The Australian Prudential Regulation Authority (APRA) has made minor changes to reporting standard SRS 101.0 Definitions for Superannuation Data Collections, reporting standard SRS 553.0 Investment Exposure Concentrations and Valuations and reporting standard SRS 606.0 RSE Profile to align to the APRA Connect taxonomy and clarify reporting requirements.
Malaysia's insurance regulator, Bank Negara Malaysia (BNM), has appointed Encik Aznan bin Abdul Aziz as deputy governor for a three-year term, effective 1 April 2025, and Ms Cindy Siah as assistant governor.
The chairman of the Financial Regulatory Authority (FRA) Dr Mohamed Farid has emphasised the importance of establishing actuarial departments within insurance companies, given the vital role actuarial models and estimates play in assessing risks, pricing insurance products and enhancing insurance companies' financial stability.
India's first private sector reinsurance company is set to commence operations soon.
The Saudi Council of Health Insurance has issued a decision requiring all government healthcare facilities to contract with health insurance companies, with effect from 1 July 2025.
Initiatives and regulations introduced by the Insurance and Private Pension Regulation and Supervision Authority (SEDDK) has stemmed the use of fake surety insurance policies in the country, according to Insurance Association of Turkey (TSB) vice president Ahmet Yasar.
The Shura Council, the upper house of the National Assembly, has passed a proposal to make professional liability insurance compulsory in the healthcare industry.
Military personnel, government employees, and public-school teachers are barred from holding Chinese residency permits, as Beijing continues efforts to undermine Taiwan's sovereignty and blur Taiwanese identity, Mainland Affairs Council (MAC) Minister Chiu Chui-Cheng said.
RHB Investment Bank (RHB IB) believes that Malaysia's upcoming revision of private general practitioner (GP) consultation fees will not financially affect hospitals, as their pricing is governed by separate regulations.
The House of Representatives has passed the Nigerian Insurance Industry Reform Act Bill, 2025, following in the footsteps of the Senate that did so in December 2024. The vote last week took the Bill one step closer to being signed into law.