Regulatory

Bima Sugam, India's electronic marketplace, set for April 2025 launch - reports

June 8 2024

First phase set to launch April, according to comments from IRDAI Chairman Debasish Panda.

Two Philippine non-life insurers placed under conservatorship - report

June 7 2024

Insurance Commission reportedly take control of Premier Life and Trisco due to legal non-compliance.

China's regulator sets framework for inclusive insurance

June 6 2024

NFRA issued new guidelines to promote the development of inclusive insurance in China, focusing on broad coverage, affordability, fairness, and sustainability.

australian-government-provides-details-on-new-insurance-affordability-and-natural-hazards-taskforce

Australian Government outlines details of new insurance affordability and natural hazards taskforce

June 4 2024

Announced as part of the 2024-25 budget, the new taskforce will adopt a cross-government approach to reducing impacts of nat cats on the community.

new-ica-figures-underline-importance-of-emergency-services-levy-reform

New ICA data underlines importance of Emergency Services Levy reform for NSW insureds

June 3 2024

ICA data shows ESL adds between AU$305 and AU$1,200 annually for property policies, reinforcing importance of Government's ongoing reform efforts.

IRDAI overhauls health insurance regulations

May 31 2024

Indian regulator publishes master circular consolidating health insurance regulations, including mandating of faster claim authorisations.

Australian Consumers Insurance Lobby calls for reforms to GI Code of Conduct

May 29 2024

ACIL proposes 52 recommendations to Code of Conduct, aiming to close loopholes and improve consumer protections in light of increasing disputes.

India's Paytm withdraws GI licence application to focus on distribution

May 27 2024

Paytm redirects efforts to insurance broking, aiming to expand reach among consumers, small merchants and SMEs.

New executive directors for general and long term business appointed at Insurance Authority

May 24 2024

MM Lee has been appointed Executive Director of General Business and Marty Lui as Executive Director of Long Term Business at the HKIA.

insurance-authority-issues-warning-about-unlicensed-life-insurance-sales-to-mainland-china-visitors

Insurance Authority issues broker warning about unlicensed life insurance sales to Mainland China Visitors

May 22 2024

Hong Kong IA issues circular warning it has "no tolerance" on issue of unlicensed insurance referrals for Mainland China visitors.

Australian Senate launches new inquiry into insurance affordability

May 20 2024

Inquiry to investigate climate risk's impact on insurance premiums and affordability.

india-considers-regulatory-shift-on-digital-assets

India considering regulatory shift on digital assets - report

May 18 2024

Regulatory adjustments may open doors for digital asset insurance development.

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