The Executive Yuan of Taiwan has approved a draft bill that would give individuals the option to opt out from having their National Health Insurance (NHI) records used for nonmedical purposes according to a report in The Taipei Times.
Nepal insurance industry has still to do a lot to make insurance easy, affordable and above all trustworthy for all according to Nepal Insurance Authority (NIA) executive director Sushil Dev Subedi.
On May 13, 2025, the Insurance Association of China (IAC) officially released the Standards for Age-Friendly Insurance Services, marking the first unified industry guideline for serving elderly policyholders.
These are the updates on insurance regulation across China this week.
South Korea's financial regulator, the Financial Services Commission (FSC), has said that financially troubled MG Non-Life Insurance Co's policy contracts will be transferred to five non-life insurers via a bridge insurance company.
The insurance sector in Jordan has huge potential, with active regulatory reforms that will strengthen insurers' performance, especially when backed by technological developments, which will open the door for the country to become a regional hub, the governor of the Central Bank of Jordan said.
Reducing state government taxes in Australia is perhaps the best and fastest way to bring relief for the insurance customers who are burdened by higher insurance premium in the aftermath of rising natural disasters according to QBE chairman Mike Wilkins.
Indian government's e-marketplace facilitated insurance of more than 13m individuals covering health, life and personal accident insurance policies in the financial year 2024-25.
The president of the Senegalese Federation of Insurance Companies (FSSA) has called for more appropriate regulations, tax exemption for life insurance products, the expansion of bancassurance and microinsurance and intensified financial inclusion efforts. The objective is to foster the development of the insurance market, particularly life insurance.
The Saudi insurance sector is projected to maintain a positive and strong growth trajectory in 2025, with top-line revenue growth forecast to fall in the double-digit zone, says the Insurance Authority (IA).