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International

Insurance guidelines in Asia-Pacific region increasingly sophisticated: S&P

October 17, 2014 Reprints

Standard & Poor's Corp. has said in a recent report that insurance regulatory initiatives in the Asia-Pacific region are becoming more sophisticated as the sector develops, Asia Insurance Review reported.

The ratings agency said Australia and Singapore are at the top in terms of regulatory sophistication, while Japan is likely to come closer with time. However, an S&P analyst said that the region as a whole "lags behind Europe, the US, and Canada in regulatory oversight."

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Insurance guidelines in Asia-Pacific region increasingly sophisticated: S&P

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