The insurer is pursuing acquisitions through Singlife as it seeks to build scale across Southeast Asia, with Thailand, Malaysia and the Philippines also identified as potential growth markets.
The government revived the blocked proposal, maintaining that the resulting savings are needed to expand aged care capacity and support older Australians.
Companies should map AI use, document controls and test incident plans as automated systems create exposures across cyber, liability and business interruption.
Disciplined underwriting and tight expense control kept the Hong Kong insurer’s net-net combined ratio at 90.3% in 2025 as motor, accident and health, and employees’ compensation business expanded.
The Singapore-flagged container ship sank after a projectile strike on 13 October, while NorthStandard-entered GFS Giselle took hull damage a day later.
Authorities warned against imposing uniform requirements on agents or suggesting contract terminations without sufficient consultation as the industry implements post-scandal reforms.
