Treasury Cabinet Secretary John Mbadi has announced that the Government has initiated amendments to the Insurance Act to establish agricultural insurance as a standalone class of insurance business.
Lebanon's Minister of Economy and Trade, Mr Amer Al-Basat, has unveiled a national strategy to restructure the insurance sector to support economic recovery.
Work on the electronic integration of the National Health Insurance Platform, Dhamani, with pharmacies across the Sultanate has begun.
The Senate's Commission for Research, Science, Technology and the Environment (CRSTE) has approved a draft Bill to amend the Construction and Building Code. The draft was presented by the Minister of Urban Planning, Housing and Living Environment, Mr Moussa Sanogo.
South Korea's financial authorities are set to mobilise all available policy finance institutions to ensure that regional businesses and households can access funding at lower interest rates and higher loan limits, according to South Korea's ChosunBiz.
Sanlam Emerging Markets (Mauritius) (SEMM), part of Sanlam Group of South Africa, has received approval to acquire a stake in Shriram Life Insurance Company.
The Financial Services Authority (FSA) has issued a circular to all insurance companies licensed to provide motor insurance, mandating the maintenance of a minimum level of underwriting for electric vehicles (EVs) in proportion to the size of their respective motor insurance portfolios.
The Council of Australian Life Insurers (CALI) is warning that life insurance lead generation should not be swept up into a blanket ban designed to address misconduct in other parts of the financial system.
Thailand's insurance regulator, the Office of Insurance Commission (OIC), has announced a collaboration with the Consumer Protection Board (OCPB).
The Organisation for Economic Co-operation and Development (OECD) has commended the various reform measures being implemented by the Financial Services Authority (OJK) in the insurance and pension fund sectors to strengthen financial sector resilience, enhance consumer protection, and encourage healthy and sustainable industry development.