The Kenyan financial authorities will establish a periodic study review mechanism to assess and potentially increase the compensation ceiling of the Policyholders Compensation Fund (PCF), according to a draft of the Kenya National Financial Inclusion Strategy (2025-2028), released by the Central Bank of Kenya.
The Competition Commission of the Common Market for Eastern and Southern Africa (COMESA) has published a notice of inquiry into the proposed acquisition of Egypt's Delta Insurance by Morocco's Wafa Assurance.
Morocco is strengthening its protection against natural disasters by increasing the parafiscal solidarity tax levied on insurance contracts.
The Financial Regulatory Authority (FRA) has issued regulations covering the digital issuance and distribution of insurance policies by insurance companies and brokers.
The Turkish insurance industry is in its most secure period in terms of capital adequacy, liquidity, risk management and similar indicators, according to Mr Davut Mentes, president of the Insurance and Private Pension Regulation and Supervision Agency (SEDDK).
The Financial Regulatory Authority (FRA) has approved the publication of a mandatory tender offer submitted by a leading Moroccan insurance company, Wafa Assurance, to acquire shares in Delta Insurance Company.
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has revised regulations affecting lifetime health insurance policy renewals.
The Insurance and Social Security Supervisory Authority (ACAPS) has launched "EDUCAPS", a digital platform designed to strengthen the understanding of the fundamental concepts of insurance and social security.
National Financial Regulatory Administration director Li Yunze told local media that since 2024 life insurers have reduced costs by CNY350bn($48.9bn), while the comprehensive expense ratio of property insurers has fallen to its lowest level in nearly a decade and expense ratios have hit a 20-year low.
These are the updates on insurance regulatory developments in China.