Regulatory

japan-pampi-club-announces-key-leadership-appointments-department-restructuring

Japan P&I Club announces key leadership appointments, department restructuring

June 13 2025

Club has appointed former director Yuichi Tanaka as Director and General Manager of its Reinsurance & Regulatory Affairs Department.

taiwan-fsc-introduces-interim-relief-measures-for-life-insurers-amid-market-volatility

FSC introduces interim relief measures for Taiwanese life insurers amid market volatility

June 13 2025

Under the interim measures, life insurers can use a six-month average exchange rate to calculate equity and risk capital for specific financial assets.

Allianz Commercial India hires Nagalaxmi Shetty as Chief Compliance Officer

June 13 2025

Shetty moves from Anand Rathi Insurance Brokers to take on the new role.

giaj-reports-progress-in-addressing-conduct-risks-plaguing-japans-insurance-industry

GIAJ launches new initiative to help address conduct risks plaguing Japan's insurance industry

June 13 2025

Japan’s insurance industry steps up reforms with new guidelines and a council to support third-party reviews of agency practices.

ACCC clears Allianz Australia’s acquisition of RAA insurance business

June 12 2025

The watchdog says the deal isn’t expected to reduce competition in the market.

korea-lowers-capital-adequacy-threshold-to-130

Korea lowers recommended capital adequacy ratio to 130%

June 12 2025

The FSC did not announce changes to the mandatory core capital requirement but said discussions will follow in the second half of the year.

acil-warns-it-will-push-for-government-appointed-assessors-over-poor-claims-handling

ACIL urges insurers to fix cash settlement processes or face government-appointed assessors

June 9 2025

Homeowners often receive unclear and inadequate cash settlements that fail to cover the full cost of repairs, says consumer watchdog.

report-indias-transport-ministry-considering-tp-premium-increase-following-regulators-proposal

India considering 18% hike for third party motor premiums: Report

June 9 2025

IRDAI has recommended an average of an 18% increase amid high loss ratios and rising claim costs.

australian-federal-court-rules-in-favour-of-auto-general-in-asic-legal-battle-over-policy-terms

Australian court dismisses ASIC appeal against Auto & General’s ‘unfair’ insurance clause

June 9 2025

Decision follows regulator's claims that policy wording placed unclear obligations on customers across several major insurance brands.

spike-in-significant-breaches-highlights-systemic-weaknesses-in-australias-life-insurance-sector

APRA, ASIC report early progress on life insurer reforms

June 9 2025

However regulators added that the long-term impact on the reforms remain to be seen.

asic-urges-home-insurers-to-strengthen-oversight-consumer-communication-after-2022-floods-review

ASIC tells property insurers to strengthen oversight, improve consumer communication

June 6 2025

Commissioner Alan Kirkland said insurers "still have more work to do" to strengthen oversight of independent experts and improve their claims handling processes.

south-koreas-non-life-insurers-see-stable-growth-amid-growing-capital-strains-am-best

Regulatory changes and interest rate shifts test South Korea’s non-life insurers: AM Best

June 5 2025

Ratings agency maintains stable outlook for the sector, with long-term insurance and steady investment helping to offset changing capital pressures.

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