Regulatory

India braces for new entrants to its onshore reinsurance market

February 7 2024

Regulators have been travelling overseas to tout the country's strengths as a fast-growing place to do business.

indonesias-insurance-sector-set-for-consolidation-due-to-upcoming-minimum-capital-requirements

New capital requirements to drive consolidation in Indonesia's insurance market

February 6 2024

OJK will raise minimum requirements in 2026 and again in 2028, creating a leaner but more robust industry, Fitch said.

ICA CEO apologises for 2022 flood response shortcomings, promises improvement

February 5 2024

At Parliamentary inquiry, Hall said some claims 'were not handled to the standard our industry strives to achieve,' but added that industry leaders were committed to improvements.

MAS proposal looks to simplify purchase of life and critical illness policies

February 2 2024

MAS seeks feedback on proposal to reduce information required for insureds to obtain coverage.

ITC Forum: Insurers grapple with regulatory uncertainty, talent shortages as digital shift accelerates

February 2 2024

Industry practitioners at the InsureTech Connect Asia Roadshow in Hong Kong identified challenges they face in digital transformation.

new-directive-likely-to-deflate-profitability-of-sri-lankas-non-life-segment-fitch

New motor SRCC directive likely to deflate profitability of Sri Lanka's non-life segment: Fitch

February 1 2024

Directive requires Sri Lankan non-life insurers to transfer 100% of SRCC-related motor premiums to state-run NITF.

ICA calls for AU$500m annual fund for flood risk mitigation

January 31 2024

ICA's Pre-Budget submission call for AU$500m (US$329m) in flood-mitigation funding and extension of the Disaster Ready Fund, among other initiatives.

Cyber, op resilience, and insurance affordability among APRA priorities for next six months

January 31 2024

Australian regulator provides transparency on interim supervision and policy priorities before it launches its 24-25 corporate plan in August.

APRA increases Auto & General capital requirement by AU$50m

January 30 2024

Following review, regulator mandates risk remediation program and increases capital requirement by AU$50m (US$33m).

Bigmotor scandal yet to dent Sompo share price as Group CEO exits

January 30 2024

Sompo accused of ‘valuing profits over customer interests’ by the FSA in a business improvement order.

The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August

Dedicated hubs

Insight by...

Insight by type

Regulatory