The green insurance policy support system will in the main be complete by 2027, says the National Financial Regulatory Administration (NFRA) as it releases a document titled "Guiding Opinion on Promoting the High-Quality Development of Green Insurance" to steer the growth of green insurance business.
Apart from outlining the main goals of green insurance development on both the asset and liability sides, the National Financial Regulatory Administration (NAFR) has spelt out the specific responsibilities of insurers in green insurance development.
The Property and Casualty Insurance Department of the National Financial Regulatory Administration (NFRA) has proposed expanding the floating range of independent pricing coefficients for commercial new-energy motor insurance, among various moves to reduce premiums for new-energy vehicle (NEV) insurance.
Multiple layers of taxation in Pakistan are affecting the affordability of insurance and exacerbating existing inequalities by placing a disproportionate burden on those who can least afford insurance, says the Securities and Exchange Commission of Pakistan (SECP).
The adoption of international reporting standards and the modernisation of Pakistan's insurance industry will remain critical priorities for the Securities and Exchange Commission of Pakistan (SECP), said the Commissioner of Insurance, Aamir Khan.
Corporate valuation can be boosted by adopting proactive climate risk management according to a new study by the University of Florida.
The Office of the Insurance Commission (OIC) has developed a database on insurance fraud or wrongdoing by agents and brokers.
The Kenyan government is planning to merge three major financial regulatory bodies in a move aimed at enhancing service delivery, cutting bureaucracy and avoiding duplication, reported Bloomberg.
Egypt's House of Representatives has given its in-principle approval for a draft unified insurance law that has been tabled in the parliament for several months.
The rise in uncertainty in the world is putting a strain on the insurance industry, and the industry must modernise to face this mounting uncertainty, according to Moroccan Insurance Federation chairman Mohamed Hassan Bensalah.