This edition covers insights, pertinent insurance-specific legal issues and significant regulatory developments in Indonesia, Malaysia, Singapore, Taiwan, Thailand and Vietnam. Updates include:
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Indonesia: Government of the Republic of Indonesia Issues Updated Draft Government Regulation on Information and Electronic Transactions
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Malaysia: Policy Document: Outsourcing Arrangement for Financial Institutions
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Singapore: Consultation of Singapore Model AI Governance Framework and Adoption of FEAT Principles
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Thailand: Amendments to the Insurance Acts
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Taiwan: Update on The Regulations Governing Foreign Investments
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Vietnam simplifies certain Insurance Business Conditions for Insurance Companies and Agents
This newsletter also features two new insurance guides:
- Asia Pacific Guide for Investing in Insurtech Start-ups 2019, which identifies deal-breakers in relation to investment criteria, corporate approvals, corporate governance, connected transactions and intellectual property.
- Insurance Regulatory Landscape and Key Considerations for M&A Transactions 2019, which focuses on issues to consider when contemplating insurance M&A activities in Asia, such as regulatory approval, private equity participation and foreign ownership limitations.