China's insurance sector is poised for a systemic regulatory upgrade as the "Insurance Law of the People's Republic of China (Draft Revision for Public Comment)" undergoes public consultation, with one of the focus areas being the utilisation of insurance funds.
The authorities have released a 10-point "negative list" to regulate online insurance operations, covering four main areas, that are sales, product management, payments and channel management.
Government agencies are planning to reform new energy vehicle (NEV) insurance, including optimising benchmark premium rates for commercial auto insurance business.
Pakistan's Securities and Exchange Commission of Pakistan (SECP) has proposed tighter regulatory controls for insurers providing guarantees linked to government contracts, construction, procurement and trade.
The Financial Regulatory Authority (FRA) has formed a committee to develop a unified model for the bylaws of insurance pools, according to a statement posted by the regulator on the Facebook account of the Egyptian Cabinet Presidency.
The Financial Services Authority (OJK) has assessed that the insurance industry has room for growth in the second half of 2026. Aside from investments, several business lines, including Shariah life insurance, are considered to have positive prospects even though the industry faces economic dynamics.
The Ministry of Finance has increased support for agricultural insurance under new regulations issued earlier this month, which revise a 2018 decree. The changes raise subsidies for agricultural insurance premiums, expands scope of insurance coverage that enjoys state subsidies and decentralise authority to local governments.
The savings and investment regulatory landscape in South Africa shows increasing fragmentation, according to the the Association for Savings and Investment South Africa (ASISA).
The Insurance Council of Australia (ICA) has appointed Mr Dean Cullen to the Board as a Non-Executive Director.
The Insurance Authority confirmed that it is reviewing the vehicle insurance pricing mechanism to ensure that insurance companies comply with regulatory standards, and to ensure fair and reasonable prices, according to a statement on its website.