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Insurance regulators can contribute to addressing protection gaps
The International Association of Insurance Supervisors (IAIS) says that it will publish a report by the end of 2023 which analyses the...
May 3, 20232 min read
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Regulator directs insurers to lay down social media guidelines for employees
The IRDAI has asked insurance companies to set out social media guidelines for their employees to ensure that no unverified or...
May 2, 20232 min read
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IAIS assesses cyber risks in insurance sector and financial stability implications
The cyber insurance market saw substantive changes in underwriting controls, including tighter terms and conditions, and stricter risk...
Apr 24, 20233 min read
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Reinsurance renewals indicate signs of hardening
Insurers and takaful operators (ITOs) have reported increased reinsurance rates on the renewal of cover, higher reinstatement costs for...
Apr 11, 20231 min read
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EU-ASEAN Business Council suggests how insurance regulators can help achieve sustainable growth
The EU-ASEAN Business Council (EU-ABC), an advocacy organization representing the interests of European businesses operating in Southeast...
Mar 30, 20232 min read
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New solvency assessment requirement elevates insurance regulation
The Philippines' adoption of Own Risk and Solvency Assessment (ORSA) standards is a positive development that will elevate the country's...
Feb 23, 20232 min read
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Insurance body asked to protect the public
Finance Secretary Benjamin Diokno asked the Insurance Commission to explore new initiatives to promote trust and transparency in...
Feb 21, 20232 min read
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Insured losses from climate events in recent weeks surpass 2022 losses from similar Nat CATs
Insured losses from the recent extreme weather events in New Zealand would exceed the comparable losses for all of 2022 which was already...
Feb 17, 20232 min read
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