Insurance regulator, Bank Negara Malaysia has permitted RHB Bank to begin talks on the potential sale of its insurance arm to Japanese insurance group Tokio Marine.
Ethiopia's recently unveiled draft "Insurance Proclamation" mandates the establishment of the Ethiopian Insurance Regulatory Authority (EIRA). The new regulator will take over from the National Bank of Ethiopia (NBE), which has regulated the insurance industry since 1976.
The Financial Regulatory Authority (FRA) has issued a decision regarding the rules, standards and controls for companies licensed to practice takaful business, in a step aimed at stimulating the Egyptian market and improving operational efficiency.
The Insurance Authority (IA) of Hong Kong has published consultation conclusions on proposed amendments to the Insurance (Valuation and Capital) Rules under Hong Kong's Risk-based Capital (RBC) regime. The move aims to encourage insurers to increase their investment in infrastructure projects while preserving financial stability safeguards.
The General Insurance Association of Japan (GIAJ) has revised its "Compliance Guide for Solicitation" amid recent regulatory changes in the country surrounding insurance solicitation and sales practices.
The Insurance Association of Pakistan (IAP) has presented a set of proposals focusing primarily on taxation and regulatory considerations with respect to the insurance sector.
The National Financial Regulatory Administration (NFRA), the Ministry of Public Security and the Ministry of Transport have jointly announced a landmark shift in China's compulsory motor insurance pricing system: the termination of the nearly 20-year-old "one-size-fits-all" tariff system.
China's top court, the Supreme People's Court has issued a new judicial interpretation that allows individuals injured when vehicle doors are suddenly opened to seek compensation directly from the vehicle's insurance company, regardless of whether the fault lies with the driver or a passenger.
A total of PHP60bn ($1.07bn) has been returned to Manila's state health insurer, the Philippine Health Insurance Corporation (PhilHealth), from the nation's treasury.
The Monetary Authority of Singapore (MAS) has responded to a Parliamentary question on whether medical insurance contracts should be reviewed to ensure that definitions of surgical procedures keep pace with modern, less invasive medical advances.