India: IRDAI reviews bancassurance channel to improve regulatory framework

Published on November 2, 2023
The IRDAI has formed a taskforce to review the existing bancassurance intermediation model and carry out modifications, if any, to the regulatory framework, with the focus on the protection of
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Industry loss estimates of up to $6.5bn from Hurricane Otis: AM Best

November 1, 2023
Insurance industry losses from the impacts of Hurricane Otis in Mexico could range from $1.8 billion to $6.5 billion, with losses likely to fall to reinsurers, according to analysis by AM Best.The ratings agency notes that while regulators in the country have set standards to mitigate hurricane risks, and companies are required to set a catastrophic reserve for hurricanes, insurers cede more than

Thailand: Insurance regulator promotes insider to be new secretary-general

November 2, 2023
The Minister of Finance has appointed Mr Chuchat Pramunphon as the secretary-general of the Office of the Insurance Commission (OIC) with effect from 31 October 2023.