The Insurance Authority (IA) says that it and the country's insurance sector was unaffected by the 19 July massive global tech outage.
The IRDAI has repealed its guideline capping the commission for long-term motor insurance policies, aligning these policies with the standard one-year motor insurance policies.
The Senate has passed the Nigeria Insurance Industry Reform Bill 2024 after a second reading, to modernise and boost the insurance sector.
Giza-based health maintenance organisation (HMO), Unicare, intends to transform itself into a specialised medical insurance company.
The average commission level of the bancassurance channel in China has fallen by 30% since August 2023 when the National Financial Regulatory Administration (NFRA) ordered that commission fees paid to banks must be consistent with the rates reported to the regulator.
The Economic Development Committee (EDC) of the Executive Yuan yesterday approved a trillion-dollar national development plan, hoping to guide funds -- in particular, insurance funds invested overseas -- to invest in social housing, water recycling plants, and other strategic projects.
The Compulsory Insurance Programme, including vehicle insurance, is still awaiting the issuance of rules as the regulatory framework for its implementation, according to Mr Ogi Prastomiyono, chief executive of the Financial Services Authority's (OJK) Insurance, Guarantee, and Pension Fund Supervision.
Ghana has been unable to upscale the newly set-up Agricultural Insurance Fund even though the pool started well, according to Mr Kofi Andoh, the acting Commissioner of Insurance.
Commercial banks can continue to sell investment-linked insurance products through the bancassurance channel.
Egyptian President Abdel-Fattah el-Sissi has ratified the Unified Insurance Law which has also been published in the Official Gazette that was issued on 10 July 2024.