Locally-incorporated reinsurance players must step up to increase support for the development of the insurance industry in Indonesia and to reduce the deficit in the insurance sector's balance of payments.
Officials are discussing a proposal to increase the foreign direct investment (FDI) limit for insurance to 100%, from the current 74%, a move which has the backing of the Insurance Regulatory and Development Authority (IRDAI).
The Thai General Insurance Association (TGIA) has issued a manual containing ESG guidelines to promote sustainable business practices among general insurers.
Educating the public about the importance of insurance must be approach in a more integrated way, according to Mr Uger Gulen, president of the Insurance Association of Turkiye (TSB).
The lack of progress by superannuation funds in tracking the success of their retirement income strategies, an area specifically called out in APRA and ASIC 2023 thematic review report, is most concerning, APRA deputy chair Margaret Cole has said.
The National Financial Regulatory Administration has released guidelines to tighten the regulation of online P&C insurance business undertaken by insurers and insurance intermediaries.
The State Council, which is China's Cabinet, issued guidelines titled "Opinion on Accelerating the Comprehensive Green Transformation of Economic and Social Development" on 11 August.
Insurance Council of Australia (ICA) and Planning Institute of Australia (PIA) have together called on local, state and federal governments to reduce vulnerability to natural hazards and to make progress on much needed reforms against a backdrop of growing housing challenges.
The Corporate Affairs Ministry (MCA) has gazetted the much-awaited new accounting standard Ind AS 117 on 'Insurance Contracts', taking Indian accounting standards for insurers closer to global standards.
The Saudi Ministry of Culture has launched an cultural insurance product, which provides insurance coverage for those in charge of cultural assets and collectors of works of art, offering protection against potential damage.