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Emerging risks | Growth Opportunities | APAC Insurance

(Re)in Asia logo
Sunday, October 4, 2026

Fraud

former-china-construction-bank-manager-charged-with-bribery-linked-to-vesttoo-related-fraud
Vesttoo creditors sue Aon, China Construction Bank
August 15 2025
The lawsuit claims Aon and CCB enabled the creation of fake LOCs that triggered Vesttoo’s bankruptcy and widespread insurance sector losses.
ai-driven-fraud-surge-tests-apac-insurers
Surge in AI-driven fraud tests APAC insurers
May 8 2025
Rising sophistication and volume of AI-driven claim submissions puts upward pressure on costs and premiums.
china-launches-new-system-to-report-medical-insurance-fraud
China launches new system to report medical insurance fraud
April 8 2025
NHSA introduces WeChat-based reporting for medical insurance fraud with rewards for valid leads.
south-korea-identifies-krw1-15-trillion-in-insurance-fraud-cases-in-2024
South Korea identifies US$790m in insurance fraud cases in 2024
March 11 2025
The FSS plans stricter oversight, awareness campaigns, and collaboration with authorities to combat evolving fraud schemes.
koreas-fss-uncovers-broker-led-insurance-fraud-ring
Korean regulator unearths broker-led insurance fraud ring
May 30 2024
Korean regulator and police uncover a 2.1bn won (US$1.5m) fraud operation involving brokers, hospitals, and fake patients.
ica-appoints-andrew-gill-to-lead-new-counter-fraud-and-scams-function
ICA appoints Andrew Gill to lead new counter fraud and scams function
May 21 2024
ICA launches new counter fraud function aiming to tackle undetected fraud which is estimated to cost the insurance industry around AU$400m a year.
Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.