These are the updates on insurance regulatory developments in China.
The Insurance Regulatory Authority is working with the Kenya Revenue Authority (KRA) to implement a new marine cargo insurance system that has been delayed since February 2025.
The risk of regional escalation in the Israel-Iran war includes the risk that the conflict poses one of the most critical arteries of global commerce: the Strait of Hormuz.
International specialty (re)insurance MGA Rokstone has appointed Mr Rama Chandran as leader of its operations in APAC, following the completion of his notice period at QBE International. In his new role, he will lead Rokstone's its expansion across the market.
Geopolitical tensions are playing out in new and novel ways for the shipping industry, which is already juggling the energy transition and the legacy of the COVID-19 pandemic, says Allianz Commercial senior marine risk consultant, Captain Nitin Chopra.
A directive in Kenya that all imports into Kenya must be insured by local insurance companies is shifting the dynamics in the insurance industry in Kenya and can be seen as having the potential to reshape the country's economic future, according to a commentary posted on the website of the global law firm, Clyde & Co.
The Malaysian general insurance industry's gross written premium (GWP) grew 6.9% y-o-y to MYR23.1bn ($5.3bn) in 2024.
It would be in the interests of governments to collaborate with companies to develop capabilities, including computer platforms, to enable maritime administrations in coastal states to enhance their maritime awareness and track tankers in the dark fleet, according to a guide released by the Centre for International Law at the National University of Singapore.
Markel Group has enhanced its wholesale claims service with the appointments of Mr Daniel Thomas as marine technical claims lead, Ms Debbie Larkin as claims manager - energy, liability and terrorism, effective March 31, Ms Natalie Myhill as claims manager - financial institutions (FI) and Ms Rachel Tighe as claims manager - professional indemnity (PI).
Lockton has appointed Ms Cindy Khoo as head of business development - marine and energy, based in Singapore.