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Emerging risks | Growth Opportunities | APAC Insurance

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Tuesday, September 1, 2026

Regulatory

Suncorp
Suncorp to settle class action over add-on insurance sales
February 28 2025
In an exchange announcement, the insurer denied any wrongdoing but confirmed it has decided to settle case.
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.
insurance-council-of-new-zealand-calls-for-greater-government-investment-in-climate-resilience
Half of New Zealanders want government to increase spending on climate resilience: ICNZ
February 28 2025
"Kiwis want to see more investment in resilience measures and action to avoid building in high-risk areas," says ICNZ chief exec Kris Faafoi.
china-to-lower-asset-requirement-for-hk-and-macau-institutions-to-invest-in-mainland-insurers
China lowers HK, Macau investment requirements for mainland insurers
February 28 2025
Financial institutions from two SAR's will no longer be required to have total assets of at least US$2 billion to invest in mainland China insurers.
australia-mtaa-urges-accc-to-block-insurance-mergers-amid-competition-concerns
Motor Trades Association of Australia urges ACCC to block IAG and Allianz acquisitions
February 28 2025
The MTAA has called on the regulator to stop IAG's acquisition of RACQ's underwriting business and Allianz's purchase of RAA.
australian-government-approves-health-insurance-premium-hikes-for-2025
Australian government approves health insurance premium hikes for 2025
February 27 2025
The approval follows two government rejections of insurers' initial proposals, with the latest refusal in January.
ica-calls-for-a30bn-flood-defence-fund-to-curb-insurance-risks
ICA calls for A$30bn flood defence fund to curb insurance risks
February 26 2025
Council warns that escalating flood risks are driving up claims costs and making insurance increasingly unaffordable.
ifrs-17-still-driving-asian-insurers-to-alter-product-mix-fitch
IFRS 17 still driving Asian insurers to alter product mix: Fitch
February 26 2025
Ratings agency expects region’s insurers to continue narrowing the ALM mismatch on their books due to the accounting standard.
niva-bupa-investigates-potential-data-breach
Niva Bupa investigating potential data breach
February 24 2025
If confirmed, the breach would mark another significant cybersecurity incident in India’s insurance sector.
indian-insurers-weigh-10-15-health-premium-hike-amid-rising-pollution-linked-claims
Indian insurers weigh 10%-15% health premium hike amid rising pollution-linked claims: Report
February 24 2025
Proposal is reported to be under review and pending approval from IRDAI.
irdai-mandates-implementation-of-unified-payments-interface-system-for-premiums
IRDAI mandates implementation of Unified Payments Interface system for premium processing
February 21 2025
Indian regulator has instruction all insurers to implement Bima-ASBA, a UPI-enabled system, by 1 March.
irdai-establishes-committee-to-review-insurance-act-amendments-report
IRDAI establishes committee to review insurance act amendments: Report
February 20 2025
Former State Bank of India (SBI) Chairman Dinesh Khara to lead panel, which contains industry and regulatory experts.
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