The Ministry of Investment of Saudi Arabia (MISA), in coordination with the Ministry of Finance and the Zakat, Tax and Customs Authority (ZATCA) yesterday announced a 30-year tax incentive package for The Regional Headquarters (RHQ) Programme.
The UAE has issued a new insurance law that was published in the Official Gazette on 31 October 2023 and entered into force on 30 November 2023.
The Ministry of Investment, Trade and Industry (MITI) has introduced an initiative in the development of Malaysian Standard-Motor Vehicle Aftermarket Smash Repair Requirements (JSM MS).
The Taiwanese regulator's latest adjustments and transitional measures for interest-rate risk will ease the negative spread pressure on life insurers and help them to manage asset-liability duration gaps under the localised Insurance Capital Standards (TW-ICS) and IFRS 17, Fitch Ratings says.
The newly-formed Insurance Authority (IA) is drawing up a national insurance strategy, to serve as a a guide for the sector.
A package of incentives and tax measures must be provided to attract more insurance companies to list on the stock exchange, according to insurance industry players.
The Insurance Authority (IA) yesterday launched a six-week public consultation on the draft Insurance (Valuation and Capital) Rules and the draft Insurance (Submission of Statements, Reports and Information) Rules to tie in with the implementation of the Risk-based Capital (RBC) regime.
The Australian Prudential Regulation Authority (APRA) has licensed Ivory Insurance as a general insurer, according to a statement issued by the regulator.
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has published a circular regarding the premium/equity coefficient in compulsory motor third-party liability (CMTPL) insurance.
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has decided to terminate the duties of all current board members of two insurance companies, appoint new board members, and entrust the management of the companies' insurance portfolios to the Assurance Account (Guvence Hesabi).