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Regulation tag returned 738 results

  • Jordan: Insurance federation says tax Bill will have little impact on insurers

    A draft income tax Bill, when it is passed into law, will have little impact on the insurance sector because there is hardly any profit being made by insurers, the secretary general of the Jordan Insurance Federation (JOIF) has said.

    Middle East | 15 Oct 2018
  • Several insurers yet to comply with rules governing single shareholder

    Six months after the insurance authorities imposed a 33% cap on holdings in an insurer by a single shareholder, several insurance companies still have not complied with the regulations. Most of these are state-owned insurance companies.

    China | 12 Oct 2018
  • Shin Kong-HNA Life finally gets new shareholders and additional capital

    After a wait of around two years, the ownership issue of Shin Kong-HNA Life is finally resolved, with the insurance regulator giving approval for the company to change its shareholders and increase its registered capital.

    China | 12 Oct 2018
  • Hong Kong: Regulator says plenty of room to lower protection gap

    "The next wave of economic growth will be powered by Asia," said Insurance Authority, Hong Kong CEO Clement Cheung. "Many Asian economies are still uninsured and there is plenty of room to lower the protection gap," he said in his regulatory keynote address at the FT Insurance Summit held in Hong Kong yesterday.

    Asia | 12 Oct 2018
  • Malaysia: What happens if a takaful operator winds up?

    What will happen in the event of a winding up of a takaful operator (TO)? Here's the ruling of the Shariah Advisory Council (SAC) of Bank Negara Malaysia (BNM) at its 186th Meeting with immediate effect.

    Agents | 11 Oct 2018
  • Afghanistan: Insurance sector in need of reform

    The lack of proper government policy, high insurance premiums, lack of consumer awareness and mistrust of insurance companies have left the Afghan insurance sector underdeveloped.

    Middle East | 11 Oct 2018
  • China coming down on online travel agencies

    China is planning for tighter regulations on online travel operators in the country. This came hot on the heels of a fatal boating accident in Thailand, which spurred claims of negligence.

    AIRPlus | 11 Oct 2018
  • Iran looks to ILS as a reinsurance replacement as sanctions loom large

    Iran is looking to the insurance-linked securities (ILS) market and intends to establish regulations that would allow local companies to leverage ILS as a replacement for reinsurance due to the sanctions the country faces.

    AIRPlus | 10 Oct 2018
  • Oman: Central bank says insurance market has ample space for growth

    The metrics for the insurance sector show that Oman is relatively underinsured and as such there is ample space for the growth of the sector, says the Central Bank of Oman (CBO) in its Financial Stability Report for 2018 released last month.

    Middle East | 07 Oct 2018
  • Role of supervisors and regulators must change with technological trends

    Insurance supervisors must change their approach to not only oversee the prudential and market conduct of insurance companies but also support the industry's development and efforts to implement technology, said Thailand's Office of Insurance Commission secretary-general Dr Suthiphon Thaveechaiyagarn, during his keynote address at the InsurTech Summit Thailand yesterday morning.

    Asia | 05 Oct 2018

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