Foreign divestments in Malaysia at advanced stage
July 2 2018 by InsuranceAsia News-
Tokio Marine, Sompo receive FSA’s report orders on customer data leak
- July 23
In their responses to the regulator's requests, the carriers have promised to continue to investigate the information leak, determine the root cause, and take thorough measures to prevent recurrence.
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Virtual asset insurance to become mandatory in Korea from tomorrow
- July 18
Local media reports suggest carriers are charging premiums ranging from 5% to 12%.
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China Taiping former deputy manager pleads guilty to accepting US$11m in bribes
- July 12
The former insurance industry top boss, who had served China Taiping Insurance Group and China Life Insurance, now awaits a verdict from the Intermediate People's Court of Xinxiang in Henan province.
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ASIC outlines US$14.4m estimated levies for Australian insurance industry
- July 10
For Australian insurers, the estimated funding levy is US$8.9m. The regulator's focus in FY2023-24 for the general insurance sector was on enforcement action against claims handling and misconduct related with home insurance.