China's National Financial Regulatory Administration (NFRA) and the Ministry of Finance (MOF) have reached agreement on revised measures governing professional liability insurance for accounting firms, with the new rules expected to be issued soon.
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK) has redefined the procedures and principles regarding risk acceptance and management in surety insurance.
Composite insurance rates in the second quarter decreased 16% in the India, Middle East, and Africa (IMEA) region, the biggest fall across all regions analysed, according to Marsh, the global leading insurance broker.
A new study by Aon has revealed that transaction risk products, including warranty and indemnity (W&I) insurance and standalone tax liability insurance, continue to be a key consideration in Asia dealmaking.
The Korea Federation of Small and Medium Enterprises (KFSME) will offer a 5% discount on premiums for product liability (PL) insurance and mutual aid products to small and mid-sized manufacturers that have built smart factories, reported the ChosunBiz.
Automakers and intelligent driving solution providers have introduced intelligent driving protection benefits to provide risk protection to alleviate car owners' concerns as intelligent assisted driving features become more widespread in China.
The intelligent driving protection services offered by automakers or smart driving solution providers are an extension of product warranties and after-sales service by these businesses, with the primary goal of reducing consumer concerns about intelligent driving safety. They represent manufacturers voluntarily expanding their own liability for product defects.
MENA RE Underwriters (MENA Re), a wholly owned subsidiary of Doha Insurance Group based in the DIFC, has announced the promotion of Mr Tareq Hussein to CEO cum Senior Executive Officer, effective July 2026.
Saudi Arabia's 151-member Shura Council or Consultative Assembly has called on the Insurance Authority to study the challenges faced by the elderly in obtaining adequate insurance coverage. The call was made during a recent regular session of the Council.
The South Korean government will cover premiums for high-payout liability insurance so that medical staff in essential fields do not bear excessive compensation burdens in the event of medical accidents, reported the ChosunBiz.