Australia's Federal Court has ordered Hollard Insurance Partners (Hollard) to pay a A$2m ($1.4m) penalty after the insurer admitted to serious claim-handling failures that left a Victorian family living in appalling conditions, with their home ultimately deemed a total loss.
Insurance regulators are tightening rules for asset-intensive reinsurance while promoting alternative forms of insurance risk transfer.
Thailand's National Disaster Insurance Policy, under the government's 'Disaster Insurance for the People Project' is facing its first test with flash floods in Lamphun Province and windstorms in Chiang Mai Province, that occurred on 5 October 2026 following heavy rainfall. Coverage for 30m households nationwide under the government initiative began on 1 October 2026.
Insurance intermediaries are asking for a grace period of at least two years to develop supplementary insurance coverage in the transition to the the mandatory health insurance system (AMO), overseen by the National Social Security Fund (CNSS).
The Insurance Bureau (IB) of the Financial Supervisory Commission (FSC) has announced that it will issue a ruling to explicitly permit insurance companies to invest in businesses related to health promotion, long-term care (LTC) facilities and age-inclusive services, categorising them as "health and well-being businesses."
The Finance Law 2027 (PLF2027), approved by the Council of Ministers, proposes the establishment of a new independent authority for insurance regulation in Algeria, to be called the Insurance Regulatory and Supervisory Authority.
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK) is carrying out data-driven audits to detect discrepancies between the declared number of branches and the actual transaction locations, as well as unregistered commission distribution.
The Insurance Regulatory Unit (IRU) has held a coordination meeting with the Ministry of Interior to discuss mechanisms for enhancing compliance with the provisions of the Insurance Regulation Law, executive regulations and decisions, in addition to other laws and legislation related to the insurance sector.
Sedgwick has appointed Mr Chris Gibson as Managing Director, Middle East, leading the region.
Thailand's regulator, the Office of Insurance Commission (OIC), is now enhancing the readiness of the insurance industry in the face of rising cyber threats, including digital attacks, the use of AI to discover vulnerabilities, attacks through external service providers and risks arising from increasingly interconnected digital ecosystems.