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Emerging risks | Growth Opportunities | APAC Insurance

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Saturday, October 24, 2026

Regulatory

irdai-removes-age-limit-as-part-of-series-of-health-insurance-changes
IRDAI lifts age restriction as part of series of health insurance reforms
April 21 2024
Individuals 65 and older can now acquire health insurance, as IRDAI broadens coverage inclusivity and reduces waiting periods for pre-existing conditions.
MonetaryAuthorityofSingapore
MAS issues 8-year ban to former agent for misappropriating S$117,160 in client premiums
April 19 2024
Agent had already been sentenced to 20 months prison for criminal breach of trust.
independent-panel-seeks-public-consultation-on-australias-gi-code-of-practice
Independent panel seeks public consultation on Australia's GI Code of Practice
April 18 2024
Panel inviting feedback from public and industry stakeholders on four key areas, including customer vulnerability.
NFRA
China's NFRA releases new draft measures aiming to tackle insurance fraud
April 13 2024
New measures aim to tackle rise in fraud cases, outlining insurer responsibilities and encouraging sector-wide collaboration.
broker-and-referrer-arrested-in-hong-kong-for-alleged-unlicensed-insurance-activities
Broker and referrer arrested in Hong Kong for alleged unlicensed insurance activities
April 11 2024
IA and ICAC's first joint operation since October MOU results in arrests over allegations of unlicensed selling to Mainland China Visitors.
over-70-insurers-and-brokers-back-new-anti-scam-charter-in-hong-kong
Over 70 insurers and brokers back new anti-scam charter in Hong Kong
April 10 2024
Financial regulators, including IA, launch Anti-Scam Consumer Protection Charter 2.0 which outlines expectations on industry to help minimise digital fraud.
taiwans-fsc-greenlights-specialised-ev-clauses-from-1-july
Taiwan's FSC greenlights specialised EV clauses from 1 July
April 9 2024
Taiwan's electric vehicles to fall under new rules, which exclude battery damage as standard but allow coverage under additional riders.
IA_Ban
HK IA imposes three-year ban on agent for misappropriation of premiums
April 8 2024
Insurance Authority imposes three year ban on former agent for misappropriating premiums from a policyholder he had known since secondary school.
samsung-fire-amp-marine-exits-bancassurance-business
Samsung Fire & Marine exits bancassurance business
April 6 2024
Insurer ends 21-year bancassurance operations amid sales decline, rising interest rates, and regulatory changes.
australian-government-to-correct-legislation-that-eliminates-broker-commissions-report
Australian government to correct legislation that eliminates broker commissions - report
April 6 2024
Financial Services Minister pledges swift action on recently proposed legislation, which would have inadvertently made commission payments illegal.
iag-pays-au37m-in-worker-back-pay-due-to-inadequate-systems
IAG pays AU$37m in worker back-pay due to inadequate systems
April 5 2024
Insurer self-reported non-compliance and pays over AU$21m (US$13.83m) for federal wages and entitlements, while settling AU$16.2m for state and territory long service leave entitlements.
irdai-mandates-electronic-insurance-policies-from-1-april-2024
IRDAI mandates electronic insurance policies from 1 April 2024
March 30 2024
E-policies become mandatory for policies with sums insured over 100 (US$1.20) rupees or premiums of at least 10 rupees.
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