The South Korean government will cover premiums for high-payout liability insurance so that medical staff in essential fields do not bear excessive compensation burdens in the event of medical accidents, reported the ChosunBiz.
Indonesia's Deposit Insurance Corporation (LPS) is finalising regulations to implement its expanded mandate as an insurance policy guarantor, in a move aimed at strengthening the financial sector and enhancing protection and legal certainty for policyholders. The scheme is targeted to take effect in 2027.
The Financial Regulatory Authority (FRA) has issued its decision on reinsurance requirements for insurance companies. The decision was published in the Official Gazette on 17 June 2026.
South Korean insurance regulator, The Financial Supervisory Service (FSS), has directed insurers to inform consumers about the changes to claim review standards and measures to strengthen internal controls in advance.
Six life insurance companies--China Life, Ping An Life, Taiping Life, Taikang Life, Taiping Life, and PICC Life--have been approved as the first batch of insurers to carry out Southbound Connect bond investments.
The illustrated interest rate for participating life insurance policies in China is set to be lowered, starting on 1 July this year.
The Insurance Council of New Zealand (ICNZ) has expressed its support for the government's review of the funding model for Fire and Emergency New Zealand (FENZ). It says the review presents an opportunity to create a more sustainable and equitable approach to financing the country's emergency services.
Insurance companies and other entities regulated by the Insurance Commission (IC) have been ordered to expedite the settlement of claims in areas declared under a state of calamity following the magnitude 7.8 earthquake that struck Mindanao.
Doctors and advocacy groups in South Korea have slammed a proposal to extend national health insurance coverage to common hair-loss treatments.
Nigeria's insurance regulator, the National Insurance Commission (NAICOM), has turned over the operations of African Alliance Insurance to a new Board of Directors and management team.