The new chief of Insurance Development and Regulatory Authority (IDRA) of Bangladesh has said that the settlement of unpaid claims totalling around BDT70bn ($568m) will be her top priority, according to a news report in the financial daily, The Financial Express.
The South Korean insurance regulator, Financial Supervisory Service (FSS), has made its oversight for the insurers stricter to ensure that the insurers do not inflate the expected income mentioned in recruitment advertisements for side-hustle agents.
The insurance sector awaits with great anticipation the outcome of the industry recapitalisation exercise, with less than a fortnight to go before the 31 July deadline for insurers to meet new minimum capital requirements,
The Financial Regulatory Authority (FRA) has issued a decision establishing stricter risk management and underwriting standards for the individual personal insurance branch.
China's financial regulator has proposed new cybersecurity rules for insurers and banks that would strengthen executive accountability, tighten risk monitoring requirements and impose stricter penalties for failures in cyber incident management.
South Korea's Financial Services Commission (FSC) will establish an AI-powered insurance fraud prevention infrastructure as part of its broader financial sector reform agenda for the second half of 2026, with the measure aimed at strengthening the detection and prevention of insurance fraud.
The Insurance Council of Australia (ICA) will hold insurance consultations later this month for policyholders in Port Pirie affected by the severe storms that struck the region in late November 2025. It said this will allow residents to meet face to face with representatives from multiple insurers to discuss existing claims or lodge new ones as recovery efforts continue.
The Finance Committee of the Jordan Insurance Federation (JIF) is studying a proposed new model and guidelines for calculating the solvency margins of insurers.
The Financial Supervisory Commission (FSC) has proposed some amendments to regulations governing insurance brokers and agents, to enhance the convenience of purchasing insurance, simplify solicitation processes, promote international insurance business and strengthen the day-to-day supervision of insurance brokerages and agencies.
A Bill now being discussed by the Senate, when passed, will require all vehicles in Kenya to undergo an annual emissions test and certificates issued to compliant vehicles.