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Emerging risks | Growth Opportunities | APAC Insurance

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Saturday, October 31, 2026

Legal

asic-targets-insurance-misconduct-as-complaints-soar-and-climate-risks-intensify
ASIC sues Choosi for allegedly misleading customers on insurance comparisons
June 3 2025
The regulator claims Choosi only compared policies from a single insurer despite advertising broader options.
asic-targets-insurance-misconduct-as-complaints-soar-and-climate-risks-intensify
ASIC takes Hollard Insurance to court over property-related claims handling
April 11 2025
The regulator alleges insurer failed to act in utmost good faith by repeatedly delaying assessment and settlement of a claim filed after storm damage in 2021.
iag-overhauls-reinsurance-program-to-limit-nat-cat-volatility-over-next-five-years
IAG pushes to delay A$7bn Greensill trial: Report
March 26 2025
The insurer is facing 10 claims from creditors, including Credit Suisse and US investment firm White Oak.
prudential-hong-kong-appoints-abhishek-kumar-as-cro-and-grace-lee-as-general-counsel
Prudential Hong Kong appoints Abhishek Kumar as CRO and Grace Lee as general counsel
March 14 2025
Both appointees will report to CEO Lawrence Lam and join the Hong Kong Executive Committee.
Suncorp
Suncorp to settle class action over add-on insurance sales
February 28 2025
In an exchange announcement, the insurer denied any wrongdoing but confirmed it has decided to settle case.
allianz-australia-awp-australia-fined-a16-8m-for-misleading-travel-insurance-advertising
Supreme Court of NSW fines Allianz, AWP A$16.8m for misleading travel insurance advertising
February 28 2025
The court found both companies misrepresented policy features and coverage levels online between 2016 and 2018.
IAG
IAG to release AU$200m from BI provision as class action ends
January 31 2025
Actuarial estimate comes after Federal Court rules that COVID-19 business interruption class action against subsidiary IAL will not proceed.
alllianz-set-to-pay-au170m-in-compensation-after-settling-car-add-on-insurance-class-action
Alllianz set to pay AU$170m in compensation after settling car add-on insurance class action
January 20 2025
ASIC has been criticising Australian insurer's car add-on insurance sales practices since 2016.
rhb-bank-appeals-high-court-ruling-in-bancassurance-dispute-with-tokio-marine-life-malaysia
RHB Bank appeals high court ruling in bancassurance dispute with Tokio Marine Life Malaysia
December 20 2024
The dispute centres on Tokio Marine Life’s right of first refusal under a bancassurance agreement, potentially influencing the bank's search for new partners.
iag-to-defend-class-action-over-nrma-insurance-loyalty-offers
IAG to defend class action over NRMA insurance loyalty offers
December 10 2024
The recent class action lawsuit is the newest in a series of legal challenges filed against IAG’s insurance units.
australian-federal-court-rules-in-favour-of-auto-general-in-asic-legal-battle-over-policy-terms
Australia's Federal court rules HCF Life's policy term could mislead consumers
October 28 2024
Justice Jackman says pre-existing condition clause is misleading, but not an unfair contract term under the ASIC Act of 2021.
australian-federal-court-rules-in-favour-of-auto-general-in-asic-legal-battle-over-policy-terms
ASIC starts legal action against QBE over misleading pricing
October 23 2024
Customers were promised discounts for their loyalty when renewing their policies, ‘which they didn't receive’ alleges the regulator.
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