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.
More regulatory liberalisation, consolidation of regulations, and formation of a common software platform for health claims are some of the matters that will be discussed by the CEOs of the insurance companies with the sectoral regulator, said industry sources.
The China Securities Regulatory Commission (CSRC) has said that mutual funds with at least CNY50m ($7.48m) of assets over the past four quarters are eligible to participate in the country's pilot private pension scheme.
A committee for drawing up Egypt's first local life actuarial tables has completed a review of the proposed tables, according to Mr Hesham Ramadan, assistant to the chairman of the Financial Regulatory Authority (FRA). The new tables are expected to enter into use in the Egyptian life insurance market in early 2023.
The State Administration of Radio and Television and the Ministry of Culture and Tourism have issued jointly the Code of Conduct for live-streamers and online influencers who advocate products and services in professional fields.
The insurance industry is urging the Insurance Commission (IC) anew to postpone the mandated increase in their minimum capital set for this yearend, saying many companies are still far from meeting the higher requirement.