The Centre for Risk, Compliance & Governance Studies
Login Register
CRCGS

Insurance & Pensions — across countries

Law or regulationTypeCountryYearSource
Law No. 76/2023 "Për fondet e pensionit privat" (Law No. 76/2023 on Private Pension Funds) Act Albania 2023 source
Law No. 52/2014 on the Activity of Insurance and Reinsurance Act Albania 2014 source
Llei 12/2017, del 22 de juny, d'ordenació i supervisió d'assegurances i reassegurances del Principat d'Andorra (Law 12/2017 on the regulation and supervision of insurance and reinsurance) Act Andorra 2017 source
The Insurance Act, 2007 (No. 13 of 2007) Act Antigua and Barbuda 2007 source
Ley 20.091 de Entidades de Seguros y su Control (Law 20,091 on Insurance Entities and their Supervision) Act Argentina 1973 source
Law on Introducing Uniform System of Financial Regulation and Supervision (HO-242-N) Act Armenia 2005 source
Bundesgesetz über den Betrieb und die Beaufsichtigung der Vertragsversicherung (Versicherungsaufsichtsgesetz 2016 – VAG 2016) Act Austria 2016 source
Azərbaycan Respublikasının Mərkəzi Bankı haqqında Qanun (Law on the Central Bank of the Republic of Azerbaijan) Act Azerbaijan 2004 source
Insurance Act, 2005 (Chapter 347) Act Bahamas 2005 source
CBB Rulebook Volume 3 - Insurance Rule Bahrain — source
Insurance Act, 2010 (Act No. XIII of 2010) Act Bangladesh 2010 source
বীমা উন্নয়ন ও নিয়ন্ত্রণ কর্তৃপক্ষ আইন, ২০১০ (Insurance Development and Regulatory Authority Act, 2010) Act Bangladesh 2010 source
Insurance Act, Cap. 310 Act Barbados — source
Occupational Pension Benefits Act, Cap. 350B Act Barbados — source
Указ Президента Республики Беларусь от 18 марта 2025 г. № 108 «О страховании» (Decree of the President No. 108 of 18 March 2025 on insurance) Act Belarus 2025 source
Act of 13 March 2016 on the legal status and supervision of insurance and reinsurance companies (Insurance Supervision Act) Act Belgium 2016 source
Ley de Seguro de Fianzas para Entidades y Empresas Públicas y Fondo de Protección al Asegurado, Ley N° 365 (Law 365 on surety insurance for public entities and the Insured Protection Fund) Act Bolivia 2013 source
Zakon o društvima za osiguranje (Law on Insurance Companies of Republika Srpska) Act Bosnia and Herzegovina 2005 source
Resolução Susep nº 99, de 24 de setembro de 2026 (SUSEP Resolution 99 on AML/CFT/proliferation financing policies, procedures and internal controls) Regulation Brazil 2026 source
Circular SUSEP nº 638, de 27 de julho de 2021 (SUSEP Circular 638 on cyber security requirements for supervised insurance entities) Circular Brazil 2021 source
Circular SUSEP nº 612, de 18 de agosto de 2020 (SUSEP Circular 612 on AML/CFT policies, procedures and internal controls) Circular Brazil 2020 source
Lei Complementar nº 109, de 29 de maio de 2001 (Complementary Law 109/2001 on the Supplementary Pension Regime) Act Brazil 2001 source
Decreto-Lei nº 73, de 21 de novembro de 1966 (Decree-Law 73/1966 on the National Private Insurance System) Act Brazil 1966 source
Code des assurances de la CIMA (CIMA Insurance Code) Act Burkina Faso — source
Code des assurances des États membres de la CIMA (Insurance Code of the CIMA member states) Act Cameroon — source
Life Insurance Capital Adequacy Test - Guideline (2025) Guideline Canada 2025 source
Insurance Companies Act Act Canada 1991 source
Code des assurances des États membres de la CIMA (Insurance Code of the CIMA member states) Act Chad — source
Decreto Ley N° 3.538, que crea la Comisión para el Mercado Financiero Act Chile 1980 source
Ley del Régimen Privado de Pensiones Complementarias, Ley 7523 (Private Supplementary Pensions Regime Law, Law 7523) Act Costa Rica 1995 source
Insurance Act (Zakon o osiguranju) Act Croatia 2015 source
Act on the Croatian Financial Services Supervisory Agency (Zakon o Hrvatskoj agenciji za nadzor financijskih usluga) Act Croatia 2005 source
Insurance and Reinsurance Business and Other Related Matters Law of 2016 (Ο περί Ασφαλιστικών και Αντασφαλιστικών Εργασιών και Άλλων Συναφών Θεμάτων Νόμος του 2016, 38(I)/2016) Act Cyprus 2016 source
Bekendtgørelse af lov om forsikringsvirksomhed i tværgående pensionskasser, livsforsikringsselskaber og skadesforsikringsselskaber m.v., LBK nr. 461 af 26. april 2026 (Consolidated Insurance Business Act) Act Denmark 2026 source
Loi n°161/AN/12/6ème L du 9 juin 2012 portant réglementation applicable aux entreprises d'assurance (Law 161/AN/12/6th L of 9 June 2012 on the Rules Applicable to Insurance Companies) Act Djibouti 2012 source
Insurance Act, 2012 (Act No. 4 of 2012) Act Dominica 2012 source
Ley 87-01 que crea el Sistema Dominicano de Seguridad Social (Law 87-01 creating the Dominican Social Security System) Act Dominican Republic 2001 source
Social Insurance and Pensions Law No. 148 of 2019 Act Egypt 2019 source
Code des assurances des États membres de la CIMA (Insurance Code of the CIMA member states) Act Equatorial Guinea — source
Insurance Act, 2005 Act Eswatini 2005 source
Retirement Funds Act, 2005 Act Eswatini 2005 source
Draft Insurance Proclamation Act Ethiopia 2026 source
Directive No. SIB/62/2026 on Licensing of Insurance Broker Direction Ethiopia 2026 source
Code des assurances (Insurance Code) Act France — source
Insurance Regulations 2005 Regulation Gambia 2005 source
Circular 09/2025 (VA) – Minimum requirements under supervisory law on the system of governance of insurance undertakings under Solvency II (MaGo für SII-VU) Circular Germany 2025 source
National Pensions Act, 2008 (Act 766) Act Ghana 2008 source
Law 4583/2018 (Government Gazette A 212) — insurance distribution, transposing Directive (EU) 2016/97 Act Greece 2018 source
Law 4364/2016 (Government Gazette A 13, 5.2.2016) — adaptation of Greek legislation to Directive 2009/138/EC (Solvency II) and other provisions Act Greece 2016 source
Insurance Act, Cap. 150 (Act No. 5 of 2010) Act Grenada 2010 source
Ley de la Comisión Nacional de Bancos y Seguros (Decreto No. 155-95) Act Honduras 1995 source
Lög um vátryggingastarfsemi nr. 100/2016 (Act No. 100/2016 on Insurance Activities) Act Iceland 2016 source
Pension Fund Regulatory and Development Authority Act, 2013 Act India 2013 source
Insurance Act, 1938 Act India 1939 source
Undang-Undang Nomor 40 Tahun 2014 tentang Perasuransian (Law Number 40 of 2014 on Insurance) Act Indonesia 2014 source
Guidance for (Re)Insurance Undertakings on Climate Change Risk Guideline Ireland 2023 source
Decreto legislativo n. 209 del 7 settembre 2005 - Codice delle assicurazioni private (Private Insurance Code) Act Italy 2005 source
Financial Services Commission Act (with amendments to 2016) Act Jamaica — source
Comprehensive Guidelines for Supervision of Insurance Companies Guideline Japan 2021 source
保険業法 (Insurance Business Act, Act No. 105 of 1995) Act Japan 1995 source
О страховой деятельности (Law on Insurance Activity) Act Kazakhstan 2000 source
Retirement Benefits Act No. 3 of 1997 Act Kenya 1997 source
Insurance Act (Cap. 487) Act Kenya 1985 source
Law No. 05/L-045 on Insurance (Ligji nr. 05/L-045 për Sigurimet) Act Kosovo 2015 source
Law No. 125 of 2019 on the Regulation of Insurance Act Kuwait 2019 source
Executive Regulations of Law No. 125 of 2019 on the Regulation of Insurance (as amended by Decisions No. 11 of 2022, No. 23 of 2024, No. 5 of 2025 and No. 20 of 2025) Regulation Kuwait 2019 source
Pension Funds Act, 2019 (Act 5 of 2019) Act Lesotho 2019 source
Insurance Act, 2014 (Act 12 of 2014) Act Lesotho 2014 source
Insurance Act, 2013 Act Liberia 2013 source
Gesetz vom 12. Juni 2015 betreffend die Aufsicht über Versicherungsunternehmen (Versicherungsaufsichtsgesetz; VersAG) (Insurance Supervision Act) Act Liechtenstein 2015 source
Republic of Lithuania Law on Insurance (No IX-1737) Act Lithuania 2003 source
Loi du 7 décembre 2015 sur le secteur des assurances (Law of 7 December 2015 on the insurance sector) Act Luxembourg 2015 source
Lei n.º 15/2024 Lei da actividade de mediação de seguros (Law 15/2024, Insurance Mediation Activity Law) Act Macao 2024 source
Lei n.º 21/2020 Alteração ao Decreto-Lei n.º 27/97/M, de 30 de Junho (Law 21/2020, Amendment to Decree-Law 27/97/M) Act Macao 2020 source
Climate Risk Management and Scenario Analysis (BNM/RH/PD 028-124) Guideline Malaysia 2025 source
Outsourcing (BNM/RH/PD 028-93) Guideline Malaysia 2019 source
Code des assurances des États membres de la CIMA (CIMA Insurance Code) Act Mali — source
Insurance Business Act (Cap. 403) Act Malta 1998 source
Insurance Act 2005 Act Mauritius 2005 source
Insurance Act of 2006 (Title 37, Subtitle I, FSM Code) Act Micronesia 2006 source
Law on the business of insurance and reinsurance No 92 of April 7th, 2022 Act Moldova 2022 source
Loi n° 64-12 portant création de l'Autorité de contrôle des assurances et de la prévoyance sociale (Law No. 64-12 establishing the Insurance and Social Welfare Supervisory Authority) Act Morocco — source
Aviso n.º 1/CA-ISSM/2023, de 25 de Outubro – Directrizes sobre Prevenção e Combate ao Branqueamento de Capitais, Financiamento do Terrorismo e Proliferação (Notice 1/CA-ISSM/2023, AML/CFT/PF guidelines for insurance activity and its intermediation) Guideline Mozambique 2023 source
Insurance (Prudential Supervision) Act 2010 Act New Zealand 2010 source
Guidelines for Insurtech Operations in Nigeria Guideline Nigeria 2025 source
Insurance Regulatory Sandbox Operational Guidelines Guideline Nigeria 2023 source
Закон за доброволно капитално финансирано пензиско осигурување (Law on Voluntary Fully Funded Pension Insurance) Act North Macedonia 2008 source
Закон за супервизија на осигурување (Law on Insurance Supervision) Act North Macedonia 2002 source
Закон за задолжително капитално финансирано пензиско осигурување (Law on Mandatory Fully Funded Pension Insurance) Act North Macedonia 2002 source
Act on financial institutions and financial groups (Financial Institutions Act) Act Norway 2015 source
Act on insurance activities (Insurance Activities Act) Act Norway 2005 source
مرسوم سلطاني رقم 20/2024 بإنشاء هيئة الخدمات المالية وإصدار نظامها (Royal Decree 20/2024 Establishing the Financial Services Authority and Promulgating its System) Act Oman 2024 source
Insurance Ordinance, 2000 Act Pakistan 2000 source
Capital Market Authority Law No. (13) of 2004 (قانون هيئة سوق رأس المال رقم (13) لسنة 2004م) Act Palestine 2004 source
Ley 12 de 3 de abril de 2012, que regula la actividad de seguros (Law 12 of 3 April 2012 regulating insurance activity) Act Panama 2012 source
Ley N° 827/1996 De Seguros (Law 827/1996 on Insurance) Act Paraguay 1996 source
Republic Act No. 10607, An Act Strengthening the Insurance Industry Act Philippines 2013 source
Ustawa z dnia 11 września 2015 r. o działalności ubezpieczeniowej i reasekuracyjnej (Act of 11 September 2015 on Insurance and Reinsurance Activity) Act Poland 2015 source
Regime Jurídico de Acesso e Exercício da Atividade Seguradora e Resseguradora — Lei n.º 147/2015, de 9 de setembro (Legal Regime for Access to and Exercise of Insurance and Reinsurance Activity) Act Portugal 2015 source
Code des assurances des États membres de la CIMA (Insurance Code of the CIMA member states) Act Republic of the Congo — source
ObligationCountryNatureVerifiedSourceDetail
Annual ML/TF risk self-assessment filed with ARSEG Angola Annually, by 31 March of the following year source View →
Suspicious transaction reporting to COAF (insurance sector) Brazil Within 24 hours of concluding the analysis source View →
Annual AML/CFT effectiveness report (insurance sector) Brazil Annually: base date 31 December, delivered by 31 March source View →
Insurer registration Eswatini Before carrying on insurance business source View →
Retirement fund audited financial statements Eswatini Within 6 months after financial year-end source View →
Insurance distribution: pre-contract information, advice and best-interest duty France At each sale of insurance source View →
Make mandatory MPF contributions for employees Hong Kong Monthly, by the 10th of the following month source View →
Insurance business licence Japan Before carrying on insurance business source View →
AML programme, customer identification and record keeping (insurers) Mali Records kept at least 10 years (Art. 18) source View →
Insurers' annual audited balance sheet Micronesia Within three months after the end of each fiscal year source View →
Prior authorisation of insurance companies Monaco Before creation and before starting operations source View →
Insurtech registration and licensing Nigeria Before commencing; renew 45 days before expiry source View →
Insurers: annual business report, balance sheet and profit and loss statement North Korea Within 3 months after the end of the business year source View →
Insurer outsourcing licence North Macedonia Licence needed before the outsourcing agreement source View →
Licence required for insurance business and annual licence renewal Samoa Licences expire each 31 December; notice of intention to renew due before 30 November (s.19) source View →
AML/CFT notice compliance by life insurers Singapore Ongoing source View →
Takaful operator licensing Somalia Before operating; renew annually source View →
Insurance business licence South Africa Before conducting insurance business source View →
Life insurer licensing and public company form Thailand Before writing life insurance source View →
Insurer annual audit and actuarial review Uzbekistan Annually source View →
DateEntityCountryActionPenaltySource
23 OCT 2026 Compensa Towarzystwo Ubezpieczeń Spółka Akcyjna Vienna Insurance Group Poland Monetary Penalty PLN 5,000,000 source
12 OCT 2026 GENERALI OSIGURANJE d.d., Zagreb Croatia Remedial Direction — source
9 OCT 2026 プルデンシャル・ホールディング・オブ・ジャパン株式会社 (Prudential Holding of Japan Co., Ltd.) Japan Remedial Direction — source
9 OCT 2026 ジブラルタ生命保険株式会社 (Gibraltar Life Insurance Co., Ltd.) Japan Business Restriction · Remedial Direction — source
9 OCT 2026 プルデンシャル生命保険株式会社 (Prudential Life Insurance Co., Ltd.) Japan Business Restriction · Remedial Direction — source
30 SEP 2026 Cristina Dolghi, Director General, SAR "MOLDCARGO" SA Moldova Monetary Penalty MDL 756,250 source
26 SEP 2026 KPMO Services Brunei Monetary Penalty · Criminal Resolution BND 3,300 source
24 SEP 2026 Allied Cooperative Insurance Group (ACIG) Saudi Arabia Business Restriction — source
17 SEP 2026 AU Chi Yan Hong Kong Licence Action — source
11 SEP 2026 Dansk Boligforsikring A/S Denmark Remedial Direction — source
30 JUL 2026 Brokerul de Asigurare-Reasigurare "ELSE ASSISTANCE" SRL Moldova Licence Action — source
30 JUL 2026 Iurie Munteanu, administrator of Agentul de Asigurare "PROINFO ASIG" SRL Moldova Monetary Penalty MDL 264,292.57 source
27 JUL 2026 China Industrial Securities International Asset Management Limited Hong Kong Monetary Penalty · Formal Reprimand HKD 6,800,000 source
24 JUL 2026 INSURANCE COMPANY ,,EUROINS” AD Poland Monetary Penalty PLN 86,800 source
20 JUL 2026 HDI Global SE United Kingdom Settlement · Monetary Penalty £4,165,000 source
17 JUL 2026 G4S Insurance Limited South Africa Monetary Penalty ZAR 1,426,524 source
2 JUL 2026 Australian Fiduciaries Limited (In Liquidation) Australia Licence Action — source
JUL 2026 Generali Romania Asigurare Reasigurare S.A. Romania Monetary Penalty RON 52,400 source
JUL 2026 Omniasig Vienna Insurance Group S.A. Romania Formal Reprimand — source
29 JUN 2026 Mercer Superannuation (Australia) Limited Australia Monetary Penalty AUD 10,300,000 source
23 JUN 2026 Bochumer Versicherungsverein auf Gegenseitigkeit Germany Licence Action — source
12 JUN 2026 Insurance Joint-Stock Company DallBogg: Life and Health AD Poland Monetary Penalty PLN 100,500 source
12 JUN 2026 InterRisk Towarzystwo Ubezpieczeń SA Vienna Insurance Group Poland Monetary Penalty PLN 2,700,000 source
9 JUN 2026 ZAD DallBogg: Life and Health JSC Bulgaria Licence Action — source
29 MAY 2026 HTFS Nominees Pty Limited Australia Business Restriction · Remedial Direction — source