BNP Paribas Tianxing Property and Casualty Insurance Co has received approval from the National Financial Regulatory Administration (NFRA) to commence operations, a year after receiving licensing approval.
A total of 67 property insurers have disclosed their average motor insurance premiums per vehicle for the first nine months of this year, with an analysis showing that the highest stood at CNY5,700 ($805), while the lowest was CNY880.
Over its blitz to engage members of the public and raise awareness of insurance in the Northern Province, Sri Lanka's insurance regulator, the Insurance Regulatory Commission of Sri Lanka (IRCSL), iterated its commitment to upcoming initiatives.
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has amended a regulation aimed at reducing the financial burden on citizens with disabilities.
A new cross border digital vehicle insurance plan has been launched for travellers between Saudi Arabia and the UAE and will be available through familiar government digital platforms, enhancing convenience and digital adoption.
The Tunisian Unified Automobile Bureau (BUAT) paid out TND4.6m ($1.56m) in compensation to victims of road accidents involving foreign vehicles in Tunisia during the first half of 2025.
The New South Wales state government in Australia has proposed to outlaw the deceptive practice of insurance claims farming. It introduced earlier this month a new legislation in the state parliament with an aim to outlaw this practice for compulsory third party (CTP) claims.
The insurance industry in Tunisia reported gross direct premiums of TND3.1bn ($1.06bn) in the first nine months of this year (9M2025) against TND2.8bn in the corresponding period of 2024, a 11.5% increase, according to figures published by the regulatory authority, the General Insurance Committee (CGA).
These are the highlights for events and updates across the insurance industry this week.
The Philippine insurance industry recorded a 13.25% increase in total premiums as of the third quarter of 2025, according to data from the Insurance Commission (IC).