The Life Insurance Department of the CBIRC is reported to have held a forum with the Insurance Association of China and representatives of more than 20 insurance companies to discuss liability costs and asset-liability management in the life insurance industry.
China's plan to centralise the supervisory agencies for most financial sectors should reduce regulatory gaps and support efforts towards a framework that can monitor and address risks more systematically across the financial system, says Fitch Ratings.
The insurance sector in Taiwan has the highest exposure to Credit Suisse at NT$108.2bn ($3.6bn) as of the end of January 2023, according to data from the Financial Supervisory Commission (FSC).
The Australian Securities and Investment Commission (ASIC) has highlighted several areas where superannuation trustees should be making meaningful improvements to deliver better insurance outcomes for members.
Bank of Baroda's 65%-subsidiary IndiaFirst Life Insurance has received approval from the Securities and Exchange Board of India's (SEBI) for an initial public offering (IPO).
South Korea's insurance and FinTech sectors will in April share their experience and discuss specific measures for expanding their operations from domestic to global.
Local insurers and regulatory authorities are holding discussions on drivers of foreign-licensed cars engaging in insurance evasion when they cross over to Kuwait.
The Tanzania Insurance Regulatory Authority (TIRA) will soon introduce new regulations that will allow it to suspend an insurer that undercuts premium rates, in its bid to ensure the market's sustainability.
Kaf Life Insurance has become the first Egyptian insurance company to transform from takaful to conventional insurance operations, the insurer says in a statement.
The Financial Services Authority (OJK) continues to strengthen the insurance industry by ensuring that industry players are ready to implement the Statement of Financial Accountant Standards (PSAK) 74 concerning Insurance Contracts starting 1 January 2025.