The risks to the outlook for financial stability in Oman remain low in the short term, says the Central Bank of Oman (CBO) in its 2024 Financial Stability Report (FSR).
The National Financial Regulatory Administration (NFRA) has issued an exposure draft to solicit feedback on its proposals to revise the risk classification of insurance assets.
The National Financial Regulatory Administration (NFRA) has scheduled a series of cuts on interest rates on insurance products. The new requirements are set out in the NFRA's "Notice on Improving the Pricing Mechanism for Life Insurance Products" issued on 2 August.
The National Financial Regulatory Administration, China's top financial regulator, has announced that it had given in-principle approval to Anbang Insurance Group and its subsidiary Anbang Property & Casualty Insurance to begin the bankruptcy process.
Finance Minister Nirmala Sitharaman has told lawmakers that they need to propose to their state governments remove the 18% GST levied currently levied on life and health insurance premiums.
The Office of the Insurance Commission (OIC) has established a committee to screen actuaries in Thailand and decide on their licences.
According to Insurtech Australia CEO Simone Dossetor, AI is being explored within the insurance sector, "but with different levels of maturity".
When asked how MFRS17 has affected Malaysian insurers and takaful operators since its implementation, Christopher & Lee Ong partner Chelsea Chan said that "most companies are seen to be enhancing and upgrading their legacy systems to comply" with the new standard.
The Insurance Commission (IC) is planning to issue rules governing the mandatory insurance for overseas Filipino workers (OFWs).
The Securities and Exchange Commission of Pakistan (SECP) has issued a revised illustration format to improve the readability, standardise insurers' illustrative values, and safeguard prospective policyholders from any deception.