News

APRA retires outdated guides to streamline insurance risk framework

January 15 2024

Australian regulator retires Prudential Guides GPG 250 and LPG 250, streamlining insurance risk management under the current CPS 220 standard.

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Moody's RMS projects insured losses from Noto Peninsula Quake could hit US$6bn

January 12 2024

Moody's RMS provides the latest industry loss estimate at between US$3bn to US$6bn.

Hong Kong regulator bans former technical representative for insurance certificate fabrication

January 12 2024

The former technical representative of a broker has been banned 4.5 years after admitting he falsified an insurance certificate.

hong-kong-ia-opens-public-consultation-on-four-draft-rules-related-to-upcoming-rbc-regime

Hong Kong IA opens public consultation on draft rules related to upcoming RBC regime

January 11 2024

The IA seeks industry feedback on draft rules affecting general, marine, captives, and Lloyd's market insurers.

prudential-life-enters-bancassurance-deal-with-cimb-thai

Prudential Life Thailand secures bancassurance partnership with CIMB Thai

January 11 2024

The ten-year deal will make PLT the exclusive provider of life insurance products to CIMB Thai's customers.

Generali to acquire full ownership of Chinese JV for US$108m

January 11 2024

Generali set to acquire 51% stake in Generali China Insurance from JV partner CNPC Capital, subject to regulatory approval.

trio-form-carter-briggs-hurle-after-leaving-sedgwick

Trio form new loss adjuster, Carter Briggs Hurle, following departure from Sedgwick

January 10 2024

Leon Briggs, Gary Hurle, and Jake Carter form new loss adjusting venture with a focus on commercial, liability, construction, and financial losses in the New Zealand and Pacific Island markets.

Singapore insurance body issues new ethical guidelines for intermediaries

January 10 2024

ICCSC releases paper which outlines best practices for GI intermediaries in 'maintaining and elevating standards of integrity.'

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China’s NFRA orders insurers to fortify cyber defences after ICBC ransomware attack - report

January 10 2024

China's financial institutions have been directed to conduct comprehensive security overhauls to prevent future breaches.

Insurance impact of Japan's Noto Peninsula earthquake likely to be 'small': Fitch

January 10 2024

Estimated losses are small compared to 2011's Great East Japan Earthquake, with Fitch echoing announcements from Moody's and AM Best that the credit impact on non-life insurers should be manageable.

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