The Thai government will stop covering medical expenses of COVID-19 patients outside their normal entitlement starting from today unless their condition is critical.
Life insurer La Marocaine Vie has launched its new wholly-owned takaful subsidiary called Al Maghribia Takaful that is licensed to carry out family takaful, investment takaful, and general takaful operations.
The Australian Prudential Regulation Authority (APRA) said yesterday that it had finalised amendments to the prudential framework for general insurers to support the operation of the government's cyclone and related flood damage reinsurance pool, which will be administered by the Australian Reinsurance Pool Corporation (ARPC).
The Dubai Health Authority (DHA), which regulates the health insurance sector in Dubai, has launched its "Ejadah" programme, the first-of-its-kind value-based healthcare model for the emirate.
A court has approved the extension of the restructuring exercise of the financially-stricken Founder Group till 28 December 2022, according to a statement issued by Ping An Insurance Group Company. The Beijing No. 1 Intermediate People's Court ruled to approve the extension.
The Indonesian Shariah Insurance Association (AASI) is urging the government to require collateral or guarantees to back the issuance of Islamic bonds or sukuk, so as to promote the development of the takaful sector.
A committee of Indian revenue officials attached to goods and services tax (GST) Council has turned down proposal to lower tax rate on premium related with all kind of insurance from life to health to motor third party.
There is a strong case for current caps on life insurance commissions to be retained and even raised slightly, says financial services company AMP.
Nigeria Liability Insurance Pool (NLIP) has called on the government to adopt policies to invigorate the nation's risk management industry's ability to underwrite big-ticket risks.
Liability insurance should be made mandatory for common areas in residential estates, says the chairman of Baskent Insurance Agencies Association Mr Haci Ali Yucel.