The Ministry of Finance has revealed that the General Insurance Committee (CGA) had conducted on-site inspections to investigate why several insurance companies refuse to cover vehicles that are over 20 years old.
The Indonesian insurance industry is facing greater and increasing risks amid rising geopolitical tensions, according to the Indonesian Financial Services Authority (OJK).
Australia now has a new Internal Dispute Resolution (IDR) data dashboard for the financial sector that gives unprecedented access to consumer complaints data to Australians.
The Insurance Regulatory Authority's (IRA) announcement that it had placed three insurers under statutory management has drawn the ire of insurance agents.
Insurance funds and other private capital can be leveraged through market-oriented channels to replenish bank capital, according to Mr Li Yunze, Director of the National Financial Regulatory Administration (NFRA).
The annual meetings of the National People's Congress (NPC), which is China's legislature, and the Chinese People's Political Consultative Conference (CPPCC), the country's top advisory body, took place earlier this month during which several delegates discussed major insurance trends and issues.
The reform of new energy vehicle (NEV) insurance pricing is proceeding quietly, with the implementation of a second adjustment to the fluctuation range of the independent pricing coefficient.
The National Insurance Commission (NAICOM) has said that the deadline of 31 July 2026 for insurance entities to recapitalise their operations would not be postponed.
Underpricing constitutes a dangerous threat to insurers despite it being treated as a short-term competitive tool, according to Mr Hassen Khelifati, CEO of Alliance Assurances and First Vice President of the Algerian Union of Insurance and Reinsurance Companies.
The Financial Services Authority (FSA) has reviewed the key challenges related to insuring industrial facilities during a dialogue session with stakeholders, including insurance companies and owners of industrial companies.