China's CNY11.39tn ($1.59tn) asset-management trust market is on the verge of a structural change.
China's microfinance sector is undergoing a sharp contraction, with insurance-backed small-loan companies caught in the same squeeze.
These are the updates on insurance regulatory developments in China.
A former chairman of New China Life Insurance has been handed a death sentence with a two-year reprieve on corruption charges, according to a Reuters report that cited China's national broadcaster CCTV.
The Central Bank of the UAE (CBUAE) has issued Circular 1/2025 on the Representation Offices of Foreign Insurance Companies and Foreign Reinsurance Companies Regulation (Rep Office Regulation), according to Al Tamimi & Co.
The International Association of Insurance Supervisors (IAIS) has announced a new organisational structure on the committee level, alongside new leadership. The changes will be effective 1 January 2026.
In a circular letter, the Insurance Commission (IC), the regulator of the Philippines, ordered all insurance companies and related entities to undertake the following measures whenever a state of calamity is declared in the country:
The insurance regulator of Thailand, the Office of the Insurance Commission (OIC), has published the "AI Governance Guidelines 2025", which provides a regulating framework for the application of AI technology in the insurance sector.
The government plans to raise health insurance benefits to 100% of covered costs for near-poor households and those aged 75 and older who receive social pensions, reported the Vietnam News.
Backed by the Ministry of Health (MoH) and Bank Negara Malaysia (BNM), the health insurance Grievance Mechanism Committee (GMC) has been reactivated in the country.