Industry Segments: Legal/Regulatory Page 88 / 89
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- May 6 2015
After Nepal quake, Indian insurers seek mandatory building code
Authorities asked to make earthquake-resistant construction codes mandatory.
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- May 6 2015
Manulife to open 18 branches in the Philippines, eyes raising market share
10 branches to be opened this year and a further eight scheduled in 2016.
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- May 5 2015
10 South Korean life insurance firms offering poorly written contracts
Contracts assessed based on clarity, brevity and comprehensibility.
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- May 5 2015
Bangladesh insurers seek withdrawal of insurance policy tax
Gains from life insurance policies urged to be withdrawn.
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- May 5 2015
Japan mulls mandatory insurance for drone operators
Seen as part of the overall plan to regulate drone operations in the country.
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- May 1 2015
Thailand expands crop insurance program to help rice farmers
Budget for compensation of insured rice fields set at THB476m (US$14.5m).
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- April 29 2015
Bangladesh to see first insurance JV if Mitsui Insurance gets license
Japan's largest insurance company, reportedly in talks with insurance regulators in Bangladesh.
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- April 29 2015
Global experts to discuss disaster insurance coverage
APEC meeting also looks at strategies to widen the penetration of micro-insurance products.
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- April 28 2015
Asian insurers moving towards Solvency II standards
Report also states that global insurers are facing increased regulatory requirements.
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- April 28 2015
China sets charges for deposit insurance scheme
Scheme unlikely to have a major impact on banks and premiums.
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- April 27 2015
Bank Negara approves Malaysian Re’s general and family retakaful business
Plans to undertake an internal restructuring for its retakaful business.
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- April 23 2015
Bangladesh to raise foreign stake in life insurance sector to 83%
Government keen to attract more foreign insurance companies to the country.
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- April 23 2015
Compensation scheme for poor financial advice gets support in Australia
Draft legislation will provide compensation for customers found to be financially damaged by poor advice.
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- April 23 2015
Korea plans to allow insurers in combo stores
Combo stores allowed to provide all types of financial products under the FSC plan.
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- April 19 2015
Korea moves to prevent state trade insurance fraud
The move is aimed at preventing companies from securing trade insurance using false trade reports.
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- April 16 2015
PineBridge to launch retakaful firm in Dubai
Sources say the firm is currently in discussions with regulators in Dubai over licensing.
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- April 16 2015
China warns of strange stock price insurance product
The online insurance product claims to provide protection against stock price volatility.
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- April 14 2015
Islamic insurers in UAE eye mergers
Tough new regulations, combined with financial losses and stiff competition in the UAE, are pushing insurance providers to consider mergers.
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- April 14 2015
Taiwan government to takeover underperforming insurers
Insurers with a risk-based capital ratio of less than 50% may be acquired.
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- April 13 2015
Sri Lanka’s insurance board names new director
Asanga joins IBSL having served in the government sector for the last decade.
