The Insurance Regulatory Authority (IRA) has issued a guidance note on cyber security for the insurance industry, pointing to heightened exposure to cybersecurity threats and data breaches as the insurance sector in Kenya undergoes rapid digital transformation.
The Lebanese cabinet has appointed a new chairman for the insurance sector regulatory body, a post that had been vacant for more than 10 years.
In India the Goods and Services Tax (GST) Council is likely to consider reducing or removing the 18% GST on life and health insurance premiums.
The Central Bank of the UAE (CBUAE) has revoked the licence of Al Khazna Insurance Company (AKIC).
China's financial regulator is stepping up efforts to rein in disorderly competition in the non-auto insurance market, issuing a draft circular aimed at enforcing stricter adherence to pre-approved policy terms and pricing-known as the 'unified reporting and sales' system.
These are the updates on insurance regulatory developments in China.
Cambodia's insurance regulator, the Insurance Regulator of Cambodia (IRC) has officially joined the Asian Forum of Insurance Regulators (AFIR) as a full member, according to news platform the Khmer Times.
In its Plenary Sitting, Taiwan's Legislative Yuan approved the Executive Yuan's proposed amendment to Article 22-16 of the Offshore Banking Act.
The Office of the Insurance Commission (OIC), Thailand's insurance regulator, held a joint meeting with the Big Data Institute (BDI), a public organisation, and insurance representatives to discuss ways to link health data via the Health Link platform to enhance underwriting and claim consideration.
The Systemic Risk Coordination and Monitoring Committee (CCSRS) says that stress test exercises have highlighted the overall resilience of insurance companies to adverse macroeconomic and technical conditions.