The Financial Regulatory Authority (FRA) has granted an insurance brokerage licence to Secure Time Insurance Brokerage Company.
The Reserve Bank of New Zealand (RBNZ) is expanding its regulatory resources with a new standalone enforcement department focusing on compliance in the banking, insurance and anti-money laundering sectors, reported Reuters.
The government may hike the foreign direct investment (FDI) ceiling in the pension sector to 74% and a Bill in this regard is expected to be introduced in Parliament, reported Press Trust of India.
The Ministry of Health (MOH) has appointed a 12-member Multilateral Healthcare Insurance Committee (MHIC) to provide a platform for healthcare providers, payers, consumer representatives and the government to jointly address issues related to health insurance.
Recent mergers in the insurance sector show that the Saudi central bank's (SAMA) plans for the industry are moving in the right direction, said the bank's Governor, Dr Fahd bin Abdullah Al-Mubarak.
The Shura Council, or legislative body, has approved a draft law regulating healthcare services within Qatar, that also covers compulsory health insurance.
New Zealand has become the first country in the world to introduce a law that requires the financial sector to disclose the impact of climate change on their business and explain how they will manage climate-related risks and opportunities, says Commerce and Consumer Affairs Minister David Clark.
The IRDAI is allowing Indian insurance companies to invest in fund of funds (FoFs), a move seen as giving a boost to the private equity sector.
The insurance regulator, the National Insurance Commission (NAICOM), says that new corporate governance guidelines for the insurance industry will be implemented wef 1 June.
Motorists will be able to receive claims if they were involved in an accident during curfew hours, the insurance regulator has clarified.