In her address during a media conference last week, NCRIB President, Ms Ekeoma Ezeibe, said that the government must lead by example in complying with compulsory insurance requirements for public assets.
The Insurance Association of China (IAC) has released rules to establish a framework for collecting, maintaining and evaluating information on insurance sales personnel, including details related to their professional integrity.
The Insurance Council of Australia (ICA) has submitted a strengthened General Insurance Code of Practice to the Australian Securities and Investments Commission (ASIC) following consultations with consumer groups, regulators, government and insurers. Announced on 22 October, the revised code aims to strengthen consumer protection through legally enforceable obligations, improved support for vulnerable customers and those experiencing financial hardship, and greater transparency and accountability in claims handling.
The Insurance Regulatory Unit (IRU) in Kuwait has announced the start of the pilot phase of the updated version of its "Beema"online system, which issues compulsory motor third party liability (CMTPL) insurance policies.
Tunisia's draft Budget for 2027 stipulates that the state will cover half of the insurance premiums related to exports to other African markets.
The Reserve Bank of New Zealand (RBNZ) and the Financial Markets Authority (FMA) have outlined supervisory expectations on cyber risks associated with frontier AI.
South Korea's insurance regulator, the Financial Services Commission (FSC), has blocked the Korea Insurance Training Institute's equity investment in an AI joint venture, ruling it an illegal business practice under current law.
The Tunisian government has proposed several initiatives related to insurance in its draft Economic Budget for 2027, presented last week. The objective is to promote the development of the insurance industry in the country.
The Insurance and Social Security Supervisory Authority (ACAPS) has launched a new digital platform dedicated to processing claims from insured individuals and beneficiaries. The system started operating in September, the regulator said in a statement.
The Supreme Council of Health (SCH) has officially confirmed that the long-awaited National Health Insurance Programme for expatriate residents will begin on 31 October 2026, marking a significant development in Bahrain's healthcare system.