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Regulation tag returned 1356 results

  • UAE: New era dawns for insurance claim dispute resolution

    New Insurance Disputes Committees established by the UAE Insurance Authority will reshape the way in which disputed insurance claims are handled in 2020, says Mr Mark Beswetherick, a partner in the global law firm Clyde & Co.

    Middle East | 08 Dec 2019
  • What de-tariffication means for Malaysians: lower prices and more competitive products

    As Malaysia's general insurance market undergoes a phase of transformation and liberalisation, insurers have been urged to keep up with the times by embracing new competitive parameters such as risk-based pricing, tailored services and product innovation.

    Asia | 06 Dec 2019
  • Insurance and other financial apps to be regulated

    Chinese regulators are tightening scrutiny of proliferating mobile apps operated by financial institutions such as insurers, banks, brokerages and payment providers amid growing concerns that such applications are putting users' privacy at risk.

    China | 06 Dec 2019
  • New Zealand: Govt proposes legislative changes to make insurance easier to understand

    The New Zealand government has agreed on several changes to the insurance law that will make it easier for consumers to understand their insurance policies, Minister of Commerce and Consumer Affairs Kris Faafoi has said.

    Asia | 06 Dec 2019
  • Thailand: Regulator mulls special licence for digital insurers

    The Office of the Insurance Commission (OIC) is studying the possibility of issuing a special licence for digital insurance business to encourage traditional insurers to revamp their business model amid disruptive technology.

    Asia | 06 Dec 2019
  • Turkey: Insurers are bullish about 2020

    The Turkish insurance sector is looking forward to 2020 as the industry has been performing above expectations so far this year in spite of low economic growth and the momentum is expected to continue.

    Middle East | 05 Dec 2019
  • GCC: Regulators increasingly collaborate with industry players to boost insurance

    Regulators across the GCC are increasingly collaborating with insurance companies to educate consumers on protection and risk-mitigating insurance offerings to make a positive impact on the development of the industry, notes Alpen Capital (ME), a Dubai-headquartered investment banking advisory firm, in a report on the region's insurance industry.

    Middle East | 05 Dec 2019
  • UAE: Insurance Authority says it scrutinies loss making insurers

    The UAE Insurance Authority (IA) has said it is closely monitoring all insurance companies operating in the country, especially those that have posted financial losses.

    Middle East | 05 Dec 2019
  • Philippines: Regulator proposes list of changes to insurance law

    The Insurance Commission (IC) is seeking to amend the insurance law, about six years since it was last revamped in 2013, to cater to developments like takaful and catastrophe insurance.

    Asia | 05 Dec 2019
  • Australia: ASIC to ban cold call sales of direct life insurance

    The Australian Securities and Investments Commission (ASIC) yesterday announced a ban on unsolicited 'cold call' telephone sales of direct life insurance and consumer credit insurance (CCI). The ban will address poor sales practices that have led to unfair consumer outcomes. It will take effect from 13 January 2020.

    Asia | 05 Dec 2019