Regulatory

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-sets-course-to-make-shanghai-a-leading-global-shipping-insurance-hub

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.

AA Insurance New Zealand fined NZ$6.175m due to discount failures

October 7 2024

New Zealand's High Court fines insurer NZ$6.175m (US$3.8m) for failing to apply discounts and bonuses, leading to overcharges.

India U-turns on IFRS 17 roll-out

October 3 2024

India’s Corporate Affairs Ministry has postponed plans for the country’s insurers to report accounts using IND AS 104, the local version of IFRS.

Customer confidence increased by Hong Kong RBC regime

October 2 2024

The combined impact of HK RBC and IFRS 17 has led to an improvement in: product mix, economic valuation, and corporate governance by insurers, says Chow Tai Fook CFO.

China’s regulator plans to create science and technology insurance system

October 2 2024

NFRA says it is looking to drive insurance reforms, targeting tech sector growth and improved nat cat coverage.

NSW passes "tough" new strata reforms

September 23 2024

New rules in Australian state of NSW target conflicts of interest and insurance commissions with higher penalties and disclosure requirements.

new-zealand-reduces-planned-firefighting-and-motor-insurance-levies

New Zealand reduces planned firefighting levy increase

September 20 2024

Government reduces planned levy increases, which are collected through insurance premiums.

Previous 1 … 76 77 78 79 80 … 107 Next