The Australian regulator initiated civil proceedings against IAL and IMA for allegedly misleading customers about loyalty discounts on home insurance policies.
The ICA said insurers are undertaking improvements to ensure profitable and sustainable products for Australians, despite challenges from Nat Cats and inflation.
Chinese insurers have spent over US$10bn building retirement communities, but new draft rules could see some excluded from the insurance-plus-service sector.
The Japanese life insurer's underwriting profitability is set to bounce back from FYE 2024, contributing to Fitch Ratings maintaining their 'A-' Insurer Financial Strength rating.
Hong Kong's Insurance Authority said the appointment of PWC representatives as Advisors was made to support Tahoe Life and protect the interests of the insurer's policy holders.
