Thailand's insurance regulator, Office of Insurance Commission (OIC), has modernised its data infrastructure using solutions from NetApp.
A newly signed trade deal between the US and Bangladesh requires Bangladesh to remove the 50% mandatory cession to national reinsurer Sadharan Bima Corporation and opening the market to full competition.
The CEO and Chairman of Alliance Assurances has proposed that mandatory insurance requirements be extended from Nat CAT to fire, liability and transport.
Thailand's insurance regulator, the Office of the Insurance Commission (OIC), held a meeting with the Thai Life Insurance Association, to discuss ways to amend and improve subordinate legislation related to insurance fraud.
The Insurance Regulator of Cambodia (IRC) held a consultation meeting on a draft proclamation on "The Implementation of Policy Wording for Compulsory Motor Third-Party Liability Insurance" and "Tariff on Compulsory Motor Third-Party Liabilities Insurance".
Egypt's Financial Regulatory Authority (FRA) has issued a mandate requiring companies operating in the consumer finance sector to provide insurance coverage for clients.
The National Financial Regulatory Administration (NFRA), the National Development and Reform Commission (NDRC) and the Civil Aviation Administration of China (CAAC) have issued a set of "Implementation Opinions" to accelerate the establishment of a comprehensive policy framework for low-altitude insurance.
Dajia Insurance Group, the owner of the iconic Waldorf Astoria in New York City, is preparing to sell the luxury hotel property, months after it reopened following a multibillion-dollar renovation, reported The Wall Street Journal earlier this week.
The Office of Insurance Commission (OIC) has unveiled new regulations under which citizens have the option of purchasing motor insurance with either a "named driver" or "unnamed driver" under new guidelines. Furthermore, drivers with a clean traffic record can enjoy discounts of up to 40% on insurance premiums.
The Nepal Insurance Authority has removed the mandatory stamp requirement for insurance documents.