Indonesia: Regulator issues regulation on new capital requirements

Published on January 4, 2024
The Financial Services Authority ( OJK ) has issued OJK Regulation (POJK) Number 23 of 2023 on "Business and Institutional Licensing of Insurance Companies, Shariah Insurance Companies, Reinsurance
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Aon calls for sustained re/insurance symbiosis after ‘relatively smooth’ 1.1 renewal

January 3, 2024
After a challenging year for many cedents, insurance and reinsurance broker Aon has reported a “relatively smooth” January 1st, 2024, reinsurance renewal, characterised by a rebound in profitability, rebuilding capital positions, and increased availability of retrocession capacity.Aon’s latest Reinsurance Market Dynamics report notes increased appetite from reinsurers at 1.1 2024 at the enhanced t

India: Consumer affairs authorities want insurance policy terms and conditions to be clearly explained

January 4, 2024
Insurance agents may soon be required to maintain audio-visual records of their sales pitch during which they must read out a summary of the policy features to prospective buyers.