regulation aimed at expatriates, to be enforced from 1 August 2015.

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US regulators okay Fosun’s US$433m insurance acquisition

US regulators okay Fosun’s US$433m insurance acquisition

Chinese conglomerate receives approval from regulators in Michigan and Washington.

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Global regulators push back implementation of ICS

Global regulators push back implementation of ICS

Regulators continue to assess feedback before implementing tougher capital rules.

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Standard Life shuts Singapore business

Standard Life shuts Singapore business

Firm remains committed to its Asian business with focus on Chinese and Indian partners.

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Japan raises quake insurance premiums

Japan raises quake insurance premiums

Commencing Jan 2017, premiums to be raised by an average of 19%.

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Thailand’s actuaries association seeks role in drafting insurance laws

Thailand’s actuaries association seeks role in drafting insurance laws

Group seeks to participate in drafting organic laws where it is directly affected.

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Singapore prepares to roll out compulsory health insurance scheme

Singapore prepares to roll out compulsory health insurance scheme

Ministry of Health initiative gathers pace with household check exercise.

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Swiss Re becomes first Swiss firm to obtain China’s RQFII licence

RQFII programme allows the reinsurer to gain access to the Chinese financial market.

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Bangladesh regulator suspends Standard Insurance

Bangladesh regulator suspends Standard Insurance

Suspension follows failure to reinsure BDT463.3m (US$5.98m) worth of its policies.

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Fosun to buy Israeli insurer Phoenix for US$471m

Fosun to buy Israeli insurer Phoenix for US$471m

Phoenix Holdings owner, still has the option to cancel the deal if not closed after five months.

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Vietnam’s non-life industry faces shortage of qualified actuaries

Vietnam’s non-life industry faces shortage of qualified actuaries

Only one actuary in Vietnam said meets the national standards.

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Changes sought for Japan Post Insurance Co, ahead of planned IPO

Changes sought for Japan Post Insurance Co, ahead of planned IPO

Lawmakers looking to raise the maximum amount of insurance coverage at JPI.

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UN chief urges insurance industry to ease disaster-related financial burden

UN chief urges insurance industry to ease disaster-related financial burden

Industry must play a strong leadership role in UN initiatives, says Ban Ki-moon.

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India plans higher solvency requirement for health insurance players

India plans higher solvency requirement for health insurance players

Plans to raise the solvency margin to up to 200% for group health.

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China’s business vehicle insurance programme to go nationwide by 2016

China’s business vehicle insurance programme to go nationwide by 2016

The programme seeks to encourage safe driving in the country.

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South Korea offers MERS insurance for visitors

South Korea offers MERS insurance for visitors

Free coverage aimed at relieving concerns over the MERS outbreak in Korea.

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Hong Kong official calls for establishment of insurance authority

Hong Kong official calls for establishment of insurance authority

Statutory licensing regime for insurance salesmen also called for.

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