The National Insurance Commission has held a workshop for the Joint Task Force on Enforcement of Compulsory Insurance in the Federal Capital Territory (FCT) as a pilot scheme.
CIMA (Inter-African Confederation of Insurance Markets) and insurance and reinsurance companies in the CEMAC zone have held a meeting with the Bank of Central African States (BEAC) concerning difficulties encountered in implementing foreign exchange regulations officially instituted by the central bank since 1 March 2019.
The House of Representatives has asked for a study to be conducted on capital requirements for establishing insurance companies and comparing them with standards in other markets, Mr Hesham Ramadan, assistant to the chairman of the Financial Regulatory Authority (FRA).
Dubai Sports Council (DSC) has announced that insurance will be mandatory for sports events, beginning on 1 September 2022.
The Central Bank of Bahrain (CBB) has launched a survey through its website to evaluate clients' satisfaction with an initiative involving insurance companies handling mutually-resolved minor accidents.
The insurance regulator has asked insurance companies to emulate the banking industry's strategy for financial inclusion. Under this strategy, companies would adopt individual states as lead insurers.
Turkiye's insurance association is in talks with the country's Treasury on a potential inflation-indexed bond issue, the group's head told Reuters, as insurers seek a new mechanism to protect their capital from soaring inflation.
The Thai government will stop covering medical expenses of COVID-19 patients outside their normal entitlement starting from today unless their condition is critical.
Life insurer La Marocaine Vie has launched its new wholly-owned takaful subsidiary called Al Maghribia Takaful that is licensed to carry out family takaful, investment takaful, and general takaful operations.
The Australian Prudential Regulation Authority (APRA) said yesterday that it had finalised amendments to the prudential framework for general insurers to support the operation of the government's cyclone and related flood damage reinsurance pool, which will be administered by the Australian Reinsurance Pool Corporation (ARPC).