The Insurance and Social Welfare Supervisory Authority (ACAPS) has started the process of designing a gauge dedicated to monitoring the insurance penetration rate and the contributions of insurance players.
Ghana has reached an agreement with the country's insurers on a domestic debt exchange, taking it closer to completing this programme, a key factor in restoring economic stability and growth, reported Reuters citing the Finance Ministry.
The Ministry of Public Health (MoPH) has announced that the implementation of the first phase of the mandatory Health Insurance Scheme in Qatar will begin on 1 February 2023, with all visitors to the country required to have a health insurance policy.
The Office of Insurance Commission (OIC) is seeking to establish a certification system for medical centres so as to drive the insurance market by raising the standards and quality of services of medical facilities.
The Financial Supervisory Commission (FSC) has asked the Taiwan Central Depository and Clearing Corporation to establish an online retirement preparation platform to meet the needs of an ageing society through promoting protection, retirement investment and public welfare.
The CEOs of local insurance companies are urged to pay extra attention to risk management and market stability while refraining from over-expansion.
The Reserve Bank of New Zealand (RBNZ) yesterday published its Enforcement Guidelines and Investigation Guidelines, completing its enhanced Enforcement Framework.
The Vietnamese government has formulated the Strategy for the Development of Vietnam's Insurance Market to 2030, with the goal of developing insurance entities with strong financial capacity, management capacity approaching international standards, efficient operations and the ability to compete actively in domestic and regional markets.
The New Zealand financial services sector will be implementing some critical pieces of new legislation this year. The changes include the introduction of the full financial advice regime, the conduct regime for banks and insurers and the Climate Related Disclosure regime.
The Legislation and Opinion Bureau has issued a fatwa stating that the entity that bears the payment of the monthly premium to the insurance fund that provides coverage againstmedical and health liability errors is the place where the health service is provided and not the employee who works for that entity.