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Singapore: new rules on payment of premiums

Singapore - October 6 2016 The General Insurance Association of Singapore (GIA) has introduced new rules on the payment of premiums in a bid to reduce claim disputes between...

Danielle Secher.

Singapore: First usage-based insurance for private-hire car drivers

Singapore - September 1 2016 Over the past few years the taxi industry has undergone a complete transformation. This has, in part, been fuelled by the growth in popularity of...

Indonesia: Otoritas Jasa Keuangan (OJK) to get rid of sanctions for insurance companies who fail to meet minimum risk-based capital (RBC) requirement

Indonesia - November 10 2015 In order to maintain sound financial management, insurance companies in Indonesia are currently obliged to maintain a minimum solvency level of at...

Singapore: strengthening of the Monetary Authority of Singapore’s anti-money laundering (AML) and counter-terrorism financing (CTF) powers

Singapore - October 5 2015 On 11 May 2015, the Monetary Authority of Singapore (Amendment) Bill (the Bill) passed its second reading in Parliament. The Bill will empower the...

Singapore: consumers empowered to directly purchase and compare some life insurance products

Singapore - September 15 2015 Following the Financial Advisory Industry Review (FAIR) of the financial advisory market in 2013, it was accepted by the Monetary Authority of...