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regulatory frameworks
Bermuda’s long-term insurance sector maintains stability amid systemic risk concerns: BILTIR
13th June 2025
A recent independent report commissioned by Bermuda International Long Term Insurers and Reinsurers (BILTIR)—an association representing Bermuda-based long-term re/insurance companies—and conducted by Oliver Wyman, a global management consulting firm, has affirmed that Bermuda’s long-term re/insurance industry acts as a source of stability rather than risk within the global financial system. The ... Read the full article
Indonesia explores relaxing regulations to allow reinsurers to establish domestic branches
10th June 2025
In a press conference covered by the Jakarta Globe, Indonesia’s Financial Services Authority (OJK) confirmed that the country is planning to explore relaxing regulations to promote multinational reinsurance companies to open branches in Indonesia. This follows response to a widening deficit in the country’s reinsurance balance of payments. Indonesia recorded a ... Read the full article
Hong Kong’s new capital framework to strengthen enterprise risk management: AM Best
25th September 2024
A new report from AM Best, a credit rating agency, suggests that Hong Kong's upcoming risk-based capital regulatory framework will enhance enterprise risk management (ERM) practices for (re)insurers operating in the region. The Best’s Special Report provides detailed analysis on the risk-based framework implemented on July 1, 2024, replacing the previous ... Read the full article
Surge in cyber insurance market fuelled by regulatory shifts and global tensions: Morningstar DBRS
27th June 2024
Morningstar DBRS, a global credit rating agency, emphasises that cyber insurance is rapidly growing and essential in the digital age, projected to soar to $40 billion by decade's end amidst rising cyber threats and stringent data regulations. Morningstar DBRS highlights that Cyber insurance is a relatively new type of insurance designed ... Read the full article
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