Asia Pacific Insurance Capital management

Features and key stories

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India, Malaysia drive biggest insurance deals as APAC activity cools in Q2

Against a broader regional slowdown, Southeast Asia stood out as the most active deal market.

Indonesian insurers on track for end-2026 capital rules, but 2028 poses bigger test

More than 80% of insurers have already met OJK's 2026 requirements, but experts say capital alone will not fix weak fundamentals as tougher 2028 rules loom.

China publishes new measures to accelerate build-out of Shanghai reinsurance centre

The eight-point plan seeks to lift trading volumes, strengthen reinsurers' capital, and bring more international capacity into China's market.

RGA signs block coinsurance deals with Sumitomo Life and Anshin Life in Japan

Sumitomo Life turns to reinsurance for the first time as insurers across Asia move in-force blocks off their books.

MAS targets captive and ILS market growth with new corporate structure

Industry participants say the proposed framework, set to launch by 2028, could reduce costs, improve operational efficiency and support broader adoption of captives and insurance-linked securities.

APRA finalises reinsurance reforms easing access to alternative risk-transfer solutions

The reforms, set to take effect from 1 January 2027, expand the role of Appointed Actuaries and streamline regulatory approvals.

Japan's FSA finalises tighter rules on asset-intensive reinsurance

Insurers face broader expectations on stress testing, collateral quality, recapture planning and reinsurer due diligence under the revised guidelines, which apply from July 1.

Pacific Life Re inks third asset-intensive reinsurance deal with Tokio Marine & Nichido Life

Third transaction with Japanese life insurer underscores Pacific Life Re’s growing role in the country’s AIR market.

Resolution Life signs three new asset-intensive reinsurance deals across Hong Kong, Japan

Reinsurer has completed two in-force reinsurance deals covering participating whole-of-life portfolios in Hong Kong and one reinsurance agreement in Japan.

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...

South Korea's DB Insurance completes US$1.65bn acquisition of Fortegra

Fortegra will operate independently under its existing leadership as the two companies target growth across the US, Europe and Asia.

Japan’s reinsurance market enters a spikier, more volatile phase

Deepening competition has brought faster, more pronounced underwriting cycles.

MNRB to acquire remaining 80% of Labuan Re for US$100m

The deal will lift the group's ownership of Labuan Re to 100% and is slated to be completed by the fourth quarter of 2026.

Prudential to acquire 75% stake in India’s Bharti Life for US$389m

The deal is expected to require Prudential to cut its stake in ICICI Prudential Life to below 10%.

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.

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.

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.

Japan life insurers post 10% premium growth in December amid bond pressures, rising surrenders

Premium income and new annuity sales strengthen even as rising policy surrenders, bond yield pressures, and higher operating expenses weigh on the sector.

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.