The Finance Ministry has recommended raising the agricultural insurance premium subsidy level significantly.
The Insurance Regulatory and Development Authority of India (IRDAI) proposes to implement Indian Accounting Standards (Ind AS) for all insurers with effect from 1 April 2026.
The Commissioner for Insurance and CEO of the National Insurance Commission, Mr Olusegun Omosehin, has emphasised the need for sustained collaboration among stakeholders to drive meaningful change in the insurance industry.
Prime Minister Li Qiang, in delivering the government work report at the opening yesterday of the annual National People's Congress meeting, highlighted several targets for the insurance industry.
Four Chinese government ministries or agencies have set out 20 measures to accelerate the high-quality development of sci-tech insurance that plays an important role in risk dispersion and financial support for technological innovation.
The Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA), and the Mandatory Provident Fund Schemes Authority (MPFA), in collaboration with the Hong Kong Cyberport Management Company Limited (Cyberport), announced on 5 March the launch of the GenAI Sandbox++ initiative.
The Pensions and Insurance Authority (PIA) has launched the Insurance Regulatory Sandbox for tech firms to test innovative products before they are rolled out in the market.
The Financial Services Commission (FSC) will establish a joint taskforce to monitor the ongoing armed conflict in the Middle East. This initiative aims to facilitate real-time information sharing among relevant authorities and maintain a 24-hour watch on evolving market conditions.
Chairman of Bangladesh's Insurance Development and Regulatory Authority (IDRA), Dr M Aslam Alam, has resigned from his post.
The Chinese government has issued new guidelines to accelerate the high-quality development of sci-tech insurance, among broader efforts to strengthen technological self-reliance.