Regulatory

Australian regulator exploring potential concerns over IAG, Allianz acquisitions

February 4 2025

ACCC investigating whether IAG-RACQ and Alliianz-RAA deals might lead to higher premiums, lower service standards.

Complete control? Foreign insurers mull India FDI rule change

February 4 2025

India’s move to lift the 74% limit on foreign ownership of insurers is likely to spark structural change in the sector.

taiwan-aims-for-more-affordable-insurance-policies-for-the-elderly-and-economically-disadvantaged

Taiwan's FSC urges insurers to offer more products for elderly and disadvantaged

February 3 2025

Regulator wants industry to create more micro-insurance and small-amount end-of-life products.

India clarifies GST treatment for co-insurance, reinsurance transactions

February 3 2025

The government’s decision includes retrospective regularisation of GST treatment from 2017 to 2024.

india-to-allow-100-fdi-in-insurance-for-firms-investing-entire-premium-locally

Indian Finance Minister reaffirms 100% insurance FDI ambitions

February 3 2025

Nirmala Sitharaman said this enhanced limit will be available to firms which invest the entire premium in India

Generali bullish on China life prospects despite low rate risks

February 3 2025

CEO Giulio Terzariol says demographics mean the long term prospects for the firm’s Chinese life and general insurance businesses are good.

IRDAI caps senior citizen health insurance rate hikes at 10%

January 31 2025

The move follows the regulator’s decision to abolish the age cap of 65 years for purchasing health insurance.

Watchdog urges ACIL to name insurer penalised for claims code breach

January 31 2025

“Consumers and industry stakeholders deserve to know when an insurer has failed to meet its obligations,” says Chair of Australian Consumers Insurance Lobby.

IRDAI grants Niva Bupa extension to meet expenses of management limit: Report

January 30 2025

Regulator gives insurer until FY26 to meet new requirements.

Australian general insurer fined AU$100k for claims code breaches

January 29 2025

However Code Governance Committee opts not to name insurer, citing insurer's cooperation, transparency, and accountability as reasons.

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FWD Vietnam fined for misleading social media advertising

January 27 2025

Regulator imposes minimum penalty, citing first breach, full cooperation from insurer.

nfra-publishes-chinas-first-ev-insurance-specific-guidelines

NFRA issues China's first EV insurance-specific guidelines

January 27 2025

Regulators introduces guidelines in bid to address upward pressure on repair costs and premiums.

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