Regulatory

rest-fined-over-insurance-failures-after-cover-was-wrongly-activated

ASIC fines Retail Employees Superannuation Fund over alleged misleading insurance cover statements

September 29 2025

More than 2,000 members were wrongly told they had active insurance cover after Rest issued incorrect annual statements and emails.

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South Korea life insurance market to grow 4.5% annually through 2030 on reforms, ageing population

September 29 2025

GlobalData estimates direct written premiums will expand to KRW234.3 trillion (US$167bn) in 2030.

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PVI boosts charter capital as regulatory rules drive sector-wide capital increases

September 29 2025

Hanoi-based non-life insurer said the capital injection will support its ability to underwrite larger and more complex projects and follows similar moves across Vietnam's insurance sector.

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New IRDAI chief warns high distributor commissions driving up policy costs, proposes mutual fund-style model: Report

September 29 2025

Chairman Ajay Seth has proposed insurers explore mutual fund-style distribution models as the regulator prepares to form a panel on reducing costs.

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MAS issues guidelines for financial institutions to prevent misleading online finance content

September 27 2025

The new framework, effective March 2026, outlines safeguards for banks, insurers and other firms, and follows MAS’ warnings to influencers over unlicensed financial advice.