The Federal Government has officially inaugurated the Insurance Policyholders' Protection Fund (IPPF), which is established under the newly enacted Nigerian Insurance Industry Reform Act 2025. The Fund acts as a critical shield designed to safeguard policyholders in the event of insurer distress or failure.
Pakistan's Federal Government has introduced the Insurance Bill, 2026, in the National Assembly to make insurance services simpler, faster and more accessible for citizens through digital platforms.
The Rwanda Agriculture and Animal Resources Development Board (RAB) has launched a subsidised insurance scheme for greenhouse agriculture. It aims to protect farmers against climate-related catastrophes and attract investments.
Indonesia's Financial Services Authority (OJK) has extended the deadline for insurance companies to submit audited financial reports under Financial Accounting Standards Statement (PSAK) 117, citing the need for additional implementation time among some insurers.
India's finance ministry has instructed state-run banks, insurers and financial institutions to implement cost-cutting measures, including tighter controls on travel and a phased shift towards electric vehicles, according to an order reviewed by Reuters, reported The Star.
The Philippine insurance industry's penetration rate increased to 2.03% in the first quarter of 2026, up from 1.89% a year earlier, driven by sustained growth in assets, premium collections and benefit payments, according to regulator data.
The Tanzania Insurance Regulatory Authority (TIRA) has discussed the establishment of a regulatory sandbox for the insurance sector to support the safe testing of new innovations.
Fawry for Banking Technology and Electronic Payments (Fawry), a company which operates a digital-only financial services platform, has obtained a third-party administrator (TPA) licence in Egypt through its subsidiary Treemed TPA, marking a decisive expansion into healthcare services.
African regulators and development finance institutions are working on frameworks that could unlock more domestic capital for regional infrastructural projects, according to Dr Corneille Karekezi, the Group Managing Director of Africa Re.
The 2026 first-quarter solvency reports of China's life insurers indicate that the sector has largely successfully navigated the full implementation of solvency requirements under the China Risk-Oriented Solvency System (C-ROSS) Phase II.