The government is working to expedite legislation governing the insurance and pensions sector, Finance and Economic Development Minister Mthuli Ncube, has said.
The new Finance Act 2020, signed into law last month by President Muhammadu Buhari, eases the tax burden on the insurance industry, paving the way for more profitability for insurers.
The Federation of African National Insurance Companies (FANAF) has proposed the establishment of a guarantee fund to protect policyholders.
The Saudi Arabian Monetary Authority (SAMA) has issued its Rules Governing Insurance Aggregation Activities.
Healthcare providers in the UAE are facing serious challenges to the quality of their services to patients and sustaining their operations due to delayed payments from insurance companies.
The Chinese insurance regulator has ended its two-year takeover of Anbang Insurance Group, now known as Dajia Insurance Group, the CBIRC announced over the weekend.
In view of the recent novel coronavirus outbreak, the Insurance Authority (IA) last week announced a set of temporary facilitative measures to reduce the risk of infection from face-to-face meetings between intermediaries and their clients.
The IRDAI has asked insurance CEOs to review their products annually and cull poor selling policies.
State-owned insurer Asuransi Jiwasraya has claimed that the losses it suffered from investing in several questionable stocks exceed those of social insurer Asuransi Sosial Angkatan Bersenjata Republik Indonesia (Asabri).
The Department of Financial Services will soon write to the legislative and disinvestment departments to initiate the process for the proposed initial public offering of the country's biggest life insurer, a finance ministry official has said.