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Emerging risks | Growth Opportunities | APAC Insurance

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Saturday, October 31, 2026

Legal

iag-to-defend-class-action-over-alleged-misleading-loyalty-discounts
IAG hit with class action for alleged loyalty discount deception
May 29 2024
Insurer to defend against Slater and Gordon class action over alleged misleading loyalty discounts on home and contents policies by IAG subsidiaries.
china-construction-bank-sued-over-alleged-role-in-facilitating-vesttoo-reinsurance-fraud
China Construction Bank sued over alleged role in facilitating Vesttoo reinsurance fraud
May 11 2024
US insurer Porch Group sues CCB, alleging its employees colluded with Vesttoo on fake letters of credit.
MonetaryAuthorityofSingapore
MAS issues 8-year ban to former agent for misappropriating S$117,160 in client premiums
April 19 2024
Agent had already been sentenced to 20 months prison for criminal breach of trust.
broker-and-referrer-arrested-in-hong-kong-for-alleged-unlicensed-insurance-activities
Broker and referrer arrested in Hong Kong for alleged unlicensed insurance activities
April 11 2024
IA and ICAC's first joint operation since October MOU results in arrests over allegations of unlicensed selling to Mainland China Visitors.
iag-pays-au37m-in-worker-back-pay-due-to-inadequate-systems
IAG pays AU$37m in worker back-pay due to inadequate systems
April 5 2024
Insurer self-reported non-compliance and pays over AU$21m (US$13.83m) for federal wages and entitlements, while settling AU$16.2m for state and territory long service leave entitlements.
high-court-rules-us10bn-aircraft-lessor-reinsurer-dispute-to-proceed-in-london-not-moscow
High Court rules US$10bn aircraft lessor-reinsurer dispute to proceed in London, not Moscow
March 30 2024
Aircraft lessors' claim against reinsurers to be heard in London to ensure trial fairness, rules Judge.
insurance-authority-and-hong-kong-police-force-sign-mou
Insurance Authority and Hong Kong Police Force sign MOU
March 28 2024
Memorandum of Understanding covers areas including case referrals, joint investigations, mutual investigative assistance, and the exchange of information
australian-federal-court-rules-in-favour-of-auto-general-in-asic-legal-battle-over-policy-terms
Australian Federal Court rules in favour of Auto & General in ASIC legal battle over policy terms
March 22 2024
Federal Court rules policy term, requiring notification of property changes, does not violate the ASIC Act.
internal-emails-reveal-turmoil-in-greensill-case-report
Internal emails reveal turmoil in Greensill case - report
March 21 2024
Court documents obtained by Australian Financial Review reveals insights into alleged breaches and regulatory concerns.
nz-financial-markets-authority-files-proceedings-against-tower-insurance-over-discount-failures
NZ FMA files civil proceedings against Tower Insurance over discount failures
March 8 2024
Financial Markets Authority alleges Tower overcharged customers NZ$9.5m (US$5.87m) by failing to apply multi policy discounts.
icac-charges-ex-insurance-authority-director-over-coercive-hiring-allegations
ICAC charges ex-Insurance Authority director over coercive hiring allegations
March 8 2024
Hong Kong's corruption watchdog charges Hui Mei-ying and daughter-in-law with misconduct in Prudential hiring case, with both granted bail.
australian-competition-tribunal-approves-anzs-acquisition-of-suncorps-banking-business
Australian Competition Tribunal approves ANZ's acquisition of Suncorp's banking business
February 20 2024
Tribunal overturns ACCC's decision, paving way for AU$4.9bn (US$3.2bn) acquisition, with Group CEO commenting the move will significantly strengthen Suncorp's ability to meet evolving insurance needs.
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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.