The Insurance Regulatory Authority (IRA) and Kenya Revenue Authority (KRA) have since 14 February 2025 been enforcing the law requiring Kenyan importers to obtain marine cargo insurance from local insurers.
According to local media, as of February 5, ten Chinese property insurance companies, including Asia-Pacific P&C Insurance, Qianhai Property Insurance, Hua'an Insurance, Bohai Property Insurance, Anhua Agricultural Insurance, and Dubon Insurance, have suspended new online insurance business.
These are the highlights for all events and updates across the industry this week.
These are the updates on insurance regulation across China this week.
Initially scheduled to come into force in January 2025, the implementation of mandatory motor third-party liability insurance has been delayed.
AI and AI regulation will continue play an important role in the Middle East's insurance sector, according to Norton Rose Fulbright's report, titled 'Insurance Foresight 2025'.
The Insurance Regulator of Cambodia (IRC) and Department of State-Owned Enterprises and Insurance Supervision (SOEI) signed a Memorandum of Understanding (MoU) at the Non-Bank Financial Services Authority Building in Phnom Penh, Cambodia, according to a media release from the IRC.
Egypt's Financial Regulatory Authority (FRA), has introduced new investment rules and ratios for the funds of insurance and reinsurance companies.
China's national financial regulator has issued the first-of-its-kind insurance guidelines for EVs and plug-in hybrids.
At the annual forum of the Universal Health Insurance, Egypt's Prime Minister Mostafa Madbouly reaffirmed Egypt's unwavering commitment to strengthening its healthcare sector.