Sasria SOC, a state-owned non-life insurance company, is currently participating in engagements with government, regulators and other stakeholders on potential ways to expand its coverage, according to South Africa's Finance Minister Mr Enoch Godongwana.
The National Financial Regulatory Administration (NFRA) has said that it would issue supporting policies to promote the development of commercial health insurance, to meet the diverse health protection needs of the people.
Bancassurance sales personnel say that they encountered teething problems in the early stages of the implementation in August 2023 of rules on commission fees payable in bancassurance.
The Securities and Exchange Commission of Pakistan (SECP) yesterday proposed to increase the minimum paid-up capital requirement for insurance companies as part of its "Insured Pakistan" initiative.
The Financial Services Authority (OJK) is transforming its supervisory work in the insurance, guarantee and pension fund sector, by implementing an early intervention system and other changes.
The Insurance Authority and the Ministry of Human Resources and Social Development (MHRSD) have launched a new insurance service to protect the rights of expatriate workers in the private sector.
The Financial Supervisory Commission (FSC) has loosened regulations to allow natural persons connected to insurance companies to purchase long-term corporate bonds with a maturity of more than 10 years issued by the insurers to which they are related.
While the nature of motor insurance business varies from one Arab country to another, especially in terms of laws and regulations, all Arab motor insurance markets face common challenges that require taking prompt measures to control losses, said speakers at a recent webinar organised by the General Arab Insurance Federation (GAIF).
The UAE Ministry of Finance has updated its exemptions list for VAT payments, including group medical insurance costs.
Giving everyone the opportunity to access their own data openly, transparently, and securely by linking the data with the banking sector, which is the centre of financial services, will lead to the development of financial products and services that better meet consumer needs, according to the Office of Insurance Commission (OIC).