Fines

Nippon Life’s India asset management unit agrees to US$10m settlement in SEBI probe — report

April 24 2026

In a one‑of‑a‑kind SEBI settlement, Nippon Life’s asset management unit will return funds to investors affected by Yes Bank bond losses.

prudential-explores-exit-from-icici-joint-venture-amid-india-strategy-rejig

ICICI Prudential Life faces US$25.6m GST demand after appeal partially upheld

April 8 2026

ICICI Prudential Life's appeal against a Maharashtra GST demand for FY2019 has yielded only partial relief, as the insurer's cumulative tax disputes continue to grow.

canara-hsbc-life-insurance-faces-us0-5m-gst-demand-over-input-tax-credit-claims

Canara HSBC Life Insurance faces US$500k GST demand over input tax credit claims

April 7 2026

The demand, covering FY2020, is the latest in a series of GST disputes to emerge across India's life and general insurance players.

Philippines' Insurance Commission fine and penalty collection jumps 86% to US$1.45m in 2025

April 7 2026

Premium collections and product sales topped PHP502bn as regulator steps up compliance enforcement.

go-digit-faces-1-7bn-rupees-gst-demand-after-adjudicating-authority-reaffirms-tax-order

Niva Bupa faces 284m rupee tax demand for assessment year 2023-24

March 17 2026

The health insurer confirmed it will appeal the order, which relates to broader disputes between Indian tax authorities and the insurance sector.

Go Digit faces 1.7bn rupees GST demand after adjudicating authority reaffirms tax order

March 9 2026

Go Digit General Insurance said that the GST demand relates to an industry-wide tax matter affecting insurance companies at large.

hong-kong-insurance-authority-fines-three-brokers-hk429000-over-ordinance-breaches

Hong Kong Insurance Authority fines three brokers over AML, CTF breaches

March 4 2026

The IA imposed fines totalling HK$429,000 (US$54,912) after finding breaches of anti-money laundering rules.

ICICI Prudential Life faces 9.8bn rupees exposure in GST demand and penalty case

February 23 2026

Insurer's appeal before the GST Commissioner (Appeals) has been dismissed.

NSW regulator SIRA fines QBE over delayed treatment payments

NSW regulator fines QBE over delayed treatment payments for compulsory motor

January 27 2026

QBE has acknowledged SIRA’s concerns and has remediated non-compliances.

irdai-proposes-new-collateral-requirements-for-cross-border-reinsurance-deals

Reliance General Insurance slapped with penalty for regulatory violations

December 31 2025

IRDAI has fined insurer 10m rupees (about US$120K) for breaches related to commission payments and outsourcing.

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