The Financial Services Authority (OJK) plans to use stock market tools to step up its review of investments in the capital market by the non-bank financial industry (IKNB), to prevent unhealthy investment practices.
Officials in Saudi Arabia are working to expedite the completion of new insurance regulations which they hope will be passed this year, the kingdon's central bank governor said in an interview with Bloomberg TV.
China will allow qualified insurers and banks to participate in treasury bond futures trading on the China Financial Futures Exchange.
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.