Legal & Regulation
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Foreign insurers nervously await OJK ownership cap decision
The ability of international insurance and reinsurance companies to further expand their activities in the potentially massive Indonesian insurance market…
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HK regulator calls for greater technology spending
Hong Kong’s insurance regulator has called on the industry to increase its investment in technology. Data analytics, psychometric testing and…
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Brexit a threat to Lloyd’s and wider European market, warns Inga Beale
Lloyd's CEO Inga Beale has cautioned against a UK exit from the European Union (EU) claiming it poses a real…
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Protectionism vs liberalisation: where next for insurance regulation?
Risk managers often bemoan the state of insurance regulation. They are concerned that the global web of complex and differing…
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Risk associations set to sway cyber debate
The Federation of European Risk Management Associations (Ferma) and French risk management body, Association pour le Management des Risques et…
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Softer landing for captives under Solvency II than market feared
There was concern that Solvency II, which came into force this January, would hit captives hard but its initial impact…
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Ratification of TPP will see winners and losers claims credit insurer
If ratified by all members, the Trans-Pacific Trade Partnership (TPP) could boost regional gross domestic product (GDP) by more than…
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Much work needed by insurers to realise AEC dream
The formal creation of the Association of Southeast Asian Nations (ASEAN) Economic Community (AEC) at the end of last year…
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Hong Kong market analysis
Hong Kong insurance market faces up to competition & low interest rates, Insurance sector needs to bridge talent gap and…
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New FCA CEO signals change of direction for UK regulator
UK financial services regulator, the Financial Conduct Authority (FCA), may now take a more conciliatory approach to supervising its insurance…
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Essential service firms required to prove cyber security up to scratch as further EU rules agreed
Companies supplying essential or digital services in the EU will have to prove their cyber security is robust and likely…
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EU privacy laws to increase liabilities and insurance demand
After almost four years of intense negotiations, EU authorities finally agreed tough new data protection laws in December. The move…
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Stricter enforcement of environmental rules and mandatory covers on the horizon, predicts insurer
There will be more focus on enforcement of environmental legislation across the world, including the EU, going forward, and a…
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Chinese insurance market still booming but rule changes could dampen mood
The Chinese insurance market continues to post excellent growth rates but some significant challenges lie ahead as the China Insurance…
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Foreign insurers and risk managers still need to tread carefully in China
International insurers have invested for growth in the Chinese insurance and reinsurance market as they struggle to achieve their targets…
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Asian reinsurance prices will soften further but rising protectionism a problem: Asia
Risk managers can rely on falling reinsurance pricing in the Asian and global risk transfer chain but must be aware…
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European buyers set for late claims payment damages in UK following market-wide agreement
The UK insurance industry and buyer representatives have agreed on amendments to the Enterprise Bill that will see insureds across…
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Ferma welcomes EC decision to find Bermuda Solvency II equivalent
Ferma and insurance industry bodies have welcomed the European Commission's decision yesterday to find Bermuda and the Bermuda Monetary Authority…
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Sentencing guidelines bring higher penalties for large companies and their directors
New UK sentencing guidelines are likely to result in larger fines for companies and directors, as well as longer prison…
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Battle continues for late claims payment damages in UK
In the latest twist in the battle to secure damages for late claims payment under UK law, London insurance market…