The Central Bank of Somalia (CBS) has issued the first-ever licences to provide Islamic insurance services in the country.
The Financial Services Commission (FSC) has announced that an update has been made to the standard information consent form in the insurance industry on 2 January 2026 to promote retrocession contracts. This update will help insurers spread risk and enhance stability in claims payouts for policyholders.
Malaysia will launch a voluntary base medical and health insurance/takaful (MHIT) plan, expected to provide standardised, affordable, and value-based private healthcare coverage.
The Insurance and Pensions Commission (IPEC) has voiced its concerns over a notable trend in Zimbabwe's life insurance industry, which is shifting from traditional long-term products towards predominantly renewable annual policies.
Nepal police have arrested six individuals linked to three aviation and rescue companies for allegedly staging fake helicopter evacuations of foreign trekkers to defraud international insurers.
AXA Hong Kong and Macau have announced plans to re-domicile AXA China Region Insurance Company (Bermuda) (ACRIB) from Bermuda to Hong Kong, under the corporate re-domiciliation regime introduced by the Hong Kong government, subject to regulatory approval.
The Financial Regulatory Authority (FRA) has granted InsurTech licences to two insurance companies, revealed the regulator's Vice Chairman, Dr Ahmed Abdel Aziz. In addition, the regulator is studying the applications of six other insurance companies for the licence.
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has issued a circular to ensure that insurance personnel whose work involves the Turkish Financial Reporting Standard 17 (TFRS 17) have the required knowledge, skills, and competencies.
Proposed accounting rules in Taiwan will ease the impact of foreign-exchange (FX) volatility on life insurers' reported earnings but could increase structural FX exposure, particularly for life insurers with weak long-term currency match management, according to a commentary released by Fitch Ratings. The credit ratings organisation said it considers the approach a deviation from international practice, which may reduce comparability for global investors.
Insurance professionals are optimistic that proposed amendments to Algeria's insurance law would promote the development of the industry as the legislation moves closer to enactment. The draft Bill was recently returned, after revision, for review by the Head of State.