Regulatory

indias-insurance-regulator-calls-for-reforms-to-allow-100-foreign-direct-investment

IRDAI Chair calls for reforms to allow 100% foreign direct investment

November 11 2024

Debasish Panda is looking for policy changes to allow full FDI and greater operational flexibility for insurers.

APRA eyes easing of GI reinsurance regulations

November 8 2024

Australian regulator invites feedback on changes, such as the potential easing of capital requirements and improved access to cat bonds.

Philippines Insurance Commission issues first takaful licences to Pru Life and Etiqa

November 7 2024

The IC said it also plans to expand takaful offerings to include microtakaful for wider financial inclusion.

mas-will-pilot-differentiated-risk-capital-treatment-for-insurer-investments-into-green-infrastructure-gan-kim-yong

MAS to pilot differentiated risk capital treatment for insurer investments into green infrastructure

November 4 2024

Gan Kim Yong, Singapore’s Deputy Prime Minister and Chair of MAS, unveiled plans to incentivise insurers' green infrastructure investments while expanding ILS market.

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

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