Asia Pacific Insurance Regulation

Features and key stories

Gavel resting on a black law book with the Indian flag beside it on a wooden desk, symbolizing Indian law and justice.

Man in a navy suit and pink tie giving a speech at a blue podium labeled Insurance Authority.

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India’s first comprehensive MGA rulebook arrives in GIFT City

The dedicated framework allows MGAs to design products and run the policy lifecycle, but restricts them from entering reinsurance or syndicate structures.

Hong Kong insurers deepen AI push as regulator adds three to cohort programme

The AI Cohort Symposium 2026 saw first-batch participants report gains across underwriting, claims and customer service, while newcomers Manulife, BOC Life and China Life unveiled new plans.

Softbank's PayPay to acquire 70% stake in T&D Financial Life for US$840m

The transaction would give PayPay a direct foothold in Japan’s life sector and create new cross-selling options with its existing customer base.

OIC cuts Thai insurance growth outlook as Middle East conflict raises costs

The regulator pointed to higher claims costs, tighter reinsurance appetite and pressure on trade-exposed lines as external volatility feeds into the sector.

Thailand's OIC puts insurers at centre of resilience push as risks and costs rise

The regulator is reshaping the insurance market through a five-year plan that extends regulatory reach to entire corporate groups, tightens capital standards, and pushes insurers to close the country's...

China issues new regulatory framework for insurance asset management

NFRA has set out requirements across four key pillars, while stressing firms must pursue high-quality development and compete in an orderly way to prevent market chaos.

A line in the strand: What Australia's genetic testing ban means for the life insurance industry

A total ban on genetic discrimination in life insurance triggers a major compliance overhaul aimed at boosting public health outcomes

Tasmania pivots TasInsure from state insurer to government-owned authority

The reworked model will now focus on market interventions for hard-to-insure risks, rather than competing directly with insurers.

Private credit gains ground with APAC insurers as RBC reshapes demand

Allocations remain resilient as insurers prioritise liability matching and capital efficiency.

Hong Kong IA finalises RBC amendments to incentivise infrastructure investment

Following feedback from 42 respondents, the Insurance Authority has finalised amendments to the RBC regime, with additional guidance to be issued ahead of implementation.

India’s cyber insurance demand grows as DPDP Act reshapes underwriting focus

Brokers report growing interest in cyber insurance following the introduction of the DPDP Act, as buyers reassess limits, coverage and compliance exposure.

Japan FSA proposes tighter checks on life reinsurance deals

The draft guidance proposes stress tests for asset-intensive reinsurance deals, including recapture events and multiple reinsurer failures, to assess impacts on solvency and reserves.

Australian general insurer complaints rise 30% in FY2025

ASIC's new dashboard shows that premium disputes and claims handling delays drove the rise.

Singapore, Australia show systemic risk progress, but IAIS flags liquidity disclosure gaps across markets

The IAIS's multi-year assessment of 16 jurisdictions finds resolution tools underdeveloped and liquidity stress-testing requirements uneven, even as macroprudential supervision matures.

Singapore’s new IP rider rules may lower premiums but are no ‘silver bullet’ for medical inflation

The new rules will trim IP rider prices by about 30% on average, but insurers still face mounting pressure to manage claims and risk‑pool shifts in a high‑inflation environment.

Japan FSA plans tighter oversight on insurance sales conduct

The proposals would require agencies to set clearer standards for recommendations, give customers fuller explanations and strengthen internal oversight.

New MGA regime flagged as last-mile growth lever for India’s insurance market

Newly recognised MGAs can bind policies and underwrite risks locally, offering a faster route to regional and niche product growth in India.

India’s surety market surges, but recovery risks, data gaps constrain full potential

India’s surety segment is drawing global attention, but experts caution that legal clarity, underwriting discipline, and reliable contractor data remain essential for sustainable growth.

Japan’s economic solvency shift exposes gaps among smaller players

Japan’s move to market-consistent solvency reporting will bring new pressures on capital adequacy and risk management.

Hong Kong extends ILS Scheme as 2026-27 budget targets emerging tech opportunities

The budget outlines support for new insurance solvency rules and greater disclosure standards, but focus on growth sectors—such as low-altitude aviation and autonomous vehicles—will bring new opportunities...