Regulatory & Compliance

How Insurtech is Transforming the Insurance Industry's Future
Regulatory & Compliance How Insurtech is Transforming the Insurance Industry's Future

The traditionally conservative and slow-moving insurance industry is undergoing a significant transformation fueled by technological advancements. This digital evolution, known as Insurtech—a merger of “insurance” and “technology”—is revolutionizing the sector through various innovations aimed at en

New Zealand Proposes Modernized Insurance Laws with Consumer Protections
Regulatory & Compliance New Zealand Proposes Modernized Insurance Laws with Consumer Protections

New Zealand is on the verge of a significant legal overhaul that promises to transform its insurance industry. The Contracts of Insurance Bill, currently under review, is poised to modernize outdated regulations, bolster consumer protections, and address emerging issues such as genetic information

Can Singapore's New Scam Bill Effectively Combat Online Fraud?
Regulatory & Compliance Can Singapore's New Scam Bill Effectively Combat Online Fraud?

As the world continues to digitalize, the prevalence and complexity of online scams have surged, posing significant threats to individuals and financial institutions alike. In response, Singapore’s Ministry of Home Affairs (MHA) has introduced the Protection from Scams Bill. This legislation aims t

Has BNY Mellon's $5 Million Fine Sparked a Shift in Compliance Practices?
Regulatory & Compliance Has BNY Mellon's $5 Million Fine Sparked a Shift in Compliance Practices?

The recent $5 million fine levied on BNY Mellon by the Commodity Futures Trading Commission (CFTC) has sent ripples through the financial industry, raising significant questions about the robustness of compliance frameworks in major institutions. The fine, resulting from non-compliance issues

How Will Ascot Group’s New Initiative Transform Reinsurance Industry?
Regulatory & Compliance How Will Ascot Group’s New Initiative Transform Reinsurance Industry?

Ascot Group, a Bermuda-based global specialty insurer, has taken a monumental step in the reinsurance sector with the launch of its new capital management platform, Leadline Capital Partners. For an industry always on the lookout for innovative solutions to complex risk management issues,

UK Cyber Security Bill: Impact on Insurance and Compliance
Regulatory & Compliance UK Cyber Security Bill: Impact on Insurance and Compliance

The proposed Cyber Security and Resilience Bill, unveiled in the recent King’s Speech, marks a significant move by the UK government to strengthen the nation's cyber security framework in response to an increasingly hostile digital threat landscape. This article delves into how this bill could

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