Taiwan's plans to adopt IFRS 17 in 2026 has led to concerns over whether the Ministry of Finance will adjust the business tax rate and tax application methods of the financial industry.
The New Zealand Parliament has passed the Natural and Built Environment Act 2023 to repeal the Resource Management Act and enact a new regime for managing New Zealand's environment, says Mr Richard Flinn, a Wellington-based partner of the Australasian legal firm, Wotton + Kearney.
The Insurance Association of China (IAC) has for the first time released green insurance classification guidelines.
The National Administration of Financial Regulation (NAFR) has issued the "Measures for the Management of Insurance Sales Practices", which will be effective from 1 March 2024.
The Reserve Bank of New Zealand (RBNZ) has launched the final policy consultation on the review of the Insurance (Prudential Supervision) Act (IPSA) 2010.
Motor insurers are adhering to a circular issued last month by the Central Bank of the UAE (CBUAE), which warned them not to sell auto insurance policies at premium rates lower than the minimum limits stipulated in the unified motor insurance policy, industry executives say.
The Financial Regulatory Authority (FRA) has directed non-banking financial institutions, including insurers, to adhere to new governance rules.
The Financial Services Council (FSC) has announced that responsibility for the Life Insurance Code of Practice (Life Code) will be transferred to the Council of Australian Life Insurers (CALI) on 29 September 2023.
The Insurance Authority (IA) has rolled out the Open Application Programming Interface (API) Framework (the Framework) and the Central Register for the insurance sector, providing guidance and necessary facilitation to market participants as they implement Open API.
Oman's Capital Market Authority has issued a decision to adopt regulations covering online insurance operations. The new rules present a regulatory and legislative framework for digital insurance services in the Sultanate.