Asia Pacific Insurance Capital management

Features and key stories

Sunset view of Sydney Harbour: the Opera House with the Harbour Bridge in the background over calm water, framed by green foliage on the sides.

City street at dusk with light trails from moving cars and a lit Tokyo Tower in the distance.

Wide city skyline with tall glass skyscrapers, blue sky, and a tree-lined plaza in the foreground. Central modern buildings flank a historic red-roofed structure to the right.

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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.

Zurich seals US$10.9bn bid to buy Beazley

Following a series of failed bids, Zurich has now agreed terms to create a specialty insurance business with about US$15bn in annual gross written premiums.

QBE to take sole ownership of India's Raheja QBE in US$35.4m buyout

The move, subject to IRDAI approval, follows 18 years of the Group's joint ownership of the insurer with Prism Johnson Limited.

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...

Zurich Australia to acquire ClearView in A$415m deal

ClearView’s board has unanimously backed the deal, with completion expected in the third quarter of 2026, pending regulatory approval.