The Financial Services Authority (FSA) is preparing for the launch of the second phase of the National Health Insurance Platform "Dhamani" scheme.
With the deadline for implementing China's new insurance contract accounting standard drawing closer, the Ministry of Finance and the National Financial Regulatory Administration (NFRA) have jointly issued a circular to ease the transition for non-listed insurers. The notice introduces deferral options for insurers facing implementation difficulties and outlines simplified treatment rules to ensure a balance between financial reporting quality and cost-efficiency.
Nearly half of the world's 40 largest insurers have now established a presence in China, and two more global players are set to deepen their footprint. AIA and Aegon have received regulatory approval to set up wholly foreign-owned insurance asset management companies in Shanghai-the first of their kind in the country.
At the 2025 Lujiazui Forum held on 18 June, the National Financial Regulatory Administration (NFRA) director Li Yunze said that China's three-pillar pension system remains imbalanced, with the third pillar starting relatively late and holding significant potential for future development.
These are the updates on insurance regulatory developments in China.
The Thai insurance regulator has asked all insurance companies to manage (customer) complaints more quickly, more transparently, and with improved efficiency. It has said the insurers should ensure that all complaints and disputes are resolved by arbitration or even by mediation at the pre-arbitration level to reduce complaints and resolve them as soon as possible.
Malaysia's Joint Committee on Climate Change (JC3) released details on the rollout of the Climate Finance Innovation Lab (CFIL) at Bank Negara Malaysia's (BNM) Sasana Symposium 2025. The initiative aims to accelerate the development of innovative climate finance solutions.
The Financial Regulatory Authority (FRA) is extending the grace period for insurers to adhere to the Unified Insurance Law by a year, starting on 11 July.
The National Authority for Integrity, Prevention and the Fight against Corruption (INPPLC) and the country's three financial-sector authorities, have approved a 2025-2026 roadmap focussing on anti-graft training, transparency, and targeted sector-specific actions.
The influx of patients from neighbouring countries has created huge stress on the Thai healthcare system, and the country is looking to health insurance to bail them out