African insurance markets are undergoing a wave of regulatory modernisation, according to Kearney, a leading management consulting firm.
Morocco's Minister of Justice, Mr Abdellatif Ouahbi, has presented before the Justice and Legislation Committee of the House of Representatives a Bill relating to insurance compensation for victims of accidents caused by land vehicles.
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has published the amended Private Health Insurance Regulation in the Official Gazette which will enter into force on 1 January 2026.
The Financial Regulatory Authority (FRA) has revealed that it has received 10 applications for licences to offer specialised medical insurance and third-party administration (TPA) services, according to the chairman of the regulatory agency, Dr Mohamed Farid.
The Insurance Regulatory Authority (IRA) has published draft amendments, introducing insurance coverage for risks associated with cryptocurrency holdings. Under the proposed rules, the IRA is classifying "digital asset insurance" as a new subcategory of business.
The Financial Regulatory Authority (FRA) has issued a resolution that requires companies and entities engaged in non-banking financial activities to obtain cyber insurance, particularly if they operate a digital platform or electronic applications.
The National Authority for Probity, Prevention and Fight against Corruption (INPPLC), the Insurance and Social Security Supervisory Authority (ACAPS) and the Moroccan Insurance Federation (FMA) have signed a framework agreement to promote transparency and the prevention of corruption in the insurance sector.
These are the updates on insurance regulatory developments in China.
The government has proposed the establishment of the Actuarial Institute of Bangladesh (AIB) to develop and promote the actuarial profession in the country.
The Securities and Exchange Commission of Pakistan (SECP) has organised a roundtable discussion to identify policy and regulatory measures to enhance the takaful industry's market share and promote Shariah-compliant financial inclusion, thereby contributing to economic growth and ongoing regulatory reforms.