The Indonesian Life Insurance Association (AAJI) has said that one measure introduced by the Financial Services Authority (OJK) to provide relief to policyholders during the COVID-19 pandemic may not be compulsory for insurers.
India lacks a law specifically targeting all aspects of insurance fraud despite the fact that insurers lost INR450bn ($5.9bn) due to fraud in 2019, according to Mr S K Sethi, founder and CEO of the Insurance Foundation of India and the founder Director of Ria Insurance Brokers.
Bank Negara Malaysia (BNM) has raised the issue of the need to improve the motor claims process, and has suggested ways to amerliorate the process.
Superannuation trustees are facing three competing sets of problems as they deal with the unprecedented...
Major life insurers in Taiwan have lowered their declared interest rates on local currency denominated...