The Insurance Regulatory Authority (IRA) has placed Trident Insurance Company, KUSCCO Mutual Assurance Limited, and Corporate Insurance Company under statutory management in accordance with the provisions of the Insurance Act.
The insurance industry is set to introduce a free 'mutual growth' insurance product for local small business owners and vulnerable groups across six regional governments --Gyeongnam, Gyeongbuk, Gwangju, Jeonnam, Jeju and Chungbuk -- by the third quarter of this year.
The Ministry of Finance recently approved an increase in the charter capital to VND18,909bn ($775m) of Sun Life Vietnam Insurance Company, part of the Canadian financial services group.
The Hong Kong Insurance Authority (IA) plans to enhance transparency and expand the range of medical insurance products to tackle rising costs, while reviewing regulations to attract more international life-insurance buyers.
Dr Khaled Abdel-Ghaffar, Minister of Health and Population, has held discussions with Dr Mohamed Farid, Minister of Investment and Foreign Trade, on the development of the government's Comprehensive Universal Health Insurance System (UHIS) and enhancing cooperation with the private sector to expand the scope of coverage.
The Philippine Insurance Commission (IC) has set out guidelines stating that existing regulations, as well as other issuances by the IC, for conventional insurance and mutual benefit associations (MBAs), shall also apply to all entities with takaful window operations.
Oman's insurance sector has demonstrated stable performance over the past five years, including reporting satisfactory growth in 2025, said the Financial Services Authority (FSA) Vice Executive President Ahmed Bin Ali Al Maamari.
Thailand's insurance regulator, the Office of the Insurance Commission (OIC), has held a meeting with the Bangkok Metropolitan Police Command to increase cooperation and enhance measures to prevent property crime in gold shops in Bangkok.
Preparations for Cambodia Insurance Day 2026 are underway, with the Insurance Regulator of Cambodia (IRC) holding a meeting on the subject with the Insurance Association of Cambodia, Cambodia Insurance Brokers Association, as well as representatives of insurance institutions.
Dr Islam Azzam has been appointed, by presidential decree, as the new Chairman of the Financial Regulatory Authority (FRA), which supervises the insurance and non-banking financial sectors.