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End the secrecy: Insurers call on the EU to regulate private Third-Party Litigation Funding

by AIP Online Bureau | Nov 18, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Currently, the practice whereby private investors who are not party to the legal dispute, finance legal proceedings in exchange for a share of any financial award, is not properly regulated at European level Brussels: Insurance Europe, together with ten other...

Updated regulation on curbing spam calls likely by Jan, says Trai chairman

by AIP Online Bureau | Oct 29, 2024 | Eco/Invest/Demography, Indian News, Regulation, Risk Management

The Trai Chief said series of measures taken over the past months by the regulator to combat spam calls and malicious/fraudulent messages is leading to “significant and perceptible clean up of the system” but noted that “more needs to be done”...
Singapore mending regulations to stay globally competitive: PM Wong

Singapore mending regulations to stay globally competitive: PM Wong

by AIP Online Bureau | Aug 18, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology

Lawrence Wong ,Prime Minister, Singapore Prime Minister Lawrence Wong said easing the regulatory burden and cutting the cost of doing business was part of his government’s efforts to nurture and grow the spirit of innovation and enterprise in Singapore Singapore:...
IRDAI slaps a fine of Rs1cr on Care Health, orders it to buy back Rashmi Saluja’s exercised stock options and cancel others

IRDAI slaps a fine of Rs1cr on Care Health, orders it to buy back Rashmi Saluja’s exercised stock options and cancel others

by AIP Online Bureau | Jul 23, 2024 | Health, Indian News, Intermediaries, Regulation

Rashmi Saluja, non-executive chairperson cum director, Care Health Insurance The issuance of stock options of Care Health Insurance to Rashmi Saluja in her capacity as the chairperson of Raligare Enterprises Ltd(REL), the holding company Care Health Insurance, is in...

Bermuda insurer credit profiles supported by BMA regulatory reforms: Fitch

by AIP Online Bureau | May 1, 2024 | Eco/Invest/Demography, International News, Life, Non-Life, Regulation, Reinsurance

The Bermuda life insurance market has grown rapidly. Assets increased to $1.1 billion as of YE2022 from $496 million in 2018, and the number of life insurance licenses increased 10% over the same period to 180. This growth has been driven by its economic-based regime,...
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