Regulatory

australia-ibccc-sanctions-three-brokers-in-reporting-compliance-drive

Australian code committee sanctions three brokers in reporting compliance drive

June 18 2025

IBCCC highlights ongoing industry improvements but urges brokers to prioritise timely and accurate reporting.

hong-kongs-ia-boosts-market-surveillance-to-safeguard-policyholders

Hong Kong Insurance Authority steps up surveillance to deter misconduct among intermediaries

June 17 2025

IA is also working with industry bodies and other regulators to boost information-sharing and enforcement.

victoria-sets-up-expert-panel-to-review-strata-practices

Victorian government sets up expert panel to review strata practices

June 16 2025

Move comes four months after new strata transparency regulations, including insurance quote disclosures, took effect in New South Wales.

air-india-flight-ai171-crashes-in-ahmedabad-with-242-on-board

Air India tragedy: IRDAI issues urgent directives, insurers ease documentation to fast-track settlements

June 16 2025

The incident, expected to be India’s largest ever aviation insurance payout, has triggered the creation of a joint claims cell and expedited claims processing.

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.