Thailand's regulator, the Office of Insurance Commission (OIC), is now enhancing the readiness of the insurance industry in the face of rising cyber threats, including digital attacks, the use of AI to discover vulnerabilities, attacks through external service providers and risks arising from increasingly interconnected digital ecosystems.
Hong Kong's insurance regulator, the Insurance Authority (IA), has published its latest edition of Conduct In Focus.
The Monetary Authority of Singapore (MAS) has issued its Guidelines on Artificial Intelligence (AI) Risk Management to support responsible AI adoption in Singapore's financial sector, as AI technologies are developing rapidly and being adopted in financial services with increasing scale and sophistication. The Guidelines took effect on 7 October 2027.
The DIFC Insurance Association (DIFCIA) has announced the appointment of Mr Ahmed Rajab, Founder and CEO of SHIELDS Miller (formerly SHIELDS Reinsurance Brokers), as Chairman of the Association.
The Financial Regulatory Authority (FRA) has directed insurance companies to enhance the disclosure and transparency of insurance policies that include investment strategies related to gold or other investment assets, to ensure clarity regarding the nature of insurance products, the benefits and risks to customers.
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK) has expanded its "My Private Insurance" page on the e-Government platform.
The Insurance Regulatory Unit (IRU) has given insurance companies under its supervision to submit data on the number and percentage of national workers employed in the insurance sector, in accordance with an approved reporting model.
A 42% spike or KRW37.5bn ($27.9m) in unpaid health insurance premiums by foreigners and overseas Korean has triggered calls for tighter residency checks and enforcement, reported Korea JoongAng Daily.
The Financial Services Agency (FSA) plans to issue a partial business suspension order against Prudential Life Insurance in response to a series of customer fund misappropriation cases.
The Central Bank of Jordan (CBJ) is currently working to develop regulatory frameworks for licensing digital insurance platforms and updating the legal framework governing online insurance operations.