The CBIRC has issued regulations to allow insurance funds to deal in treasury bond futures, restricting transactions to hedging and barring speculation.
The CBIRC will launch a three-year action plan to introduce agricultural insurance risk zoning, according to Mr Liang Tao, CBIRC vice chairman.
The Shanghai police has detained 71 suspects for allegedly defrauding insurance companies. Two insurers were defrauded over CNY16m ($2.3m), authorities say.
The New South Wales government's Federal Financial Relations Review has recommended the replacement of all specific taxes on insurance policies with broad-based taxes, such as a land tax, to improve insurance affordability and uptake.
The government plans to launch a cashless treatment scheme for road accident victims with a cap of INR250,000 ($3,300) per case, to ensure that victims have immediate medical care.
The Insurance Council of New Zealand (ICNZ) is calling on political parties to back volunteer and paid firefighters by funding them appropriately for their services much like the police are funded.
Lane Clark & Peacock LLP (LCP), a leading UK firm of consulting actuaries, in its new report released in June 2020 has found a big change in the risks which most concern the insurance industry.
The Monetary Authority of Singapore (MAS) has issued a set of three consultation papers on its proposed guidelines on environmental risk management for banks, insurers and asset managers, the regulator announced in a press release.
The Attorney General's Office (AGO) has named 13 asset management companies and a Financial Services Authority (OJK) official suspects in a case of alleged corruption and money laundering involving state-owned insurer Asuransi Jiwasraya.
The Financial Regulatory Authority (FRA) has reached an agreement with a consulting firm to draw up Egypt's first actuarial life table, according to its deputy chairman, Mr Reda Abdel Moaty.