To ensure the safety and efficiency for the risk management and prevention for insurers, the Insurance Regulator of Cambodia (βIRCβ) enforces a new guideline, namely βGUIDLINE NO. 041 ON REINSURANCE DIVERSIFACITIONβ issued on 6 August 2024, (βGUIDELINE NO. 041β) that regulates specifically the reinsurance diversification and provides further enforcement guideline.
View the full alert here.