A stark divergence between life and property insurance companies in the accident insurance branch has emerged, driven by tightening regulatory oversight, shifting sales strategies and the rise of digital ecosystems.
The authorities have wiped out a class of insurance products labelled as health insurance policies but structured as high-yield wealth management plans under the "Protection + Savings + Healthcare" concept.
Life insurers in India have reportedly asked the government to double the tax-free limit on insurance policies to INR500,000 ($5,232), according to Reuters, citing three sources directly familiar with the matter.
South Korea's financial regulator announced on 4 June that it is looking to establish an insurance fraud prevention system in 2026, leveraging artificial intelligence (AI).
Regulators, investors and executive leadership teams are increasingly treating cyber incidents not as technical failures but as matters of governance, resilience and accountability.
Manulife Hong Kong has announced a Memorandum of Understanding (MoU) with Alibaba Cloud, to establish a collaboration framework focussed on advancing responsible AI innovation and accelerating the deployment of AI technologies.
The Office of Insurance Commission (OIC), Thailand's insurance regulator, is continuing efforts to prepare for the assessment of its compliance with international standards on anti-money laundering and countering the financing of terrorism (AML/CFT).
The National Insurance Commission (NAICOM) has formally granted an operational licence to CBI Partnering InsurTech, marking a significant milestone as the first fully licensed Partnering InsurTech company in Nigeria.
The General Secretariat of the Government has released a draft Bill to amend and supplement the Insurance Code to accelerate digital transformation, strengthen policyholder protection, and broaden access to insurance for previously underserved segments of the population.
Vietnam has made it mandatory for foreign workers in the country with 12 months labour contract to be covered under the country's social insurance (SI) scheme.