The National Financial Regulatory Administration (NFRA) has released guidelines for promoting the development of inclusive insurance to better meet the needs of the people and the real economy.
To help strengthen the disaster resilience of African economies and societies, insurance regulators need to be empowered with a broader mandate that includes market development, national and regional risk pooling, and fostering collaboration between the public and private sectors, says Dr Corneille Karekezi, CEO of Africa Re.
The Insurance and Social Security Supervisory Authority (ACAPS) has published its third three-year strategic plan.
The Insurance Council of New Zealand (ICNZ) has lauded the additional funding allocated in Budget 2024 to invest in building resilient communities affected by the Auckland Anniversary Weekend flooding and Cyclone Gabrielle events.
A new company has applied for a life insurance licence in the Bangladeshi market where there are already 36 life insurers, several of which are loss-making.
Two insurers are planning to start marketing the Philippines' first takaful products in the next 12 months, the Insurance Commission (IC) head has said.
The Australian government is establishing the Insurance Affordability and Natural Hazards Risk Reduction Taskforce as part of the federal budget to develop an integrated, cross-government approach to minimising the impacts of disaster on the community and help address insurance costs driven by more frequent and intense weather events.
China's insurance sector maintained steady operations and adequate solvency in the first quarter of the year, according to data released by the country's financial regulator.
The Securities and Exchange Commission of Pakistan (SECP) has put forward a proposal to the Federal Board of Revenue (FBR) for the upcoming 2024-25 Budget to reinstate income tax credits for individuals purchasing insurance plans.
The lnsurance Commission (lC) has promulgated the Consolidated Guidelines for Takaful Window Operation as the regulator recognises the need to provide broader insurance coverage and options for all Filipinos, especially those in the Muslim community. The regulator also recognises the growing takaful market.