The central government has formed a panel to evaluate the design and implementation of its flagship health insurance scheme, Ayushman Bharat, and to propose improvements.
The future of the insurance industry hinges on its response to several tough questions, according to APRA executive director of insurance Sean Carmody.
The Philippine Insurance Commission (IC) has issued a circular, mandating insurance and reinsurance companies to adopt Philippine Financial Reporting Standard 17 (PFRS 17) on insurance contracts, which is aligned with IFRS 17.
The preliminary draft law on insurance, which is currently being finalised, will make it possible to further diversify insurance products and systems, with an emphasis on financial inclusion, in particular via takaful, management of new risks, while giving a large place to digitalisation, the secretary-general of the National Insurance Council (CNA), Mr Abdelhakim Benbouabdellah, has affirmed.
The Monetary Authority of Singapore (MAS) will be updating its Guidelines on Fair Dealing in the coming weeks, according to Ms Ho Hern Shin, deputy managing director (Financial Supervision) of the Monetary Authority of Singapore.
There has been a sharp decline in the number of Australians covered by group insurance through superannuation, according to a research report by the Association of Superannuation Funds of Australia (ASFA) which was released last month.
Pension insurance companies in China are focusing on core long-term pension business as they run off personal short-term products or fund management operations.
Stronger financial support is to be given to high-quality economic development, including improving the pricing mechanism for new-energy auto insurance, Mr Li Yunze, head of the National Financial Regulatory Administration (NFRA).
The Securities and Exchange Commission of Pakistan (SECP) has been holding separate meetings with life and non-life insurance companies to seek their input on the digitalisation of the insurance sector in Pakistan.
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) will hike premiums for compulsory motor third-party liability insurance (also called traffic insurance) based on the damage cost index, starting in May 2024.