Tax authorities in several parts of China have started to apply personal income tax rates of 20% on returns from Hong Kong insurance policies, including dividend payouts and interest earned on prepaid premiums, according to a report by Reuters.
China's National Financial Regulatory Administration (NFRA) and the Ministry of Finance (MOF) have reached agreement on revised measures governing professional liability insurance for accounting firms, with the new rules expected to be issued soon.
Philippine Insurance Commissioner Reynaldo Regalado has been placed under preventive suspension by the country's graftbuster following a complaint filed by an insurance firm.
Heirs Insurance Group (Heirs) has met the National Insurance Commission's (NAICOM) recapitalisation requirements, with both Heirs General Insurance and Heirs Life Assurance included on the regulator's list of insurance companies that have satisfied the revised minimum capital requirements by the 31 July deadline.
Representatives from the Thai Life Insurance Association, Association of Life Insurance Agents and Financial Advisors and the regulator, the Office of the Insurance Commission, met to discuss communication strategies and promote public understanding of life insurance in the country.
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK) has redefined the procedures and principles regarding risk acceptance and management in surety insurance.
Cyber risk management is under intense scrutiny in South Korea, following a historic sanction by the country's Personal Information Protection Commission (PIPC).
The National Insurance Commission (NAICOM) has announced that the verified outcome of a recapitalisation exercise in the insurance industry indicates that 43 insurance and reinsurance companies successfully met prescribed Minimum Capital Requirements (MCR) by the statutory deadline of 31 July 2026.
Profitability in the insurance industry in Qatar remained strong and sustainable in 2025, according to the Qatar Central Bank (QCB) in its annual Financial Stability Report released last month.
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK) has published a circular, setting out that the authority, responsibility, and duties of claims investigators are limited solely to investigating insurance fraud and suspicious claims.