The Central Bank of South Sudan (BOSS) has issued a circular that places all insurance companies and related institutions under its sole regulatory authority, with effect from 8 September 2025.
Data released by the Central Bank of Jordan (CBJ) showed that insurance companies received a total of 3,001 complaints during the first seven months of this year, more than 99% of which (2,974 complaints) were related to motor insurance.
The Capital Market Authority has announced that it has approved separate applications by Chubb Arabia Cooperative Insurance Company and Saudi Reinsurance Company to increase their capital.
The Commissioner for Insurance, Mr Olusegun Ayo Omosehin, has reiterated the importance of digital adoption across the insurance industry and stressed his commitment to positioning the sector at the forefront of digital transformation.
After ten years, the Administrative Measures for Capital Margin of Insurance Companies have been revised.
These are the updates on insurance regulatory developments in China.
The Insurance Authority (IA), the insurance regulator in Hong Kong has issued a public reprimand on Tahoe Life Insurance Company and also imposed a fine of $10m to be borne by its shareholders' fund.
Bupa Arabia for Cooperative Insurance Company (Bupa Arabia), among the top insurers in Saudi Arabia, has received the non-objection of the Insurance Authority to its proposed restructuring into a holding company.
Mongolia's regulator, the Financial Regulatory Commission, has signed a memorandum of understanding (MoU) with the Astana Financial Services Authority, an independent regulatory authority in Kazakhstan.
The Iraq Insurance Diwan (IID), the insurance industry regulator, is working on improving the motor insurance system.