Life

ICICI Prudential Life to challenge US$391K tax demand after appeal rejection

September 15 2026

The GST demand and penalty relate to alleged non-payment of tax on certain outward supplies between 2017 and 2019.

HDFC Life to challenge US$351m GST demand and penalty before tribunal

September 14 2026

The insurer will pursue a further appeal after an appellate authority confirmed a disputed GST demand and penalty relating to the period between July 2017 and March 2022.

Indian Bank advances life insurance plans, eyes board approval

September 14 2026

The state-owned lender is considering a subsidiary or joint-venture structure, with partner selection likely in the next 12 months.

South Korea to require insurers to disclose actuarial assumption reports under IFRS 17

September 14 2026

The authorities are also expanding oversight of insurers' sales outsourcing to general agencies and interest-rate risk management.

IRDAI fines Canara HSBC Life and IndusInd Bank over mis-selling, grievance redressal lapses

September 11 2026

The latest penalties follow a string of enforcement actions targeting insurers' claims handling, expense management and operational controls.

Pacific Life Re completes first Hong Kong asset-intensive reinsurance deal

Pacific Life Re completes first Hong Kong AIR deal

September 8 2026

Its debut asset-intensive transaction in the market covers whole life liabilities ceded by a pan-Asian insurer

Maybank secures central bank nod for US$1.2bn takeover of Etiqa from Ageas

September 8 2026

The buyout gives Maybank greater strategic flexibility to grow Etiqa's insurance and takaful businesses while improving capital efficiency.

Federal Court of Australia finds insurance comparison service Choosi misled consumers

September 8 2026

The court found Choosi falsely promoted its platform as comparing policies from a range of insurers when it drew on a limited pool of providers.

Iris Cheung to lead Swiss Re's Hong Kong, Taiwan life & health book

September 8 2026

She replaces Torben Swart from 1 Nov, moving into the market-leadership role after 15 years at the reinsurer.

Korea Life Insurance Association rolls out AI tools for complaints handling, internal compliance

September 8 2026

The association is looking to expand its AI initiatives to 17 projects by next year.

Australian health insurers face margin squeeze as claims cost outpaces premiums — S&P

September 8 2026

Smaller insurers are most at risk if profitability weakens, the ratings agency warned.

LIC gets central bank's nod to acquire 9.99% stake in ICICI Bank

September 7 2026

A similar clearance was granted to the insurer in August in connection with raising its stake in HDFC Bank.

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