Life Insurance Sector Sees Revenue Rise, Claim Payouts Fall
Bangladesh’s life insurance sector has experienced growth in revenue and investment, yet the rate of policy claim settlements has declined, …
South Korea Tightens Fire Safety Rules for EVs
In a bid to tackle rising fire incidents involving electric vehicles (EVs), South Korea has introduced stricter liability insurance requirements …
Indonesia Makes Travel Insurance Mandatory for Tourists
Indonesia’s Financial Services Authority (OJK) has formally endorsed a proposal to make travel insurance compulsory for all foreign visitors to …
Nine Firms Transferred to ‘Z’, Margin Benefits Withdrawn
In a decisive move, the Dhaka Stock Exchange (DSE) has transferred nine listed companies to the ‘Z’ category after they …
Health Insurance for International Tourists Begins in Georgia
Georgia, the picturesque nation perched at the crossroads of Europe and Asia, is set to implement a significant new rule …
Inquiry Launched Into Gulf Cable Damage
Authorities in Finland and Estonia have opened a wide-ranging investigation after damage was discovered to a critical undersea telecommunications cable …
Irdai may change the rules for consolidated insurance investment
The Insurance Regulatory and Development Authority of India (Irdai) has been granted enhanced flexibility in defining insurers’ investment norms following …
New Insurance Surveyor Conduct Code Gazette Published
The Government of Bangladesh has officially published a new regulatory framework governing the duties, responsibilities, and professional conduct of insurance …
Direct Insurance or Broker—Which Works Better?
Bangladesh’s economy is moving through a phase of rapid transformation. Expanding manufacturing and exports, large-scale infrastructure projects, modernised transport networks …
QBE Insurance Secures US$400m Catastrophe Bond Protection
QBE Insurance Group has successfully completed a new catastrophe bond transaction, securing US$400 million in collateralised reinsurance protection through its …