Insurance funds and other private capital can be leveraged through market-oriented channels to replenish bank capital, according to Mr Li Yunze, Director of the National Financial Regulatory Administration (NFRA).
The annual meetings of the National People's Congress (NPC), which is China's legislature, and the Chinese People's Political Consultative Conference (CPPCC), the country's top advisory body, took place earlier this month during which several delegates discussed major insurance trends and issues.
The reform of new energy vehicle (NEV) insurance pricing is proceeding quietly, with the implementation of a second adjustment to the fluctuation range of the independent pricing coefficient.
The National Insurance Commission (NAICOM) has said that the deadline of 31 July 2026 for insurance entities to recapitalise their operations would not be postponed.
Underpricing constitutes a dangerous threat to insurers despite it being treated as a short-term competitive tool, according to Mr Hassen Khelifati, CEO of Alliance Assurances and First Vice President of the Algerian Union of Insurance and Reinsurance Companies.
The Financial Services Authority (FSA) has reviewed the key challenges related to insuring industrial facilities during a dialogue session with stakeholders, including insurance companies and owners of industrial companies.
The Philippines' insurance regulator, the Insurance Commission (IC), Bureau of the Treasury, Government Service Insurance System, Social Security System, Philippine Deposit Insurance Corporation and the Landbank of the Philippines have signed a Memorandum of Agreement (MOA) on a shared cyber defence solution for the insurance cluster
Thailand's Central Administrative Court has dismissed an application for an injunction against an order issued by the Office of the Insurance Commission (OIC). The issue concerns the specification of up to five drivers in a car insurance policy.
The Ministry of Finance and Economic Planning has unveiled Rwanda's first National Insurance Strategy (NIS). This positions insurance as a critical pillar for economic resilience, aligning with Rwanda's ambitious vision to achieve upper-middle-income status by 2035 and high-income status by 2050, the ministry said in a statement.
Cameroonian Eric Rochereau Kouaghu Tchuisseu has been appointed the Secretary General of the Inter-African Conference of Insurance Markets (CIMA), the regulatory body for the insuance sector of 14 Central and West African countries.