The Cambodian insurance industry will soon initiate steps to achieve stronger regulations and sustainable growth for the industry.
Three key Nat CAT protection gaps persist in South Africa, which are insufficient infrastructure coverage, underinsurance of covered assets, and disputed claims, according to a joint paper by the International Bank for Reconstruction and Development / The World Bank and the International Association of Insurance Supervisors (IAIS).
The Bahrain Institute of Banking and Finance (BIBF) has announced the launch of a fully online and self-paced course on Anti-Money Laundering (AML), designed specifically for professionals in the insurance sector in the Kingdom of Saudi Arabia.
The board of directors of Allied Cooperative Insurance Group (ACIG) has recommended an increase to the company's capital through a share offering with the suspension of rights issue shares.
The Indian federal government has directed the setting up of a multi-sector team to study the reasons behind the recent cloudbursts and flash floods in Indian hill state Himachal Pradesh.
While the potential for transformation with AI technology remains vast for the insurance companies, the current implementation is far from robust. It is a $450bn opportunity on the horizon, however, only 10% of insurance organisations have partially or fully deployed AI agents, and a further 20% are merely dipping their toes into pilot projects according to a new report by Capgemini Research Institute.
The Financial Supervisory Commission (FSC) of Taiwan will implement International Financial Reporting Standard 17 (IFRS17) "Insurance Contracts" in 2026, which will significantly change the presentation of accounting items in financial reports.
The Thai insurance regulator, the Office of the Insurance Commission (OIC) has instructed KWI Insurance to accelerate the increase of its paid-up capital to not less than THB30m by the end of July 2025.
The 2025 Renewable Energy Market Review by Willis explores how major pressures are changing the risks and opportunities for renewable energy companies in the year ahead. Major renewable energy epicentres are facing changing risks and insurance market conditions.
Protection gaps are widening particularly in cyber, climate change, ageing populations and urban mobility, according to bolttech CEO APAC Philip Weiner.