The South African government is exploring options for purchasing insurance for certain climate-related disaster events, where such a practice would not undermine Budget sustainability.
Health insurance premiums in the northern emirates in the UAE will be priced as low as AED350 ($95.30) per year per person, when the mandatory scheme takes effect on 1 January 2025.
Beijing BNP Paribas Tianxing Property and Casualty Insurance Co has received approval from the National Financial Regulatory Administration (NFRA) for its establishment.
Kenya's Court of Appeal last week upheld the High Court's decision to quash the Motor Insurance Underwriting Guidelines issued by the Insurance Regulatory Authority (IRA) in 2009.
The Securities and Exchange Commission of Pakistan (SECP) has broadened the eligibility criteria for the position of chief financial officer of an insurance company.
Amid the growth in demand for reinsurance, driven by four major transitions - climate, energy, digital, and demographic - Singapore will reinforce its status as Asia's leading reinsurance hub through several approaches, according to Singapore deputy prime minister, minister for trade and industry and chairman of the Monetary Authority of Singapore (MAS) Gan Kim Yong.
The Insurance Authority (IA) is enhancing its Guideline on Cyber Security by developing a Cyber Resilience Assessment Framework specifically for the insurance sector.
The Financial Regulatory Authority (FRA) has issued a directive requiring insurance companies to align their corporate documentation and operations in line with the recently enacted Unified Insurance Law.
Australian Securities & Investments Commission (ASIC) is urging financial services and credit licensees, including insurance companies, to ensure their governance practices keep pace with their accelerating adoption of artificial intelligence (AI).
The Insurance and Social Welfare Supervisory Authority (ACAPS) is studying the introduction of compulsory multi-risk home insurance in the country.