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Mandatory insurances in Vietnam
According to Article 8 of the current Law on Insurance Business, mandatory insurance is only applicable to certain types of insurance to protect public interests and social safety...
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Myanmar's regulator gives the green light to bancassurance
On March 4th, 2020, the Myanmar Insurance Business Regulatory Board (IBRB) issued Directive No. 02/2020 which allows banks and microfinance institutions to operate as insurance agents, provided they obtain approval from the Central Bank of Myanmar (CBM) ...
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Pay attention to statutory limits in the insurance contract
During the implementation of an insurance contract, policyholders and the insured need to note 3 milestones to properly ensure their rights...
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Regulations on insurance management and supervision fees
On January 3, 2020, the Ministry of Finance issued Circular No. 01/2020/TT-BTC regulating the rate, regime of collection, payment, management, and usage of fees for insurance management and supervision activities. ("Circular 01/2020"), takes effect from February 20th, 2020...
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