The Association of Kenya Insurers (AKI) has aired concerns over the government's plan to set up a single channel for dialogue between public institutions and the private sector.
Saudi Arabia's Council of Ministers have approved the National Insurance Sector Strategy, developed by the Insurance Authority to unlock the sector's full potential and position the Saudi insurance market among the world's fastest-growing and most advanced.
The Indonesian regulator, Financial Services Authority (OJK), has highlighted rampant fraud in the disbursement of life insurance claims in various parts of the country.
Foreign vehicles entering Qatar through the Abu Samra Border Crossing will be able to obtain motor insurance online before entering the country, speeding up the border entry process.
The Financial Services Authority (FSA) yesterday issued an administrative decision approving new regulatory amendments to the Unified Motor Insurance Policy Model, introducing a package of benefits aimed at expanding insurance protection for motor insurance policyholders and enhancing the quality of services provided.
Insurance companies are facing pressure as major corporate general agencies (GAs) push for new incentives for third-year contract retention.
Kuwait's Insurance Regulatory Unit (IRU) directed that insurance and reinsurance companies operating in the country obtain a credit rating from an accredited international agency that meets the prescribed minimum standards.
Korean insurers are expected to recalibrate their capital strategies to focus on accumulating sustainable core capital in the wake of an announcement by the Financial Services Commission and Financial Supervisory Service about new capital ratio requirements that are to be implemented on 1 January 2027. Otherwise, the insurers may face binding constraints and regulatory intervention.
Korea's Financial Services Commission and Financial Supervisory Service have announced that, starting 1 January 2027, the core capital K-ICS ratio will be mandatory for all insurers under the Korea Insurance Capital Standards (K-ICS).
China's employee medical insurance personal account system has made a formal transition to a new nationwide family scheme, under which funds in personal medical insurance accounts can be used directly across provinces for relatives' medical treatment, medication expenses and insurance contributions.