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Regulatory
QBE chair urges state tax cuts to ease premiums
May 12 2025
Mike Wilkins says state-imposed insurance taxes are inflating premiums by up to 40%.
HCF Life fined A$750,000 over misleading contract term in life policies
May 9 2025
The Federal Court of Australia finds concerns in policies in the life insurer’s ‘Recover’ range.
Global Asia Insurance Partnership appoints Min Hung Cheng as Chief Executive Officer
May 9 2025
Cheng previously served as Deputy CEO and Senior Director at the organisation.
Korea investigates insurance general agency data breaches
May 9 2025
Third-party vendor's compromised accounts prompt a privacy compliance audit by South Korea's data protection authority.
South Korea’s financial regulator completes review of MG Life, set to announce measures: Report
May 8 2025
Planned action will address the insurer’s failure to meet the minimum regulatory capital ratio.
China tightens rules on universal life insurance
May 8 2025
NFRA has unveiled sweeping reforms, mandating protection features and investment limits while banning short-term policies.
Korean insurers' overseas businesses rebound to profit in 2024
May 7 2025
The turnaround was driven mainly by stronger non-life insurance results and improved performance in the United States.
IRDAI proposes fee-based bancassurance model, ending bank commissions: Report
May 7 2025
The regulator has also proposed allowing banks to partner with multiple insurers.
RBI equips India’s insurers with new bond hedging tool
May 6 2025
Insurers can now leverage bond forwards for more precise protection against interest rate volatility.
Indian insurers to push for removal of GIC Re’s 4% obligatory cession: Report
May 6 2025
In February, IRDAI confirmed the 4% obligatory cession rate would remain for FY2025–26.
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