Rising transactions with third parties, data privacy concerns and gaps in operational processes have augmented financial crime risks in the life insurance sector, an EY Fraud Investigation & Dispute Services report says.
Risk control will remain a priority in China's insurance sector with planned measures like limiting the share ownership of single share owners, a top CIRC official has said.
Minister for Revenue and Financial Services, Ms Kelly O'Dwyer, has announced the establishment of a consumer and industry advisory group to assist in the next phase of development for a framework for Comprehensive Income Products for Retirement.
Six insurance companies are preparing to issue rights shares to raise a combined total of NPR7 billion (US$67...
Victims of road accidents often fail to receive compensation from insurers due to complicated claims...