Regulatory

Swiss Re: India needs to relax FDI rules to close country’s protection gap

November 21 2024

India’s top insurance regulator recently said there was room for more than 70 additional carriers to enter the domestic market.

Hanwha Life teams up with Stanford University for AI project

November 20 2024

Hanwha Life is exploring four AI-related issues: asset management, digital personas, healthcare, and governance.

Specialist Risk Group looks to Asia with global regulatory hire

November 19 2024

Jaya Taylor will be joining from Allianz Global Corporate & Specialty in the New Year as the firm looks to ramp up its Asia expansion plans.

philippine-insurance-commission-revises-infrastructure-investments-guidelines-for-reinsurers

Philippines revises infrastructure investments guidelines for (re)insurers

November 19 2024

New guidelines from the Insurance Commission expand on types of PDP infrastructures to be invested in, while streamlining pre-approval requirements.

new-regulations-enhancing-focus-on-long-term-profitability-for-koreas-non-life-insurers-am-best

New regulations raising long-term profitability focus for Korea's non-life Insurers: AM Best

November 15 2024

AM Best maintains stable outlook for segment, reflecting long-term insurance growth and underwriting resilience, despite market challenges.

New Zealand Parliament passes Contracts of Insurance Bill

November 15 2024

New legislation comes into effect in three years and consolidates several outdated insurance regulations into one cohesive framework.

insurer-accountability-on-asics-2025-enforcement-agenda

ASIC puts insurer accountability on 2025 enforcement agenda

November 14 2024

Australian watchdog puts "Failures by insurers to deal fairly and in good faith with customers" on key priorities list.

singapores-central-bank-chief-explains-why-capital-reduction-plan-in-income-allianz-deal-was-blocked

MAS chief explains why capital reduction plan in Income-Allianz deal was blocked

November 14 2024

Inconsistency with previous commitments was behind rejection of a proposed SG$1.85bn (US$1.38bn) capital reduction says MAS Chairman and Deputy PM Gan Kim Yong.

IRDAI ombudsman member urges insurers to simplify policy language - report

November 12 2024

Pushpa Girimaji calls for clearer policies to reduce misunderstandings and grievances.

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.

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