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IRDA Invites Applications for Chartered Secretary Listing

IRDA Invites Applications for Chartered Secretary Listing

The Insurance Development and Regulatory Authority (IRDA) has officially invited applications from qualified individuals and institutions for listing as Chartered Secretaries within the insurance sector. Interested candidates and firms are required to submit their complete application forms along with all necessary supporting documents to the relevant office by 5:00 pm on 25 January. The application […]
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Asia Bears Brunt of 2025 Disaster Losses

Asia Bears Brunt of 2025 Disaster Losses

In 2025, natural disasters inflicted profound economic shocks across the globe, with Asia emerging as the hardest-hit region. According to estimates from the international reinsurance industry, total economic losses worldwide from natural hazards reached approximately USD 224 billion, of which the Asia–Pacific region accounted for nearly USD 73 billion—almost one-third of global losses. This figure […]
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Taiwan Insurance Giants Merge to Form Powerhouse

Taiwan Insurance Giants Merge to Form Powerhouse

In a landmark consolidation within Taiwan’s insurance sector, Shin Kong Life Insurance and Taishin Life Insurance, both subsidiaries of TS Financial Holdings Co. (TS Holdings), have officially completed their merger. The integration marks one of the most significant structural shifts in the country’s life insurance market. Under the merger agreement, Taishin Life Insurance has been […]
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Allianz Introduces AI Agents for Claims

Allianz Introduces AI Agents for Claims

Global insurance giant Allianz SE has announced a strategic partnership with artificial intelligence firm Anthropic, marking a significant step in embedding “responsible AI” across its operations. The collaboration aims to enhance software development, streamline claims processing, and boost operational efficiency throughout Allianz’s worldwide network. The partnership will focus on three key initiatives designed to modernise […]
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Osman Ershad Assumes Dhaka Bank Managing Director

Osman Ershad Assumes Dhaka Bank Managing Director

Dhaka Bank PLC has formally appointed Osman Ershad Fayez as its new Managing Director, ushering in a significant leadership transition at one of Bangladesh’s leading private-sector banks. He officially assumed charge on Sunday, 11 January, with the bank describing the appointment as a strategic step aimed at strengthening corporate governance, expanding technology-driven banking services, and […]
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Optional Health Insurance Co-Payments Introduced In Indonesia

Optional Health Insurance Co-Payments Introduced In Indonesia

Indonesia’s Financial Services Authority (OJK) has formally issued POJK Number 36 of 2025, a landmark regulation that makes co-payments in health insurance policies optional for consumers. Under this new framework, the insured’s maximum financial liability per claim is limited to 5% of the total claim amount. The regulation, officially titled “Strengthening the Health Insurance Ecosystem”, […]
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