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).
To counter high medical inflation, the Financial Services Authority (OJK) is planning several initiatives for the health insurance market in Indonesia, the chief executive of the Insurance, Guarantee and Pension Fund Supervisory Division of OJK, Mr Ogi Prastomiyono, has said.
The Indian government plans to amend insurance laws in the ongoing session of Parliament to facilitate a unified licence for insurers and raise the foreign direct investment (FDI) limit to 100% from the current 74%, reported Reuters quoting two government sources.
The Australian government has announced a package of reforms in response to the feedback received from the "Superannuation in Retirement" consultation, to ensure the superannuation system will better support Australians' needs.
China's motor insurers are being plagued by companies offering vehicle pool coverage and deceiving consumers by exploiting the names of big-brand insurers such as Ping An and Taikang.
Intense competition is reshaping the insurance landscape in India, with the IRDAI's plan to issue more than 20 new licences expected to further disrupt the market, says global consulting firm McKinsey & Company.
The Securities and Exchange Commission of Pakistan (SECP) has re-joined the International Organisation of Pension Supervisors (IOPS) as a Governing Member, marking a pivotal step in Pakistan's commitment to strengthening the pension sector.