The National Insurance Commission (NAICOM) has directed insurance companies to settle all outstanding claims by 31 December 2024, in a move to ensure industry credibility and sustainable growth.
Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC), has signed a Memorandum of Understanding (MoU) with Casablanca Finance City Authority (CFCA), the managing entity of Casablanca Finance City (CFC) in Morocco.
Tourists visiting in Bahrain will soon need to include health insurance as part of their visa application process, with an additional fee to cover emergency and accident-related care.
The Ministry of Transport (MOT) will look at the implications of making car insurance compulsory for private car passengers.
Finance Minister Ms Sihem Boughdiri Nemsia last week announced the establishment of the Tunisian Agency for the Fight against Fraud in the Insurance Sector.
Bank Negara Malaysia (BNM) requires insurers and takaful operators (ITOs) to review their current repricing strategies following concerns raised by policyholders regarding recent increases in the premiums of medical and health insurance and takaful (MHIT) products.
Four government bodies have jointly issued the "Notice on Promoting Accurate Insurance and Claims Settlement for Agricultural Insurance and Related Matters" to elevate standards in agricultural insurance.
AIA Group has announced that AIA China has received approval from the National Financial Regulatory Administration (NFRA) Zhejiang Bureau to begin preparations to establish a new branch in Zhejiang province.
The National Financial Regulatory Administration (NFRA) and the Monetary Authority of Singapore (MAS) have reaffirmed their commitment to strengthen supervisory cooperation at the annual MAS-NFRA Supervisory Roundtable.
The future looks promising for the life insurance industry in India with several changes that will transform the way the industry conducts its business and engages with customers, says the India Brand Equity Foundation (IBEF).