The IRDAI has modified guidelines on proportionate deductions under health insurance policies that will take effect from October. The goal is to reduce out-of-pocket expenses for policyholders.
Kyobo Life Insurance will be able to start selling insurance products in Myanmar by the end of next year after receiving business approval from the Myanmar government.
An Actuaries Institute Taskforce has made sweeping recommendations for broad changes to Australia's retail disability income insurance market to reset sustainability for a sector under threat.
The Bangladeshi government has appointed Dr M Mosharrof Hossain as chairman of the Insurance Development and Regulatory Authority (IDRA).
At least 20 insurance companies have secured the approval of their respective shareholders to proceed with their recapitalisation plans.
No country in Sub-Saharan Africa has seen a change in its overall risk rating, according to the September 2020 edition of Political Risk Quarterly Update by Aon.
The Kuwait Insurance Federation has asked the director of the College Court Clerks Department regarding the possibility of considering a specialist court to hear insurance cases.
The Financial Regulatory Authority (FRA) has decided to establish a digital platform that includes all auto maintenance workshops and agencies and vehicle inspection experts, according to Mr Ibrahim Labib, head of the compulsory auto insurance group and head of the motor committee of the Insurance Federation of Egypt.
The IRDAI has named three public sector insurance companies - Life Insurance Corporation (LIC), General Insurance Corporation (GIC Re) and New India Assurance - as 'too big or too important to fail' (TBTF) institutions or Domestic Systemically Important Insurers (D-SIIs) for the year 2020-21 fiscal year.
The Comprehensive Governmental Health Insurance Authority has formed a committee to study the proposals of the Insurance Federation of Egypt (IFE) regarding the participation of the private medical insurance industry in the country's universal health insurance system.