The Monetary Authority of Singapore (MAS) has started a consultation exercise on proposed new requirements on recovery and resolution planning (RRP) and its plans to extend the statutory bail-in tool to the insurance sector and impose temporary stays on reinsurers' termination rights.
The intergovernmental Road Safety Data Sharing Agreement is being finalised, which will see, for the first time, an agreed methodology and timeframe for collecting data and national reporting across states and territories in Australia, Ms Carol Brown, Assistant Minister for Infrastructure and Transport.
The Saudi Central Bank (SAMA) has launched a public consultation exercise on draft amendments to the Comprehensive Motor Insurance Rules.
The Turkish Catastrophe Insurance Pool (TCIP) has taken action to provide more convenience to policyholders by requesting that they file disputes with the Union of Chambers and Commodity Exchanges of Turkey (TOBB) UYUM Mediation and Dispute Resolution Centre.
The insurance law will be amended to support the vision of the "Century of Turkiye", a plan encompassing sustainability, science, technology, peace, stability, and power, which fosters proactive transformation both domestically and internationally, Mr Mehmet Akif Eroglu, the chairman of the Insurance and Private Pension Regulation and Supervision Agency (SEDDK), has said.
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.