The Nepalese insurance regulator the Nepal Insurance Authority has commenced the publication of the industry's data and other statistics on a monthly basis.
The risk landscape for APAC insurance chief risk officers (CROs) has never been so complex, with the geopolitical and regulatory environments and new technology posing new challenges to compared with what CROs may have faced before, EY Asia-Pacific Consulting insurance sector leader, Mr Chng Tze Ping, said.
These are the updates on insurance regulation across China this week.
The Tanzania Insurance Regulatory Authority (TIRA) has issued a notification, directing that all energy-related insurance risks must be directly underwritten through the Tanzania Energy Coinsurance Consortium (TECC).
The Insurance and Social Security Supervisory Authority (ACAPS) has published a directive relating to the processing of death insurance claims, which is to take effect from 1 July 2025.
The Insurance Regulatory Commission of Sri Lanka has mandated the Chartered Insurance Institute's Advanced Diploma (ACII) as a minimum qualification to be held by at least one employee of any registered insurance brokerage.
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.