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.
Egypt's Prime Minister, Dr Mostafa Madbouly, has issued a decree appointing Dr Rehab Taha as Assistant Chairman of the Financial Regulatory Authority (FRA).
The government has issued Decree No. 374, which sets out provisions for the management and operation of the Unemployment Insurance Fund under the Employment Law.
The Insurance Regulatory Commission of Sri Lanka (IRCSL) recently conducted an official visit to Hong Kong aimed at strengthening its regulatory capabilities and enhancing cooperation through exposure to international best practices and evolving supervisory frameworks.
A stark divergence between life and property insurance companies in the accident insurance branch has emerged, driven by tightening regulatory oversight, shifting sales strategies and the rise of digital ecosystems.