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.
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.
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.
The Insurance Authority has launched a proposal to amend an article in the Executive Regulations of the Cooperative Insurance Companies Control System.
The Insurance & Pensions Commission of Zimbabwe has called for the intensification of ongoing efforts to coordinate and harmonise insurance supervision frameworks in the African continent. Commissioner Dr Grace Muradzikwa said this is all the more important as the continent moves toward deeper economic integration under the African Continental Free Trade Area.
The Financial Regulatory Authority (FRA) has issued a decision regulating the work of the "Committee for the Protection of Clients and Settlement of Disputes in Insurance".
The New South Wales state government in Australia has proposed to outlaw the deceptive practice of insurance claims farming. It introduced earlier this month a new legislation in the state parliament with an aim to outlaw this practice for compulsory third party (CTP) claims.
The Financial Regulatory Authority (FRA) has issued a resolution regarding the rules and standards regulating the practice of healthcare management operations in Egypt.