Malaysia reminds foreign insurers of 70% ownership capJuly 5 2017 by InsuranceAsia News Staff
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.
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.
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.
National Administration of Financial Regulation replaces CBIRC as new China regulator
- May 22
The newly constituted body, which began operations on May 18, will regulate the financial services industry, including insurance and banking sectors.
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