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Emerging risks | Growth Opportunities | APAC Insurance

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Friday, October 23, 2026

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resolution-life-signs-japan-flow-reinsurance-deal-with-taiju-life
Major Japanese life insurers to end secondments following data leak scandals: Report
August 27 2025
Nippon Life, Meiji Yasuda, Sumitomo Life and Dai-ichi Life will end the practice following data leak scandals involving seconded staff.
mizuho-bank-plans-to-cease-hiring-seconded-insurance-staff-after-data-breaches-reports
Mizuho Bank plans to cease hiring seconded insurance staff after data breaches
August 19 2025
The move follows regulatory scrutiny after millions of customer records were leaked from major Japanese insurers.
former-china-construction-bank-manager-charged-with-bribery-linked-to-vesttoo-related-fraud
Hong Kong authorities charge former CCB employee in Vesttoo case
June 9 2025
Charges relate to alleged acceptance of over US$470,000 in cryptocurrency to supply false letters of credit.
japans-prudential-life-ordered-to-report-measures-following-employee-misconduct-report
FSA orders Prudential Life to provide comprehensive plan following employee misconduct: Report
April 14 2025
Employee misconduct prompts Japanese regulator to demand stricter compliance measures.
hong-kongs-insurance-complaints-stable-in-2024-but-claims-disputes-surge
Hong Kong's insurance complaints stable in 2024, but claims disputes surge
March 31 2025
Data from the IA shows a 51% rise in claims-related complaints, but grievances related to services dropped drastically.
japanese-insurers-reduce-capacity-withdraw-favourable-terms-to-focus-on-profitability-aon
Japan's FSA orders major insurers to improve practices following seconded employee data breaches: Report
March 25 2025
Order issued after two million customer records were inappropriately shared with primary employers.
giaj-rolls-out-trust-building-measures-and-agency-reform-initiatives
General Insurance Association of Japan rolls out trust-building measures
March 24 2025
GIAJ is spearheading efforts to enhance transparency and accountability in Japan's non-life sector following recent scandals.
allianz-australia-awp-australia-fined-a16-8m-for-misleading-travel-insurance-advertising
Supreme Court of NSW fines Allianz, AWP A$16.8m for misleading travel insurance advertising
February 28 2025
The court found both companies misrepresented policy features and coverage levels online between 2016 and 2018.
new-giaj-chairman-says-blunted-sense-of-risk-a-root-cause-of-compliance-failures
New GIAJ Chairman says "blunted sense of risk" a root cause of industry operational failures
September 23 2024
Hiroaki Shirota pledges reforms and restoration of trust following industry scandals which have weighed heavily on Japan's non-life industry.
giaj-tells-japanese-non-life-insurers-to-set-clear-deadline-to-offload-strategic-shareholdings
GIAJ tells Japan's non-life insurers to set clear deadlines for offloading of strategic shareholdings
September 20 2024
Amid regulatory pressure to reduce conflicts of interest, GIAJ sets new guidelines calling for clear timeframes on divestment of cross-held shares.
over-2-million-customer-records-leaked-in-seconded-employee-data-breach-cases-report
Over 2 million customer records leaked in Japan seconded employee data breaches: Report
August 28 2024
Japan's non-life insurers set to report to Financial Services Agency within the week over significant unauthorised sharing of rival data.
asic-targets-insurance-misconduct-as-complaints-soar-and-climate-risks-intensify
ASIC targets insurance misconduct as complaints soar and climate risks intensify
August 23 2024
The watchdog names insurance misconduct as a priority for the year ahead.
Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.