The National Financial Regulatory Administration (NFRA), the National Development and Reform Commission (NDRC) and the Civil Aviation Administration of China (CAAC) have issued a set of "Implementation Opinions" to accelerate the establishment of a comprehensive policy framework for low-altitude insurance.
Dajia Insurance Group, the owner of the iconic Waldorf Astoria in New York City, is preparing to sell the luxury hotel property, months after it reopened following a multibillion-dollar renovation, reported The Wall Street Journal earlier this week.
The Office of Insurance Commission (OIC) has unveiled new regulations under which citizens have the option of purchasing motor insurance with either a "named driver" or "unnamed driver" under new guidelines. Furthermore, drivers with a clean traffic record can enjoy discounts of up to 40% on insurance premiums.
The Nepal Insurance Authority has removed the mandatory stamp requirement for insurance documents.
The Financial Services Authority (OJK) has announced that the Policy Guarantee Programme is planned to take effect in 2027.
The Insurance and Social Security Supervisory Authority (ACAPS) has mobilised insurers in the country to strengthen the effectiveness of their anti-money laundering and counter-terrorist financing mechanisms.
The Financial Regulatory Authority (FRA) has drawn up an integrated regulatory framework for licensing life or P&C microinsurance companies.
Insurers in Syria are issuing compulsory motor third-party liability insurance policies at revised tariff rates, following the abolition of a tax for reconstruction in the country.
China's National Health Commission has initiated investigations into suspected medical insurance fraud at several psychiatric hospitals in Hubei province in central China.
Government subsidies of health insurance premiums for over 11m Indonesians have been suspended by the Health Social Security Agency (BPJS Kesehatan). This massive exercise was initiated after a review of the data of subsidy recipients by the Ministry of Social Affairs, which revealed that the Indonesians concerned no longer met the eligibility criteria for the subsidies.