The Insurance Council of Australia (ICA) has urged the federal parliamentary inquiry into local government funding and fiscal sustainability to increase support for local councils to strengthen flood defences amid more frequent extreme weather events.
The Insurance Complaints Bureau (ICB) in Hong Kong recorded 857 complaint cases last year, marking a 32.7% increase compared with the previous year.
Thailand's Office of Insurance Commission (OIC) has unveiled the findings of a strategic study on voluntary health insurance, positioning it as an important supplement to the country's public healthcare system amid the challenges of an ageing population and rising medical costs.
South Korea's non-life insurance sector is introducing special discount provisions for auto insurance premiums in alignment with the government's two-day vehicle restriction policy, which aims to address oil price instability stemming from tensions in the Middle East.
Insurance regulators across Africa are saying that the effects of the Middle East war are already feeding into insurance market fundamentals.
The National Insurance Commission (NAICOM) has met executives of about 12 insurers regarded as largely inactive in the on-going recapitalisation drive.
The Financial Regulatory Authority (FRA) has issued a resolution concerning regulating the licensing, registration and practices of actuaries, in a step aimed at strengthening the regulatory framework.
Prudential Life Insurance has decided to keep its pause on new sales in place for an additional 180 days, extending an earlier 90-day suspension, as it grapples with a growing internal investigation involving alleged misuse of client funds.
The Financial Services Authority (OJK) is carrying out a study on premium rate adjustments in electric vehicle (EV) insurance, taking into account the different risk characteristics of EVs compared to conventional vehicles.
Thailand's insurance regulator, the Office of the Insurance Commission (OIC), has revealed the road accident statistics from the seven-day travel period related to Songkran.