The World Bank's board of executive directors has approved an $80m development policy credit for Nepal to strengthen the stability of the financial sector, including the insurance industry.
A call has been made on the government to form an independent insurance regulator to oversee the insurance industry.
Motor insurers posted a combined underwriting loss of TRY33bn ($1bn) in 2023 in the traffic (compulsory motor third-party liability) insurance branch, according to Insurance Association of Türkiye president Ugur Gulen. No company made an underwriting profit in the branch.
The Insurance Council of New Zealand (ICNZ) welcomes the first reading on 2 May 2024 of the Contracts of Insurance Bill, saying the overhaul of the legislation is well overdue.
The General Insurance Fund (GIF) is presenting a choice to holders of COVID-19 insurance policies who have lodged claims against insolvent insurers that collapsed under the weight of COVID-19 liabilities.
The Insurance Council of New Zealand (ICNZ) has endorsed findings that New Zealand needs to act decisively in the face of natural hazards risks to ensure insurance is affordable and available in the future.
The Insurance Development and Regulatory Authority (IDRA) has issued the "Insurance Claims Management Guideline, 2024", which is posted on the agency's website.
The Insurance Regulatory and Development Authority of India (IRDAI) held deliberations with insurance companies on the pricing and other modalities of the all-in-one affordable insurance product, Bima Vistaar.
The Insurance Commission (IC) and the Integrated Bar of the Philippines (IBP), the national organisation of lawyers, have signed an agreement to provide free legal assistance to the insuring public.
The Securities and Exchange Commission of Pakistan has proposed amendments to the General Takaful Accounting Regulations, 2019, allowing non-life insurers to present complete takaful results in financial statements.