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LIFE PLANS NOT AFFECTED: BIA dismisses "absolutely" false claims over COVID-19 vaccine insurance coverage – Eye Witness News

LIFE PLANS NOT AFFECTED: BIA dismisses "absolutely" false claims over COVID-19 vaccine insurance coverage – Eye Witness News
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New Providence , Bahamas Insurance Association , புதியது ப்ராவிடெந்ஸ் , பஹாமாஸ் காப்பீடு சங்கம் ,

Op-Ed: Legal and compliance in the insurance industry — stakeholders of stability


By Derek Smith Jr
During a recent conversation concerning the complexity of the growing regulatory environment, one position held firm that legal and compliance professionals should be seen as partners in sustainability. Additionally, in the current economically complicated environment, insurers have been required to respond to new risks more successfully, make more substantial commitments and innovate to maintain their market share.
Authorities across the globe have been deploying appropriate safeguards through legislation to ensure the long-term viability of the sector. In The Bahamas, this is particularly true where the Bahamas Insurance Association (BIA) issued new onboarding requirements for general insurance. This notice essentially required a risked-based approach of all insured individuals irrespective of the type of insurance being procured and required accompanying documents aligned with the associated risk rating assigned to the policyholder. This amounted to ....

Derek Smith Jr , Global Economic Crime , Bahamas Insurance Association , Derek Smith , Economic Crime Survey , டெரெக் ஸ்மித் ஜூனியர் , உலகளாவிய பொருளாதார குற்றம் , பஹாமாஸ் காப்பீடு சங்கம் , டெரெக் ஸ்மித் , பொருளாதார குற்றம் கணக்கெடுப்பு ,