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Emerging risks | Growth Opportunities | APAC Insurance

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Saturday, October 31, 2026

Legal

A sketch of a court room. MLC logo in top left corner.
MLC hit with AU$10 million penalty - ASIC promises to take similar action against insurers who don't act in good faith
May 19 2023
Australia's Federal Court found MLC contravened the ASIC Act, the Corporations Act, and the Insurance Contracts Act.
A photo of someone looking at a document under a magnifying glass. Hong Kong Insurance Authority logo in top left corner.
Hong Kong Insurance Authority takes disciplinary action against former insurance agent for false academic transcript
May 17 2023
The ex-agent was barred for three years. Their offence predates current regulatory regime, which has a maximum penalty of HK$50,000 and six months imprisonment.
A photo of a pan of liquid being reduced for cooking purpsoes. HKIA logo in top left corner.
2022 saw 16% reduction in Hong Kong insurance complaints
May 16 2023
Complaints concerning 'conduct' saw 32% decline while  'representation of information' rose to the top as the most common complaint. 
A sketch of people in a courtroom.
ASIC launches legal action against HCF Life over alleged unfair and misleading terms
May 12 2023
The expansion of unfair contract term protections was part of a recommendation by Australia's 2017 Financial Services Royal Commission.
A coloured sketch of a group of business people speaking in a formal setting. Medibank logo in top left corner.
Medibank faces third class action lawsuit over October 2022 cyber breach
May 8 2023
The class-action from Slater & Gordon follows Baker & McKenzie's in February and Quinn Emanuel Urquhart & Sullivan's in March.
Photo of Indian man posting mail.
Bajaj Allianz Life and ICICI Prudential named in fictitious services and fraudulent tax credits probe
April 26 2023
The case could however be without merit with insurers asking IRDAI to backdate a new rule, which cold nullify any case against them
Photo of a group of lawyers walking down stairs. Meridan logo in top left.
Australia: Meridian Lawyers bolsters insurance offering with 19 new hires
April 17 2023
The latest round of recruitment follows the hiring of insurance principal Cameron Solley in November
Photo of Indian main mailing something.
Report: Indian GST Authorities issue notices to insurers for fictitious services and fraudulent tax credits
April 13 2023
The notices are for disguised payouts which may have given insurers a competitive advantage.
Illustration of a legal hearing. Marketland and BCC logos in top left and top right corners.
Australia: Marketlend settles with Tokio Marine's BCC, litigation continues against QBE and Chief Trade Credit Insurance
April 13 2023
The settlement could set a precedent for other disputes involving cover for commodity trades.
Photo of someone holding an insurance policy. Auto & General and APRA logos in top left and top right.
ASIC takes action against Auto & General over unfair contract terms
April 7 2023
ASIC alleges the notification obligations imposed on policy holders are unclear and unfair
Photo of judges hammer. Insurance Authority and Target Insurance logos in top left and top right.
Target insurance end challenge against Insurance Authority
April 4 2023
In January 2022, IA made the decision to appoint external managers in order to protect policy holders
Illustration of lawyers speaking to clients. Medibank logo in top left corner.
Medibank hit with second class action lawsuit
March 30 2023
The lawsuit comes after its major October 2022 cyber reach
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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.