The new reinsurance broker will initially serve Korea and Japan from Singapore before expanding into Southeast Asian markets including Malaysia and Indonesia.
Formerly of Tokio Marine, Hata leads the renamed EMIS Insurance Services, which offers personal lines cover to group employees and affiliated companies and risk consulting to corporate clients.
Domestic systemically important insurers would need larger boards, while insurers with less retail reach or lower systemic importance would face fewer approvals.
The regulator will also review funeral insurance in the first half of 2027 and report on life insurer service issues, while continuing to monitor cash settlements and motor premium disclosure.
