The DIFC Insurance Association (DIFCIA) has announced the appointment of Mr Ahmed Rajab, Founder and CEO of SHIELDS Miller (formerly SHIELDS Reinsurance Brokers), as Chairman of the Association.
The Financial Regulatory Authority (FRA) has directed insurance companies to enhance the disclosure and transparency of insurance policies that include investment strategies related to gold or other investment assets, to ensure clarity regarding the nature of insurance products, the benefits and risks to customers.
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK) has expanded its "My Private Insurance" page on the e-Government platform.
The Insurance Regulatory Unit (IRU) has given insurance companies under its supervision to submit data on the number and percentage of national workers employed in the insurance sector, in accordance with an approved reporting model.
A 42% spike or KRW37.5bn ($27.9m) in unpaid health insurance premiums by foreigners and overseas Korean has triggered calls for tighter residency checks and enforcement, reported Korea JoongAng Daily.
The Financial Services Agency (FSA) plans to issue a partial business suspension order against Prudential Life Insurance in response to a series of customer fund misappropriation cases.
The Central Bank of Jordan (CBJ) is currently working to develop regulatory frameworks for licensing digital insurance platforms and updating the legal framework governing online insurance operations.
Australia's first comprehensive Resilience Index has revealed that insurance coverage is the key driver of overall resilience. However, over 20% of Australians still face significant vulnerability driven by financial insecurity.
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK) has published a circular clarifying the scope of fire insurance and how coverage and premium amounts should be displayed in policies.
The National Financial Regulatory Administration (NFRA) and the Ministry of Commerce have jointly issued the "Notice on Strengthening Coordination Between Commerce and Insurance and Improving Work Related to Domestic Trade Credit Insurance".