The Insurance and Social Security Supervisory Authority (ACAPS) is launching numerous projects to respond to the profound changes that the sector is experiencing, according to its president, Mr Abderrahim Chaffai.
Suncorp Group has said that it welcomes the Federal Treasurer's approval of the proposed purchase of Suncorp Bank by ANZ Banking Group under the Financial Sector (Shareholdings) Act (FSSA).
Zenith Islami Life Insurance plans to raise BDT150m ($1.28m) through an initial public offering (IPO) to comply with regulatory requirements and expand its business.
With the December 2024 date for the adoption of Insurance Capital Standard (ICS) approaching, the Executive Committee of the International Association of Insurance Supervisors (IAIS) has agreed on an initial plan for ICS implementation.
Artificial Intelligence may represent a major leap forward for the insurance industry, but it is very unlikely to replace actuaries, according to Mr Olusegun Omosehin, head of the National Insurance Commission (NAICOM). He added that NAICOM supports the federal government's goal of making Nigeria the AI hub for Africa.
The Central Bank of the UAE (CBUAE) has issued the Sandbox Conditions Regulation, which aims to attract start-ups and global FinTech businesses.
The Financial Services Authority (OJK) currently faces two big challenges in the insurance industry which must be resolved at the same time, according to Mr Ogi Prastomiyono, the regulatory agency's chief executive of Insurance, Guarantee and Pension Fund Supervision.
A new fee schedule for doctors for all medical procedures has been approved, providing for the first increase since 2008, Dr Ziad Al-Zoubi, head of the Jordan Medical Association (JMA), has confirmed.
The new head of Taiwan's Financial Supervisory Commission (FSC) has said that the regulator hoped to guide the insurance industry to invest more domestically.
The Kenyan government has withdrawn the proposed 2.5% levy on motor vehicles in the Finance Bill 2024 in the face of the tax's likely unfavourable impact on the insurance industry.