Following up on moves that delegate the supervision of insurance companies to regional bureaux, the CBIRC has sharpened its supervision system by reorganising functions and duties of its departments at head office level.
The CBIRC yesterday issued its "Regulations on the Qualifications of Directors, Supervisors and Senior Managers of Insurance Companies (Draft for Comment)".
The Hong Kong government has proposed launching a two-year Pilot Insurance linked Securities (ILS) Grant Scheme to attract insurance enterprises or organisations to issue ILS in the territory.
The insurance regulator, the IRDAI, yesterday announced that it has constituted a 15-member committee to review its information and cyber security guidelines.
A proposal by a national lawmaker for all family planning restrictions to be lifted in the northeastern provinces of Heilongjiang, Jilin and Liaoning, which previously formed the industrial belt of the country, has attracted unenthusiastic responses.
The Insurance Board (IB) has ordered insurance companies to make mandatory investments in fields such as infrastructure, agriculture, water resources, and tourism.
The Financial Regulatory Authority has approved an application submitted by Orient Takaful Insurance-Egypt, to increase its paid-up capital to EGP250m ($16m) from EGP150m.
Bupa Arabia for Cooperative Insurance has announced that it has reached a final settlement agreement on the payment of zakat, income and withholding tax claims with the General Authority for Zakat and Tax.
A parliamentary question was filed by Member of Parliament Desmond Choo on trading fuelled by online discussions and social media chat groups.
China's first special regulation on the use, management and supervision of China's medical insurance funds. of medical insurance funds takes effect on 1 May.