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Regulatory
Mandatory core capital requirement could spark consolidation in South Korea's insurance industry
March 27 2025
Mid-sized and smaller insurers likely to face "significant challenges" meeting proposed capital change.
Korea's FSC signals intensive review of Woori Financial's insurance acquisition plans: Report
March 27 2025
The review follows the Financial Supervisory Service’s downgrade of Woori’s management rating to Grade 3.
South Korean regulator weighing options as MG Non-Life edges closer to liquidation: Report
March 26 2025
Insurer's capital adequacy continues to deteriorate and FSC says there are limited options remaining.
IAG pushes to delay A$7bn Greensill trial: Report
March 26 2025
The insurer is facing 10 claims from creditors, including Credit Suisse and US investment firm White Oak.
Japan's FSA orders major insurers to improve practices following seconded employee data breaches: Report
March 25 2025
Order issued after two million customer records were inappropriately shared with primary employers.
OJK looks to shake up Indonesia's insurance industry with massive capital hikes
March 25 2025
Regulator's shock and awe campaign is a "significant global MCR event," says Guy Carpenter's Justin Ward.
APRA urges insurers to improve governance and claims management ahead of regulatory changes
March 21 2025
CPS 230 and FAR are set to reshape risk oversight, while Cyclone Alfred tests claims handling.
Pacific International registers combined ratio of 94.5% in FY 2024: AM Best
March 21 2025
AM Best affirms insurer's ratings, but spotlights regulatory compliance as a focal point moving forward.
Japan Post insurance arm embroiled in data misuse controversy affecting 10m customer accounts
March 21 2025
FSA calls for detailed reports to clarify extent of unauthorised data use by Kampo Life Insurance.
First brokerage conviction by Insurance Authority for non-submission of audited financial statements
March 20 2025
The company was fined HK$26,060 (US$3,353) for twice missing set deadlines.
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