Regulatory

QBE Asia promotes Jeyasakthi Ratnasingam to Head of Risk and Compliance

November 1 2024

Ratnasingam has been with QBE since June 2022 and was serving as Head of Compliance in Malaysia.

Regulator fines Japan's major non-life insurers for price-fixing

November 1 2024

JFTC has imposed fines totalling ¥2bn (US$13m) and issued cease and desist orders over anti-competitive activities.

APRA imposes additional capital requirement on Pacific International Insurance

November 1 2024

Additional AU$10m (US$6.58m) requirement applied after review finds inadequate oversight and control of its insurance intermediary arrangements.

Climate change means rising disease risk warns Hong Kong Insurance Authority

October 29 2024

Head of IA's comments come weeks after European scientists warned that insect-borne diseases were on the rise.

australian-federal-court-rules-in-favour-of-auto-general-in-asic-legal-battle-over-policy-terms

Australia's Federal court rules HCF Life's policy term could mislead consumers

October 28 2024

Justice Jackman says pre-existing condition clause is misleading, but not an unfair contract term under the ASIC Act of 2021.

MAS consults on tweaking Singapore’s insurance RBC regime

October 28 2024

Regulator wants to ‘finetune’ the treatment of infrastructure investment under its solvency assessment

IRDAI moves to overhaul fraud oversight following insurer data breaches

October 28 2024

Indian regulator takes action following high profile customer data loss at Star Health Insurance and Allied Insurance.

IRDAI’s Bima Trinity’s ‘first phase’ nears soft launch - report

October 24 2024

Soft launch of Bima Sugam, the country's digital insurance distribution platform, is expected within the coming months.

ASIC starts legal action against QBE over misleading pricing

October 23 2024

Customers were promised discounts for their loyalty when renewing their policies, ‘which they didn't receive’ alleges the regulator.

Top Indian insurance regulator says country needs more insurers

October 23 2024

India’s strong economic growth and 1.4 billion population means insurance sector needs to expand to meet demand said IRDAI chair.

China’s regulator proposes new ratings system for P&C insurers

October 22 2024

NFRA puts forward a new comprehensive rating system with 104 indicators across nine categories.

Insurance industry groups call on Commonwealth leaders to discuss weather risk

October 21 2024

The ICA, ICNZ and other industry groups have jointly written to their respective Prime Ministers calling for the issue to be put on the Commonwealth Business Forum agenda.

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25 September