Oman's Financial Services Authority (FSA) has said that it has held discussions with insurance companies on developing a unified model for motor claims practices.
The South Korean Financial Supervisory Service (FSS) has decided to stop the deviant accounting practice applicable to domestic life insurers, including the country's biggest life insurer Samsung Life Insurance.
The Director General of the Nigeria Civil Aviation Authority (NCAA), Captain Chris Najomo, has urged aviation insurers to enhance compliance, resilience, and alignment with global best practices to safeguard Nigeria's skies.
Flooding in southern Thailand has so far affected around 2,800 vehicles, with numbers expected to rise as residents begin assessing damage to their homes and surrounding properties, said the Office of Insurance Commission (OIC).
Kenya's regulatory requirements for digital insurance are set to get stricter as the country's insurance regulator, Insurance Regulatory Authority (IRA) is drafting tougher requirements around cybersecurity, data protection and digital insurance oversight.
The World Bank's (WB) latest Financial Sector Assessment (FSA) report on India acknowledges that India's insurance sector development has been in line with the peers, says the insurance regulator IRDAI in a media statement.
The Australian government has introduced legislation banning the use of adverse genetic-test results in life insurance underwriting. The measure will apply to life insurance contract decisions made on or after the date of commencement.
Over its blitz to engage members of the public and raise awareness of insurance in the Northern Province, Sri Lanka's insurance regulator, the Insurance Regulatory Commission of Sri Lanka (IRCSL), iterated its commitment to upcoming initiatives.
All life insurers in South Korea will be able to launch products, enabling life insurance policyholders to have access to death benefits early in their retirement, by 2 January 2026, according to the Financial Services Commission (FSC).
The Insurance Regulatory Authority (IRA) has published a set of 13 draft regulations that propose to amend existing regulations or create new regulatory frameworks for the insurance sector.