Captive News

Global captive market updates, regulatory news and industry insights

Malaysia grants tax exemptions on insurance premiums

Malaysia’s Finance Ministry has announced tax exemptions for all individual policyholders who had bought or renewed an insurance policy during the tax holiday period from June 01 to Aug 31, 2018.

2018-12-21

Author：Editorial Team
IBC Issues Position Paper on Automated Vehicles

During its annual Regulatory Affairs Symposium, Insurance Bureau of Canada (IBC) released a position paper, Auto Insurance for Automated Vehicles: Preparing for the Future of Mobility.

2018-11-25

Author：Editorial Team
Increased awareness to increase penetration level of insurance industry

From 2001 onwards, the insurance sector saw a consistent improvement in terms of structure and growth. Specifically, higher per capita income, expansion in trade sector, and the growing private sector credit spurred the exceptional growth in the insurance sector. Importantly, this growth was broad-based, as both the life and non-life insurance sectors witnessed double-digit growth although life insurance sector continues to dominate the insurance industry.

2018-10-14

Author：Editorial Team
Pakistan is Set to Regulate Insurance Sector

The Securities and Exchange Commission of Pakistan (SECP) has approved the draft Insurance Bill, 2017, which has been sent to the Ministry of Finance (MoF) for its onward submission to the Ministry of Commerce to start the necessary legislative process.

2018-10-14

Author：Editorial Team
Pakistan’s insurance industry — scope, growth and future

The insurance industry in Pakistan is relatively small as compared to its peers in the region. The insurance penetration and density has remained very modest as compared to other countries. However, the situation has been improving over the last 5 years and the insurance industry, especially life insurance has shown tremendous growth. This growth can be attributed to the change in perception of life insurance which is now being perceived as security for prosperous future in the event of some unfortunate incident.

2018-10-14

Author：Editorial Team
Iran, Germany sign MoU to enhance insurance cooperation

The Social Security Organization of Iran and German Social Accident Insurance (DGUV) signed a memorandum of understanding (MoU) to boost cooperation on various insurance related fields, Tehran Times reported on Saturday. Head of Iran's Social Security Organization, Taqi Noorbakhsh, and Deputy Director of DGUV, Joachim Broer, inked the MoU in Berlin on Friday.

2018-10-06

Author：Editorial Team
US House Passes International Insurance Standards Act of 2018

The US House of Representatives passed the International Insurance Standards Act of 2018 (H.R. 4537) on July 10, 2018. Introduced by Representative Sean Duffy (R-WI) and Representative Denny Heck (D-WA), the legislation is intended to preserve the US state-based system of insurance regulation while giving Congress greater oversight of and transparency in international insurance standard-setting negotiations.

2018-08-09

Author：Editorial Team
KBRA Releases Rating Report for Watford, an Arch Partner

On June 11, 2018, Kroll Bond Rating Agency (KBRA) assigned insurance financial strength ratings (IFSR) of A to the operating subsidiaries of Watford Holdings Ltd. (Watford Holdings)—Watford Re Ltd., Watford Insurance Company Europe Ltd., Watford Specialty Insurance Company, and Watford Insurance Company .

2018-08-09

Author：Editorial Team
A.M. Best-Rated Captives Show Strong Performance Despite Reduced Profit

The financial performance of US captive insurance companies rated by A.M. Best remained exceptionally strong in 2017, and they continued to outperform their counterparts in the commercial casualty sector, according to a new A.M. Best report.

2018-08-09

Author：Editorial Team
Four New Capitve Approvals as of Q2 2018 in Labuan IBFC

Kuala Lumpur, 1 August 2018. Labuan International Business and Financial Centre( Labuan IBFC) envisages a positive trend in the take-up of captive insurance following four approvals in the first half of the year. The mid shore centre is also one of the financial centres in the Asia region to approve the most captive entities last year.

2018-08-02

Author：Editorial Team

FirstPrev12345678...NextLast