On 3 October 2013, the European Commission published a consultation paper on crowdfunding in the EU. Crowdfunding is an emerging alternative form of financing for businesses or projects which connects those seeking financing with those who can, and wish to, invest, lend or give money. …
Read More European Commission Shows Support for Crowdfunding

On October 4, 2013, the Massachusetts Division of Insurance issued Bulletin 2013-09 (the “Bulletin”). Pursuant to the Bulletin, it is now permissible for producers and surplus lines brokers to charge fees to policyholders in addition to receiving commissions from insurers if:…
Read More Massachusetts Issues Bulletin Permitting Producers to Charge Fees

October 30, 2013

8:30 AM EST

Edwards Wildman Palmer LLP
750 Lexington Avenue, 8th Floor
New York, NY 10022 …
Read More Please Join Us – Edwards Wildman’s 2013 ILS Roundtable: The Convergence of Insurance and the Capital Markets – Complimentary Seminar – October 30, 2013

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