Japan's Financial Services Agency (FSA) has warned of growing difficulties for high-risk companies and large factories to secure corporate insurance under the same terms as in the past, as non-life insurers strengthen risk-based underwriting.
China is directing a greater share of newly added national medical insurance funds towards primary healthcare institutions as part of efforts to reduce patients' out-of-pocket costs and strengthen community-level healthcare.
Thailand's insurance regulator, the Office of Insurance Commission (OIC), has developed its objectives and key results (OKRs) for FY2027.
The Insurance Authority has launched the first phase of the Innovation Lab, one of the initiatives under the National Insurance Sector Strategy.
Thailand's Office of Insurance Commission (OIC) is exploring Russia's use of data and technology in insurance supervision, compulsory motor insurance and fraud prevention as it seeks to strengthen the country's insurance regulatory framework.
New Zealand's government opened a consultation on 10 August over a proposed levy covering prudential regulatory costs.
Opening session speakers at the Sri Lanka International Insurance Summit in Colombo yesterday emphasised on the tremendous opportunities being created in Sri Lanka for insurance industry stakeholders and called for a collaborative approach in building a strong and resilient insurance sector.
Chinese tax residents are required under existing law to pay individual income tax on their worldwide income, including taxable returns from overseas insurance products. This clarification from the State Taxation Administration (STA) comes amid market discussion surrounding insurance policies purchased in Hong Kong.
The Philippines' state insurer gets a new chief in Beverly Lorraine Ho, Chief Health Officer of Ayala Healthcare Holdings and a former Department of Health (DOH) official. She was appointed as the new President and CEO of the Philippine Health Insurance Corp (PhilHealth), according to a presidential spokesman.
The National Insurance Commission (NAICOM) expects insurers to demonstrate tangible benefits from their stronger balance sheets, following the completion of an industry-wide recapitalisation exercise.