The National Insurance Commission (NAICOM) expects insurers to demonstrate tangible benefits from their stronger balance sheets, following the completion of an industry-wide recapitalisation exercise.
The 2026 profitability outlook of the insurance industry is subject to greater uncertainty than the 2025 results alone suggest, says the Insurance Authority in its "Saudi Insurance Market Report 2025" report.
Complaints about general insurance products and services in Australia remained persistently high during 2025-26, according to preliminary data released by the Australian Financial Complaints Authority (AFCA).
The Saudi insurance sector continued to expand in 2025, with gross written premiums increasing by 11% to SAR84.3bn ($22.5bn) compared to 2024, according to the Insurance Authority in its latest flagship yearly report, "Saudi Insurance Market Report 2025".
The Insurance Authority has adopted beneficial ownership guidelines and granted insurance companies a grace period to comply with the new requirements.
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.