The UAE Insurance Authority has said that three new regulations will be introduced by the middle of next year, as it continues to improve legislation and regulation for the insurance industry.
Bahrain's National Health Insurance Scheme (Sehati) will be presented to the government in mid-2020 and implemented in the second half of next year at the earliest.
The Saudi Arabian Monetary Authority (SAMA) has released draft updated actuarial regulations for insurance and reinsurance companies, according to a statement issued by the financial regulator.
The CBIRC has issued its revised health insurance regulation that for the first time provides for health management services.
The CBIRC has removed administrative sanctions against ChangAn Property & Liability Insurance after the company injected funds to improve its solvency position. The move allows the company to resume normal business.
Global insurer Allianz has received approval from the CBIRC to commence operation of China's first fully foreign-owned insurance holding company. With this, Allianz will strengthen its proposition in the country and position the business to capitalise on the fastest growing economy in the world, the insurer said in a statement released yesterday.
Health insurance pricing is a process of discovery for insurers following the standardisation of exclusions that took effect on 1 October, according to Future Generali India Insurance's managing director and CEO, Mr Anup Rau.
China Life Insurance (Group) Co has announced that it had received a notice from its controlling shareholder, the Ministry of Finance, directing that a stake of 10% in China Life be transferred to the National Council for Social Security Fund (NCSSF).
The Cooperative Health Insurance Council (CHIC) has directed accredited health service providers in the kingdom to make monthly submissions of basic medical data of insured patients, with effect from January 2020.
The Hong Kong Insurance Authority (IA) will host its second Asian Insurance Forum (AIF) in the territory on 10 December 2019 with the theme "Connectivity and Innovation - The Key to Competitiveness and Inclusiveness".