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Regulatory
NZ's Momentum Life sees rating downgrade on capital adequacy, ERM concerns
February 14 2025
AM Best downgrades ratings to 'Fair' and places them under review with negative implications.
Hanwha General Insurance dismisses reports of Carrot Insurance sale
February 13 2025
Carrot has faced financial pressures in recent years.
Dickson Wong named Director at Global Asia Insurance Partnership
February 13 2025
He joins from PwC Singapore, where he was part of the Risk and Modelling Services team for SEA.
Albanese Government opens consultation on genetic test ban in life insurance
February 13 2025
Australian government’s ban follows years of debate over genetic discrimination in life insurance.
Australia: ICA to launch motor insurance code consultation in March
February 13 2025
Revised draft of Insurance and Repair Industry Code of Conduct will be open for public consultation for two months.
Hong Kong GI premiums hit HK$75bn in 9M 2024, according to first numbers under RBC regime
February 13 2025
RBC regime, which came into effect on 1 July, introduced new reporting requirements.
China's NFRA issues new guidelines to manage insurance concentration risk
February 13 2025
Regulator urges insurance groups to maintain adequate capital and liquidity buffers.
KGI Life’s capital strength rises to ‘Very Strong’ in 1H24
February 12 2025
Fitch affirms Taiwan insurer’s ‘A’ rating as risk-based capital ratio increases to 363% in 9M 2024.
NSW strata transparency laws take effect
February 11 2025
Laws require detailed disclosure of insurance quotes and prohibit commissions where insurance is arranged independently.
Indonesia: Industry awaits government approval for mandatory TPL motor insurance
February 11 2025
The anticipated January start for mandatory third-party motor insurance did not come to fruition.
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