China's financial regulator has proposed new cybersecurity rules for insurers and banks that would strengthen executive accountability, tighten risk monitoring requirements and impose stricter penalties for failures in cyber incident management.
South Korea's Financial Services Commission (FSC) will establish an AI-powered insurance fraud prevention infrastructure as part of its broader financial sector reform agenda for the second half of 2026, with the measure aimed at strengthening the detection and prevention of insurance fraud.
The Insurance Council of Australia (ICA) will hold insurance consultations later this month for policyholders in Port Pirie affected by the severe storms that struck the region in late November 2025. It said this will allow residents to meet face to face with representatives from multiple insurers to discuss existing claims or lodge new ones as recovery efforts continue.
The Finance Committee of the Jordan Insurance Federation (JIF) is studying a proposed new model and guidelines for calculating the solvency margins of insurers.
The Financial Supervisory Commission (FSC) has proposed some amendments to regulations governing insurance brokers and agents, to enhance the convenience of purchasing insurance, simplify solicitation processes, promote international insurance business and strengthen the day-to-day supervision of insurance brokerages and agencies.
A Bill now being discussed by the Senate, when passed, will require all vehicles in Kenya to undergo an annual emissions test and certificates issued to compliant vehicles.
Saudi Reinsurance Company has obtained the Insurance Authority's approval to complete its acquisition of a strategic 22.5% stake in British company AdA Risk Holding, which owns the operating rights for Syndicate 2024 in the Lloyds insurance market.
The Insurance Authority (IA) has initiated a number of steps to improve sales practices within the industry.
The size of the insurance market in Central Africa is about $1.1bn, with a penetration rate of no more than 0.7%, indicating the enormous potential for growth, especially with increasing urbanisation and infrastructure development, said the Insurers Federation of Egypt (IFE).
The number of people killed in road accidents in Tunisia has increased by 10.3% since the beginning of the year, despite a decrease in the total number of accidents, according to statistics published by the National Road Safety Observatory.