...) reinsurance management framework of the insurer; (b) type of reinsurance arrangements; (c) maximum retention of the insurer; (d) spread of risks among reinsurers; and (e) security of reinsurers. 5.3 Authorized insurers should also consider conducting stress testing under different stressed scenarios regularly...

... the person is carrying on a regulated activity, in the course of business or employment, or for reward unless the person holds an appropriate type of insurance intermediary licence or is exempt under the IO.  It is an offence for contravening section 64G of the IO.   Regulated...

... Indonesia Niue The FATF calls on its members to remind their financial institutions to give special attention to businesses and transactions with persons, including companies and financial institutions, in these NCCTs. This is in line with Recommendation 21 of the Forty...

... Conducted 3 rounds of Quantitative Impact Studies Public consultation on draft capital rules in early-2022 Pillar 2 GL 21 on Enterprise Risk Management effective since early-2020 First set of ORSA reports received in mid-2021 Pillar 3 Industry consultation commenced in early-2021 Last batch of proposals...

... requisite CPD courses) to their appointing principal by 7 January 2022. Appointing principals are then required, by 21 January 2022, to submit a list to the IA, detailing the updated position of these individual licensees together with the relevant supporting documents. The list (in the following format...

... underwriting performance recorded a profit of $306 million (decreased by 17.1%). On direct business, gross and net premiums stood at $21 billion (increased by 6.4%) and $14.8 billion (increased by 7.2%) respectively.  The growth of gross premiums was mainly driven by Accident & Health...