The proposed regime would give the FSC broad intervention powers, including contract transfers, third-party takeovers and capital reductions, while excluding reinsurers from its scope.
The headwinds are set to pressure Suncorp's premium growth in H1 2027, with the insurer expecting a stronger second-half performance to offset part of the impact.
Taiwan, South Korea and Malaysia followed with declines of 15%, 13% and 10%, while Japan and Vietnam were the only markets to record increases, according to Marsh.
