The Financial Services Authority (OJK) is strengthening the development of health insurance to promote insurance penetration and density.
Compulsory earthquake insurance should be offered automatically to all homeowners in Turkiye with a sufficient level of coverage, a senior insurance executive has suggested.
Several insurance industry players attended the "Insurance for All" Vision Meet held last week to craft a foundational framework that would guide the vision of achieving "Insurance for All" by 2047.
Collaboration is the key to improving access and quality of health insurance services for the Indonesian people, according to the chairman of the Indonesian Insurance Council (DAI), Mr Yulius Billy Bhayangkara.
The National Financial Regulatory Administration (NFRA) has issued an exposure draft seeking feedback on proposals for financial institutions, including insurance companies and insurance asset management companies, to appoint a chief compliance officer (CCO).
The Financial Services Authority (OJK) has organised a meeting between executives of financially-stricken Asuransi Jiwasraya and with several representatives of Jiwasraya policyholders who oppose a restructuring scheme for the financially-stricken life insurer and the transfer of policies from Jiwasraya to Asuransi Jiwa IFG (IFG Life).
The Insurance Institute of Zimbabwe (IIZ) says that the informal economic sector in Zimbabwe remains largely uninsured because most products and services are geared to the formal economy.
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).
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.
The Thai General Insurance Association (TGIA) will soon publish a manual containing ESG guidelines to promote sustainable business practices among general insurers.