The Property and Casualty Insurance Department of the National Financial Regulatory Administration (NFRA) issued a notice directing insurers to carry out a self-examination of short-term health insurance business by 31 August 2024.
The five insurance asset management companies, that are the first insurance asset managers approved to pilot asset-backed securities (ABS) and REIT (real estate investment trust funds) businesses, have now all launched ABS on the stock exchange.
Insurance companies and banks are looking for more guidance from the industry regulator on bancassurance operations following the issuance of new regulations.
When it comes to capital optimisation, Aon strategy and technology group global CEO Sherif Zakhary said, each insurer would have "a different parameter for success".
The House of Representatives has during a plenary session unanimously adopted a Bill to amend the Insurance Code.
One key question in Taiwan's life insurance sector is whether investment projects that can generate stable cash flows and that are suitable for life insurers, can be offered up quickly, according to Dr Peng Jin-lung, the chairman of the Financial Supervisory Commission (FSC).
The National Insurance Commission (NIC) plans to implement a risk-based capital framework for life insurance companies, according to Mr Kofi Andoh, acting commissioner at the NIC.
The mandatory divorce policy set out in the recently-enacted Unified Insurance Law will apply to those about to get married, according to lawmaker Ihab Ramzy, a member of the Legislative Committee of the House of Representatives.
A Cabinet session, headed by Prime Minister Bisher Khasawneh, approved the 2024 Mandatory Vehicle Insurance Bylaw on 21 July 2024.
The Financial Regulatory Authority (FRA) has decided to continue to work with existing regulations until the issuance of implementing rules and decisions backing the new Unified Insurance Law that was enacted earlier this month.