China’s regulators issue draft rules on ‘systemically’ important insurance groups
July 12 2022 by Karen Lai
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China proposes new reinsurance board in Shanghai
- June 2
An international reinsurance market will be set up in Shanghai free trade zone to promote the city as an international reinsurance hub.
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Catholic Church Insurance in Australia enters run-off
- May 30
CCI has been operating since 1911 and says it "has sufficient assets to meet its commitments as they currently stand" as reports suggest historical abuse claims are the reason for closure.
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IRDAI proposes perpetual licence for brokers: report
- May 29
The regulator plans to remove the three-year renewal requirement for intermediary licences as part of recommended amendments to Insurance Act.
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Indonesia carriers need to raise capital to meet new norms
- May 24
OJK is proposing raising the minimum paid-up capital for non-life insurers to US$67m by 2028, from US$10m currently.
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