The Central Bank of UAE has announced its intention to create a dedicated ombudsman -- Sanadak -- to deal exclusively with consumer complaints.
The CBIRC has announced that it is launching a pilot programme in which standalone pension insurers undertake new commercial pension operations. The trial begins on 1 January 2023 and tentatively scheduled to last for one year.
The CBIRC has revised and issued the "Measures for the Supervision and Evaluation of Corporate Governance of Banking and Insurance Institutions" to improve supervision of corporate governance in financial institutions and to prevent and defuse corporate governance risks.
The corruption case against Chen Yong, a former vice chairman and president of China Continent Property & Casualty Insurance, has been handed to the procuratorate for review and prosecution.
The Finance Ministry government is proposing to remove the minimum paid-up capital requirements for carrying out life, general and health insurance business in India as part of a significant revamp of its insurance framework.
Work on a project to amend the Insurance Code is progressing very well, according to Mr Othman Khalil El Alamy, acting president of the Insurance and Social Security Supervisory Authority (ACAPS).
The insurance regulator has given the green light to Go Digit General Insurance for a listing on stock markets.
As the US Federal Reserve (Fed) continued to raise interest rates, Taiwanese life insurance companies have increased the declared interest rates on foreign-currency denominated insurance policies. However, the insurers have been directed by the Financial Supervisory Commission (FSC) to desist from doing so.
Compulsory health insurance will be a requirement in all emirates of the country before the end of the first quarter of 2023.
The Office of Insurance Commission (OIC) has unveiled its priorities for insurance supervision in 2023, including sustainable growth and the revival of confidence in the insurance sector.