The board and senior management shall be held "jointly accountable" for bancassurance/bancatakaful products that result in "poor consumer outcomes".
July 3, 2022New draft rules are aimed at strengthening safeguards to ensure the delivery of better outcomes for consumers of insurance/takaful products.
September 5, 2021Sharia insurer Allianz Life Syariah, part of insurance giant Allianz Indonesia, has warned that a new non-bank financial regulation to be issued by the Indonesia’s Financial Services Authority later this year may hurt the life insurer’s bancassurance business.
June 9, 2014