The Dubai Financial Services Authority (DFSA), the independent financial services and markets regulator of Dubai International Financial Centre (DIFC), has imposed a fine of $455,176 on reinsurance brokerage Ed Broking (MENA) for a number of contraventions of DFSA legislation, including engaging in misleading and deceptive conduct.
Indonesia's financial regulator, the Financial Services Authority (OJK), says that it ensures leadership continuity and the smooth execution of regulatory and supervisory duties in the financial services sector, as well as consumer and public protection, by appointing Acting/Replacement Members of the Board of Commissioners.
The Financial Regulatory Authority (FRA) has extended the deadline granted to companies operating in the actuarial, insurance and reinsurance brokerage, inspection and damage assessment, and insurance consulting segments an additional six months to increase their capital.
The Syrian government has met the representatives of the International Finance Corporation (IFC) to review the potential contribution of the IFC-part of the World Bank Group-to reforming the Syrian financial sector, including the insurance market.
The National Police Agency will carry out a nationwide special enforcement campaign targeting insurance fraud and illegal medical institutions for nine months, from 2 February to 31 October. The campaign involves intensified and coordinated investigations.
The Dubai Health Authority (DHA) has released its "2024 Health Accounts System of Dubai" (HASD) report , which reflects the continued development of Dubai's health insurance system and its role in supporting the economy and enhancing quality of life.
Finance Minister Nirmala Sitharaman yesterday delivered the Union Budget for the fiscal year beginning on 1 April which contains several proposed measures that will have an impact on the insurance sector.
India's Union Minister for Finance and Corporate Affairs, Mrs Nirmala Sitharaman, yesterday presented the Union Budget for the financial year 2026-2027 in Parliament. Reacting to Mrs Sitharaman's nearly 90-minute-long Budget speech, the Indian insurance industry describes it as one that lays out the government's economic roadmap anchored in growth, investment and fiscal stability.
The Insurance and Social Security Supervisory Authority (ACAPS) of Morocco and the Banking and Financial Supervisory Commission (CSBF) of Madagascar have signed a cooperation agreement, according to a media statement released by ACAPS.
Government policy guidance on agricultural insurance now emphasises a shift toward risk management, cost control, and service optimisation, with high-quality development becoming the industry's goal.