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06.04.2020 | Hui Lin Chiew | Covid-19, Malaysia, Prudential
In light of the ongoing Covid-19 situation, regulators worldwide have been forced to respond quickly in terms of prudential and consumer protection measures, as well as operational relief. To date, prudential measures have been observed to be stronger in the banking sector. The scale of impact on the solvency positions of the insurance sector is still unfolding, and so most insurance supervisors are currently closely monitoring insurance assets and liabilities, investment portfolios and liquidity, all the while maintaining constant engagement with insurers.
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