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Emerging risks | Growth Opportunities | APAC Insurance

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Saturday, October 3, 2026

Fines

asic-urges-home-insurers-to-strengthen-oversight-consumer-communication-after-2022-floods-review
ASIC appeals Federal Court ruling on HCF Life policy term
July 8 2025
In a ruling in October 2024, the Federal Court found the term misleading but dismissed the claim that it was unfair.
bupa-australia-agrees-to-pay-a35m-penalty-over-health-insurance-misconduct
Bupa Australia agrees to pay A$35m penalty over claim assessment failures
June 30 2025
"Our priority has been to communicate and compensate our affected health insurance customers and providers, along with putting in place measures to help ensure this does not happen again," says APAC Chief...
code-committee-penalises-aig-australia-a30000-over-delays-in-addressing-customer-complaints
Code committee penalises AIG Australia A$30,000 over delays in addressing customer complaints
June 26 2025
AIG must also undergo an independent audit by the CGC and is required to publish details of the breach on its website.
asic-fines-zurich-australia-a38000-for-trauma-insurance-claims-failures
ASIC fines Zurich Australia over denial of trauma insurance claims
May 16 2025
The insurer alerted regulator to its claims handling errors after identifying the mistakes during an internal review.
aa-insurance-new-zealand-fined-nz6-175m-due-to-discount-failures
IAG NZ faces FMA civil action over systemic pricing and discount failures
April 4 2025
The regulator alleges IAG breached fair dealing provisions under the FMCA, resulting in overcharges of around NZ$35m (US$20m).
insurance-broker-fined-for-failure-to-submit-audited-financial-statements
First brokerage conviction by Insurance Authority for non-submission of audited financial statements
March 20 2025
The company was fined HK$26,060 (US$3,353) for twice missing set deadlines.
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.
Aviva
Aviva India ordered to pay US$7.5m fine: Report
February 15 2025
Authorities allege business paid excess commissions and evaded tax, with insurer denying any wrongdoing.
aa-insurance-new-zealand-fined-nz6-175m-due-to-discount-failures
AA Insurance New Zealand fined NZ$6.175m due to discount failures
October 7 2024
New Zealand's High Court fines insurer NZ$6.175m (US$3.8m) for failing to apply discounts and bonuses, leading to overcharges.
hong-kong-insurance-authority-fines-broker-and-technical-representative-for-policy-mishandling
Hong Kong Insurance Authority fines broker and technical representative for policy mishandling
June 24 2024
HK$44,270 fine imposed for failure to manage a client's motor policy with "due care and diligence."
irdai-fines-go-digit-for-non-disclosure-of-share-conversion-change
IRDAI fines Go Digit for failing to disclose share conversion ratio change
May 8 2024
IPO-bound Go Digit is fined 10m rupees (US$120k) for its reporting oversight.
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.
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.