Ethiopia's insurance sector is grappling with dual challenges on the regulatory and industry fronts, the President of the East African Insurance Organisation and chief executive of Nyala Insurance, Yared Molla, has said.
Egypt's Financial Regulatory Authority (FRA) is allowing life insurance companies to invest directly in precious metals, including gold, in a decision that is the first of its kind in the Egyptian market.
The National Financial Regulatory Administration (NFRA) has issued new guidelines on strengthening supervision of non-motor insurance business, marking a concrete step in implementing the "unified reporting and sales" policy.
These are the updates on insurance regulatory developments in China.
The insurance industry in Saudi Arabia will start its transition to a risk-based capital (RBC) regime next year, with full adoption targeted for 2027, said the CEO of the Insurance Authority (IA) at the ingate Global Insurance Conference & Exhibition that was held last week.
Egypt's insurance regulator, the Financial Regulatory Authority (FRA), has issued new regulations concerning the registration of reinsurance companies and their branches to carry out business with Egyptian insurers.
The Australian Government has passed the Criminal Code Amendment (State Sponsors of Terrorism) Bill 2025, which amends the Terrorism and Cyclone Insurance Act 2003 (TCI Act). The amendment aligns the definition of a terrorist act with the Crimes Act 1914, ensuring that coverage under the TCI Act extends to state-sponsored terrorism.
The insurance regulator of Thailand, the Office of the Insurance Commission (OIC), is encouraging insurance agents and brokers to register in a e-Licensing system, named "ForSure Middleman".
The ministry of agriculture has made it mandatory for dairy farmers in the country to purchase cattle insurance from 1 January 2026, with the government subsidising half of the insurance premium, reported the Taipei Times
The Financial Regulatory Authority (FRA) has so far issued 47 regulations to implement and enforce the Unified Insurance Law, which was enacted in July 2024, revealed FRA Chairman Mohamed Farid.