New Zealand life insurers are more profitable than their peers in many developed OECD countries, with return on equity higher than the median and a low claim ratio, according to a paper by Jinny Leong and Adrian Allottm carried in the Reserve Bank of New Zealand Bulletin.
China has issued a temporary reimbursement policy to ensure patients with pneumonia caused by the newly discovered coronavirus, called 2019-nCoV, will receive timely and thorough treatment, reported the Xinhua News Agency.
Senior attorney-at-law and President's Counsel, Mr Razik Zarook, has been appointed as the chairman of the Insurance Regulatory Commission of Sri Lanka.
The insurance regulator, the Office of Insurance Commission (OIC), is engaged in a consultation exercise aimed at obtaining views from stakeholders on proposals that would increase the competitiveness of Thailand's insurance industry and help it respond to national and global economic conditions.
Fiji's Insurance Act 1998 is more than 20 years old and needs to be updated, the governor of the Reserve Bank of Fiji, Mr Ariff Ali, has said.
The Ministry of State-Owned Enterprises (BUMN ) has said that the government is currently drafting regulations to govern the establishment of an insurance holding company in the state-owned sector.
The CBIRC has issued new measures for handling issues raised by whistleblowers, with the rules taking effect from 1 March 2020.
Jordan's Minister of Health, Dr Saad Jaber, has announced that the proposed comprehensive health insurance system in the kingdom is scheduled to start in March.
The head of the insurance regulator IRDAI has said the health insurance industry should not indulge in predatory pricing which would harm the industry and policyholders and make businesses unviable.
The National Insurance Board (Dewan Asuransi Indonesia or DAI) has agreed with steps taken by the Financial Services Authority (OJK) to tighten supervision of risk management in the insurance sector.