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As an early stage or startup InsurTech, you’re highly focused on all the right things: identifying a ‎challenge for the insurance industry, developing an innovative technical solution, making it ‎practical and scalable, getting it funded, and implementing it. The industry for which InsurTech ‎seeks to develop and deliver solutions is awash, however, in requirements and restrictions related ‎to the collection, use, sharing, and protection of data.‎…
Read More What Every InsurTech Should Know About Privacy and Cybersecurity

You have now raised capital initially using a Convertible Promissory Note and soon, your Series A Preferred Stock; you now have a Board of Directors with three members – and there may be five including one or more Independent Directors; you are further expanding your management team – and have established an Option Plan under which you can issue both ISOs and NQSO.
Read More What Every InsurTech Should Know About Accountants

On 25 March 2014, the Government of the Hong Kong Special Administrative Region (Hong Kong) signed an agreement with the Government of the United States of America (US) relating to the exchange of information relating to taxes. This is the first TIEA signed by Hong Kong. …
Read More Hong Kong Signed its First Tax Information Exchange Agreement (TIEA) With US

Taiwan is the second largest market in the Asia-Pacific region after Japan in terms of insurance density. However, it was reported by Asia Insurance Review on 28 August 2013 that the combination of persisting low interest rates, sluggish business growth, weak underlying profitability and increasing competition have driven Taiwanese life insurers to invest more in high risk assets, such as real estate, securities with higher potential profit margin and overseas assets. …
Read More Sluggish Growth of Taiwanese Life Insurance Business and Competition in the Industry

The China Insurance Regulatory Commission (CIRC) has issued a notice on its website on 29 September 2013. The notice sets out the eight areas in which the CIRC will provide support to the insurance sector in the newly launched Shanghai Free Trade Zone (FTZ). …
Read More China Insurance Regulatory Commission Provides Support to Insurers in the Shanghai Free Trade Zone

In 2002, Shanghai implemented the medical liability insurance system. Since then, more than 400 hospitals in Shanghai have participated in the system and 13,463 claims have been filed and recorded in the first 10 years following implementation. Among these claims, some of them have been successfully resolved, while many of the claims have not been dealt with satisfactorily. …
Read More Proposed Public Tender for the Coverage of Medical Liability Insurance Pool in Shanghai