The National Financial Regulatory Administration (NFRA) yesterday issued a circular titled "Guiding Opinions on Further Improving the Level of Financial Services for the Elderly", to make financial services more elderly-friendly, develop the silver economy, enhance the welfare of seniors and improve the level of financial services for the elderly.
New Zealand has modernised its insurance legislation with the passing yesterday of the Contracts of Insurance Bill and the Contracts of Insurance (Repeals and Amendments) Bill, providing consumers with significant new safeguards.
The Insurance Culture and Conduct Steering Committee (ICCSC) yesterday announced the launch of its new action plan to strengthen trust in Singapore's insurance industry.
Financial institutions, including insurers and banks, will be required to pay a corporate tax rate of 40%, the government is proposing in the draft Finance Law 2025 (PLF 2025).
The impact of recent legislative changes that have made climate disclosure mandatory in Australia will be wide-ranging, according to Xceedance, which provides insurance-focused consulting, technology, operations and data solutions. Businesses are being encouraged to prepare for the likely impact.
Life insurers and megabanks in Japan are increasing exposure to private credit and equity overseas, primarily in the US, to boost returns, says Moody's Ratings.
AIA China has received approval from the National Financial Regulatory Administration (NFRA) Chongqing Bureau to begin preparations to establish a new branch in the Chongqing Municipality, a strategic and major market equivalent to a province, AIA Group says in a statement.
The Federal government has initiated a strategy to ensure that millions of uninsured Nigerians would have financial protection.
The Insurance and Social Welfare Supervisory Authority is preparing to launch a strategic study to review the mutual insurance sector in Morocco.
The Financial Regulatory Authority (FRA) has formed specialised committees and working groups to prepare and draft executive controls and decisions for the insurance industry, alongside holding an open dialogue with all relevant parties on new regulations.