India’s insurance regulator forms committee to review proposed reforms: reports
February 20 2025 by InsuranceAsia News
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‘Milestone’ with Fairfax-backed Valueattics Reinsurance set to become India’s first private reinsurer
- March 14
Backed by Go Digit founder Kamesh Goyal’s Oben Ventures LLP and FAL Corporation, a subsidiary of Indian-born Canadian billionaire Prem Watsa’s Fairfax Financial Holdings, company will begin operations with paid-up capital of US$23m.
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Korean regulator to relax insurers’ capital adequacy requirement to 130-140%: report
- March 13
The move will help lower financial burden for insurers, apart from raising their capital base.
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Philippines extends PFRS 17 deadline until January 2027
- March 12
Last year, the Insurance Commission mandated adoption of a new accounting standard - which aligns with the International Financial Reporting Standard 17 (IFRS 17) - by January 1, 2025.
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Search begins for new IRDAI chief: report
- March 10
Debasish Panda’s three-year term as chairperson is due to end on March 13, 2025, although applications are being accepted until April 6.
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Aon | Navigating shifts in the global and Asia insurance markets
Neelay Patel, Aon head of growth for Asia, says the market in Asia is at an ‘interesting stage of the cycle’.
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Sompo | Accelerating Sompo Group’s sustainable growth through the evolution of the P&C business
Sompo Holdings is taking significant steps to enhance its organizational structure and business strategy to achieve its ambition to become a Japan-born truly global company.
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Allianz Life | Reaching for excellence through empowering people
Fostering strong customer relationships, nurturing community well-being and championing employee development through innovative insurance solutions to shape a brighter shared future for all.
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WTW | Navigating a complex world with endless possibilities
Living with rising uncertainty from new and emerging risks can be turned into strategic opportunities for businesses.
