BRIEFING - ASIA INSURANCE - SEPT 29, 2009

An executive briefing on insurance for Sept 29, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

CIRC ISSUES NEW RULES FOR CHINA'S INSURERS

BEIJING - The China Insurance Regulatory Commission (CIRC) on September 27 issued the amended Regulations on the Administration of Insurance Companies, as part of the move to strengthen supervision over insurance organizations.

The new regulations will take effect as from October 1, 2009.

BANGLADESH'S PRAGATI INSURANCE DECLARES 10% DIVIDEND FOR 2008

DHAKA - Bangladesh's Pragati Life Insurance Limited Sunday declared 10 percent dividend for its shareholders for the year 2008.

The declaration came from its 9th Annual General Meeting (AGM) held at the Jamuna Resort Ltd in Tangail.

CHINA INSURANCE REG. COMMISSION ISSUES NEW RULES FOR INSURERS

BEIJING - The China Insurance Regulatory Commission (CIRC) on September 27 issued the amended Regulations on the Administration of Insurance Companies, as part of the move to strengthen supervision over insurance organizations.

The new regulations will take effect as from October 1, 2009.

GREATER MEKONG GOVERNMENTS INK MOU ON AUTO INSURANCE

BANGKOK - Representatives of the Greater Mekong Sub-Region (GMS) countries -- Cambodia, Laos, Thailand and Vietnam --signed a cooperation agreement in Bangkok on Sept. 24 on compulsory insurance for cars in transit.

The document will facilitate the process of buying insurance for cars travelling across the border of GMS countries.