Business type

wirecard-scandal-swiss-life-fined-sg200000-us149000-for-anti-money-laundering-and-counter-terrorist-financing-breaches

Wirecard Scandal: Swiss Life fined SG$200,000 (US$149,000) for inadequate AML laundering and CTF controls

June 22 2023

The Monetary Authority of Singapore fined Swiss Life and three banks for inadequate anti-money laundering and counter-terrorist financing controls, but found no evidence of willful misconduct.

tokio-marine-newa-insurance-receives-fourth-capital-injection-to-meet-minimum-capital-requirements-after-surge-of-covid-19-payouts

Taiwan: Tokio Marine Newa receives fourth capital injection to help meet regulatory capital requirements in wake of Covid-19 claims

June 22 2023

TMNI needed to increase its risk-based capital ratio above 50% or risk being taken over by Taiwan's Financial Supervisory Commission.

Manulife Hong Kong expands China hospital network

June 22 2023

The expanded coverage now includes 3000 hospitals in Mainland China.

icnz-over-nz1bn-us621m-paid-out-for-auckland-anniversary-weekend-floods-and-cyclone-gabrielle-so-far

ICNZ: Over NZ$1bn (US$621m) paid out so far for Cyclone Gabrielle and Auckland Anniversary Weekend Floods

June 22 2023

While 35% of claims have been settled, the Insurance Council of New Zealand's Chief Executive said there's still a long road ahead.

irdai-relaxes-go-to-market-rules-for-group-insurance-and-allows-combination-life-and-health-insurance-plans

IRDAI eases rules related to launch of group plans, enables 'combi' life & health products

June 22 2023

The Indian regulator has made the change as part of its ongoing aim to increase insurance penetration in the country.

Seoul Guarantee Insurance set to go public in Q4

June 21 2023

Korea Exchange (KRX) has received an application from SGI with a listing expected to take place in Q4 this year.

Fukoku Life launches JPY 5bn (US$35m) VC fund in partnership with Global Brain

June 21 2023

The fund, managed by Global Brain, aims to increase Fukoku Life's profitability through partnerships with start-ups.

report-reforms-could-see-indian-insurers-distributing-mutual-funds-for-the-first-time

Report: Reforms could allow Indian Insurers to distribute mutual funds for the first time

June 21 2023

The Department of Financial Services has proposed five amendments to the India Insurance Act which could open up new opportunities for insurers.

Malaysia: Etiqa partners with Petotum on embedded pet insurance partnership

June 21 2023

The businesses will partner to offer comprehensive pet insurance products in a user-friendly online platform.

hkecic-partners-with-five-major-banks-to-expand-trade-credit-offering-for-mainland-china

HKECIC partners with five major banks to expand trade credit offering for businesses dealing with Mainland China

June 21 2023

The pilot scheme provides increased transparency and shared risk, enabling HKECIC to provide credit insurance to exporters trading with private enterprises in China.

ojks-proposed-capital-requirements-increase-likely-to-lead-to-increased-ma-and-consolidation-of-indonesian-insurance-sector

OJK's proposed capital requirements to spur increased M&A and consolidation in Indonesia

June 21 2023

66 Indonesian (re)insurers would fail to meet increased requirements and a further 33 would struggle, driving M&A activity.

IAG's Firemark Ventures launches ClimateTech Center to help measure and mitigate climate change

June 20 2023

Firemark has joined up with Jerusalem Venture Partners (JVP) and Margalit Startup City to discover and develop startups and technologies which measure and mitigate climate impacts.

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