IRDAI chairman Debasish Panda is pitching for 100% foreign direct investment (FDI) in the insurance sector, saying a huge amount of capital is needed to achieve the goal of 'Insurance for All by 2047'.
The Financial Supervisory Commission (FSC) has proposed relaxing restrictions on discretionary investment arrangements by insurance companies to invest in interested parties.
The Australian Prudential Regulation Authority (APRA) is studying ways to promote general insurers' access to reinsurance, including alternative reinsurance arrangements.
The Insurance Commission (IC) is seeking other agencies to oversee the health maintenance organisation (HMO) sector.
The South African government is exploring options for purchasing insurance for certain climate-related disaster events, where such a practice would not undermine Budget sustainability.
Health insurance premiums in the northern emirates in the UAE will be priced as low as AED350 ($95.30) per year per person, when the mandatory scheme takes effect on 1 January 2025.
Beijing BNP Paribas Tianxing Property and Casualty Insurance Co has received approval from the National Financial Regulatory Administration (NFRA) for its establishment.
Kenya's Court of Appeal last week upheld the High Court's decision to quash the Motor Insurance Underwriting Guidelines issued by the Insurance Regulatory Authority (IRA) in 2009.
The Securities and Exchange Commission of Pakistan (SECP) has broadened the eligibility criteria for the position of chief financial officer of an insurance company.
Amid the growth in demand for reinsurance, driven by four major transitions - climate, energy, digital, and demographic - Singapore will reinforce its status as Asia's leading reinsurance hub through several approaches, according to Singapore deputy prime minister, minister for trade and industry and chairman of the Monetary Authority of Singapore (MAS) Gan Kim Yong.