These are the updates on insurance regulatory developments in China.
There are significant barriers that impact both the resilient construction of new housing, and the adaptation of existing properties, says the Actuaries Institute in a submission to the Productivity Commission.
Vietnam has affirmed the private sector as the most crucial engine of the national economy, opening up opportunities for the insurance market among several industry sectors.
With an average of over 3m tourists visiting the country every month in 2024, Japan has proposed some major changes to entry rules, including mandatory health insurance for all international tourists.
The latest review of insurers' claims handling practices by the Australian Securities and Investments Commission (ASIC) has found that while insurers implemented programmes to improve claims handling functions in recent years, and some progress has been made, there is still significant room for further improvement.
The current financial health of country's National Health Insurance Scheme (NHI) does not require the health insurance premiums to be raised. According to a report by the Central News Agency country's minister of health and welfare Chiu Tai-yuan has said despite speculation in the media about financial pressure on the health budget, there is no requirement to raise the health insurance premiums currently.
As of April 2025, cumulative personal pension deposits in Shanghai have exceeded CNY18bn ($2.48bn), with an average per capita contribution of around CNY10,000 - the highest in China, according to the city's Ministry of Human Resources and Social Security.
These are the updates on insurance regulation across China this week.
A Bill has been submitted to the Turkish Grand National Assembly to amend the Highway Traffic Law, which when passed will make motor third-party liability insurance compulsory for electric scooters.
In order to test new technology-based financial products and services in a controlled environment and establish a legal framework tailored to the characteristics and specifics of these products and services, amendments to the "Regulatory Sandbox Framework" were jointly approved by the Financial Regulatory Commission's chairman, the minister of finance and the governor of the bank of Mongolia by Joint Decree No. 124/75/A-86.