The Monetary Authority of Singapore (MAS) has revised its Technology Risk Management Guidelines to keep pace with emerging technologies and shifts in the cyber threat landscape.
Hong Kong's Insurance Authority has extended the validity of temporary facilitative measures to 31 March 2021.
Hong Kong SAR Chief Executive Carrie Lam unveiled the government's blueprint for insurance in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) in her policy address 2020.
The Philippine Insurance Commission's (IC) recent withdrawal of a proposal to hold the minimum net worth requirement of local insurance companies' at PHP 900 million (USD 18.6 million) is expected to have a mixed impact on the overall insurance industry over the short to medium term, according to AM Best.
Singapore's retirement system retains its top spot in Asia, ranking seventh out of 39 retirement systems, according to the 12th annual Mercer CFA Institute Global Pension Index, a study of retirement income systems across the globe, covering almost two-thirds of the world's population.
The Insurance Authority (IA) has formed the Disciplinary Panel Pool (DPP) as part of its new disciplinary mechanism for licensed insurance intermediaries and authorised insurers.
The Hong Kong Monetary Authority (HKMA) has released some key observations identified in the course of its supervisory work as well as the expected standards in relation to selling of life insurance policies, where a customer applies to purchase a new life insurance policy, and replaces or makes certain changes to an existing life insurance policy previously purchased.
Healthcare financing reforms are expected to shape the business environment in Singapore, according to a report from Fitch Solutions Country Risk & Industry Research. This began with a fundamental shift in the philosophy adopted by the authorities, aiming to contribute more to healthcare financing to help improve the affordability of medical services.
As part of an ongoing review of MediShield Life benefits and premiums, the MediShield Life Council is seeking views from the public on the preliminary recommendations and suggestions for enhancements to the scheme.
The Financial Supervisory Commission (FSC) will soon announce some draft amendments to the "Insurance Broker Management Rules" and "Insurance Agency Management Rules", according to a statement from the Insurance Bureau of the commission.
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