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Regulation tag returned 653 results

  • 2021 countdown underway: Insurers prepare for IFRS 17 implementation'

    This report is the third in a series written by the Economist Intelligence Unit on behalf of Deloitte. It tracks the global insurance industry's progression towards the adoption of IFRS 17. Findings of this latest research are based on the responses of 340 insurance executives from global insurers, located across the UK, US, Canada, Italy, Germany, France, Japan, Switzerland, Spain, China, South Korea, and the Netherlands.

    AIRPlus | 19 Jul 2018
  • Tunisia: Amended insurance law likely to be ready this year

    Tunisia's General Insurance Committee (CGA) is working on a new Insurance Code to be adopted, likely this year. The objective of the overhaul of the legislative framework governing the insurance sector is to adapt it to international standards and enhance the strength of the insurance market.

    Middle East | 19 Jul 2018
  • India: Working group formed to review proposals for life product rules

    The IRDAI has formed a working group to look into recommendations for a new set of life product regulations. This nine-member group has representatives from both the IRDAI as well as the life insurance industry.

    Asia | 19 Jul 2018
  • New Zealand: Replacement business at big insurers focuses on sale rather than client

    The Financial Markets Authority (FMA) is considering regulatory action against three large financial institutions or qualifying financial entities (QFEs) following a review of insurance replacement business practices.

    Asia | 19 Jul 2018
  • South Korea: Insurers press for phased implementation of new standards

    The insurance industry has renewed a call for South Korea's financial regulator to introduce the International Financial Reporting Standard (IFRS 17) and the Korean Insurance Capital Standard (K-ICS) to the domestic insurance industry in different phases.

    Asia | 19 Jul 2018
  • The Insurance Market of China

    With increasing attention being paid to the Chinese market, we bring you a special report from Mr Eddie Xu, our correspondent in Beijing on the current state of changes in the insurance market of China.

    AIRPlus | 17 Jul 2018
  • Regulator tightens rules for appointing insurers' independent directors

    The CBIRC has amended a regulation, "Measures for the management of independent directors of insurance institutions", concerning independent directors with the goal of improving corporate governance.

    China | 13 Jul 2018
  • Australia: Standards authority issues draft financial adviser exam guidance

    The Financial Adviser Standards and Ethics Authority (FASEA) yesterday released its draft guidance on the Financial Adviser Examination. The examination is an essential component of the educational qualifications that all advisers will need to pass before they can provide personal advice to retail clients.

    Asia | 12 Jul 2018
  • China grants preferential treatment to HK reinsurers

    Reinsurers in Hong Kong have received a boost from the Chinese regulator, which will soon announce a measure that would encourage mainland Chinese insurers to give priority to Hong Kong reinsurers when ceding business offshore, according to a senior official from the Hong Kong Insurance Authority (IA).

    AIRPlus | 06 Jul 2018
  • China issues notices allowing foreign investments in insurance intermediaries

    The CBIRC on 28 June 2018 issued two new notices, allowing foreign investments of up to 100% in insurance intermediaries and loss adjusting firms. The measures took immediate effect.

    China | 06 Jul 2018

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