Oman's insurance regulator, the Capital Market Authority (CMA), has urged insurance companies to provide electronic insurance services to their customers and suspend counter services, so as to curb the spread of COVID-19.
The Ministry of SOEs (BUMN) has said that payments of benefits and claims to customers of financially stricken state owned life insurer Asuransi Jiwasraya will start today.
Proposals have been raised to revise premium rates of the National Health Insurance (NHI) system for Taiwanese who work overseas and who have not contributed to the scheme.
The Islamic Financial Services Board (IFSB) has issued its "Exposure Draft on a Standard on Disclosures to Promote Transparency and Market Discipline for Takaful/Retakaful Undertakings (ED-25)" for public consultation.
The CBIRC has released the long-awaited "Interim Measures for the Management of Insurance Asset Management Products" that will take effect on 1 May.
The CBIRC is tightening its rules for the motor insurance market by issuing a directive for key personnel of motor insurance companies to avoid conflict of interests where their relatives operate or work in entities that have business dealings with the insurers.
The Beijing bureau of the CBIRC is the latest regulator at the local level to allow insurers to report the appointments of senior managers of insurance companies' branches instead of requiring the insurers to obtain the bureau's prior approval for the appointments.
South Korea's chief financial regulator has announced a number of new policy measures and reforms, including a measure to prevent parents who are estranged from their children from receiving insurance benefits on their children's death.
The Securities and Exchange Commission of Pakistan (SECP) has simplified submission requirements for registration of a new life insurance product or registering any changes to an existing product. The goal behind the move is to promote ease of doing business.
The government of Hong Kong has introduced a bill to amend its insurance regulation to allow for insurance-linked securities (ILS) such as catastrophe bonds to be issued. They are also looking to expedite the process given the uncertainty caused by the COVID-19 outbreak.