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5 days ago | 
asiainsurancereview.com | Reva Ganesan
Speaking at a skill enhancement programme held in Kathmandu for AML/CFT implementation officers from various insurers, Mr Ojha urged participants to prepare and update their internal policies and strategies in accordance with the guidelines and directives issued by the Authority to effectively address money laundering risks.
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5 days ago | 
asiainsurancereview.com | Reva Ganesan
Countries like Australia and Korea have well-established surety markets, and the use of surety as a guarantee solution is expected to grow significantly in other parts of Asia, particularly in China and India, fuelled by economic expansion and accelerating infrastructure development, the report said.
The infrastructure investment need in the region is expected to be $1.7tn annually up until 2030.
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5 days ago | 
asiainsurancereview.com | Reva Ganesan
US- based private equity firm Warburg Pincus is reportedly in discussions to sell its 10% stake in SBI General Insurance, the general insurance arm of State Bank of India, according to a Bloomberg News report, citing sources familiar with the matter. The firm is said to be negotiating with Premji Invest—the investment vehicle of Indian billionaire Azim Premji—and SBI, India’s largest lender, as potential buyers for the stake.
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5 days ago | 
asiainsurancereview.com | Reva Ganesan
Nepal Insurance Authority (NEA) Chairman Sharad Ojha has instructed insurance companies to develop and implement robust policies, strategies, systems, and standards to combat money laundering.
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5 days ago | 
asiainsurancereview.com | Reva Ganesan
One of the two recently approved Alzheimer's drugs has been submitted for coverage under the National Health Insurance (NHI) programme and could be considered for inclusion by the end of the year, National Health Insurance Administration (NHIA) Director-General Shih Chung-liang announced The Far Eastern Memorial Hospital in New Taipei City announced that Kisunla—the brand name for donanemab, a monoclonal antibody developed by US pharmaceutical company Eli Lilly and Co—will be administered for...
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5 days ago | 
asiainsurancereview.com | Reva Ganesan
The report revealed that AI has increased claim accuracy by 14 times, significantly transforming the way insurance claims are managed today.
It also highlighted that claims processing is a critical component of any insurance policy, with AI playing a key role in early detection of potential fraud.
In term insurance plans, approximately 11% of cases are flagged by AI for suspected fraud.
In savings plans, the figure is even higher, with AI flagging 16% of cases for potential fraud.
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1 week ago | 
asiainsurancereview.com | Reva Ganesan
The amended Employment Law, passed with near-unanimous approval, contains 8 chapters and 55 articles—three fewer than the original draft tabled at the 9th legislative session. The changes mark a significant policy shift, with 12 new provision groups aimed at modernizing Vietnam’s labor landscape.
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1 week ago | 
asiainsurancereview.com | Reva Ganesan
Union Assurance has become the first life insurer in Sri Lanka to receive certification under the ISO/IEC 27001:2022 standard. The certification recognises the company's compliance with global standards for managing information security, covering areas such as customer data, business operations and third-party records. Union Assurance has adopted the ISO/IEC 27001:2022 standard as part of its efforts to strengthen cybersecurity.
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1 week ago | 
asiainsurancereview.com | Reva Ganesan
As companies restructure their workforces during integration processes, the focus is shifting toward incentivised voluntary departures rather than forced layoffs.
Hanwha General Insurance, currently preparing to complete its merger with Carrot General Insurance by September, is expected to follow this trend.
Older employees at Hanwha may be encouraged to retire voluntarily, as Carrot's workforce is significantly younger.
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1 week ago | 
asiainsurancereview.com | Reva Ganesan
As of April 2025, total credit insurance premiums reached IDR 6.31tn ($394.38m), marking a 5.63% year-on-year decline, according to the Financial Services Authority (OJK), reported an Indonesia news site. However, credit insurance remains as one of the main contributors in the general insurance industry.
