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Regulatory
Hong Kong Insurance Authority fines broker and technical representative for policy mishandling
June 24 2024
HK$44,270 fine imposed for failure to manage a client's motor policy with "due care and diligence."
India's GST Council rules reinsurance commissions and coinsurance premiums exempt from tax
June 24 2024
Council's ruling also nullifies US$1.4bn in demand notices sent to industry for non-payment of GST.
NFRA chief urges China's insurance industry to innovate and expand
June 19 2024
Speaking at the 15th Lujiazui Forum, Li Yunze emphasised the key role insurance will play in China's modernisation efforts.
ICA advocates for improved hardship and vulnerability provisions in GI code
June 18 2024
Australia's General Insurance Code of Practice is currently undergoing its three-yearly review.
Construction boom and government projects to boost Thailand's property insurance segment
June 17 2024
GlobalData projects 4.5% annual growth for Thailand's GI market between 2024 to 2028.
IRDAI mandates policy loans for life insurance savings products as part of new segment reforms
June 13 2024
New regulations include mandatory policy loans, extended free look period, and partial withdrawals for pension products.
APRA finalises guidance for upcoming op risk standard, CPS 230
June 13 2024
Regulator releases final cross-industry guidance to aid in the implementation of CPS 230, which will take effect from 1 July 2025.
Indian regulator introduces general insurance reforms
June 12 2024
Stricter claim rejections, flexible policy durations, and 'pay as you drive' motor options outlined in new master circular from the IRDAI.
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.
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