The amended Income Tax Act (Amendment), which stipulates new “see-through” rules on the taxation of Taiwan real estate, has come into effect on 01 July 2021 and retrospectively applied on real estate acquired after 01 January 2016.
The UK Supreme Court has handed down judgment in the Financial Conduct Authority’s COVID-19 Business Interruption test case, providing much-needed clarity regarding the coverage generally afforded to businesses for their COVID-19 related financial losses.
In Utmost Good Faith? is a new infographic created by Euromoney Thought Leadership Consulting and commissioned by Baker McKenzie, outlining opportunities and ethical considerations for AI in the Insurance sector. As AI gains ground in the sector, it is critical to understand ethical considerations, which would help market players navigate the potential increase in regulatory scrutiny.
Baker McKenzie panelists use their experience from working with insurance firms to take a closer look at insurtech in Asia (Video)
Insurtech is making the insurance industry more accessible, customer-friendly, and less time-consuming.
The answers is probably ‘yes’ and regulators in Asia Pacific are reacting by setting standards on risk identification, assessment, mitigation and crisis management.