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Regulatory
Hong Kong chief executive wants to attract marine insurers to city
October 17 2024
John Lee also used his annual policy address to announce plans to conduct a sector wide insurance review that would look at capital requirements for infrastructure investments.
Singapore makes swift Insurance Act amendment to provide government more authority over buyouts
October 17 2024
Amendment strengthens government oversight for acquisitions involving co-operative insurers and puts a formal stop to the Allianz-Income deal.
Hong Kong insurers’ solvency ratios halve under RBC
October 15 2024
The addition of several additional risk management metrics has significantly reduced Hong Kong insurers capital levels under the new regime.
Singapore will amend Insurance Act following rejection of Income-Allianz merger
October 15 2024
Amendment will create legal basis for input from minister overseeing co-operatives on deals involving co-op-related insurers.
Thai central bank open data project includes insurance sector
October 14 2024
Thailand's 'Your Data' project, led by the Bank of Thailand, aims to enable secure digital data sharing in finance across financial firms.
Korean insurers face IFRS 17 pressure from interest rate cuts
October 14 2024
Recent interest rate reduction by Bank of Korea could impact insurers' profitability.
NFRA publishes new guidelines in bid to make Shanghai a leading global shipping insurance hub
October 14 2024
Regulator issues set of guiding opinions, highlighting importance of synergy between primary carriers and reinsurers.
Indonesian regulator to strengthen insurance supervision with national database
October 10 2024
Financial Services Authority (OJK) is also preparing to implement PSAK 117, the country’s version of IFRS 17.
Listed Singapore insurers to start carbon emissions reporting in 2025
October 9 2024
Singapore Exchange mandates Scope 1 and 2 emissions disclosures for insurers by 2025, with Scope 3 implementation delayed.
HK Insurance Authority warns of rising cyber threat
October 8 2024
Cyber insurance penetration in Hong Kong is half the level of Singapore as a percentage of GDP.
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