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Tuesday, July 14, 2026

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cps-230-means-increasing-focus-on-cyber-risk-for-australian-insurers
CPS 230 means increasing focus on cyber risk for Australian insurers 
February 8 2024
Insurers will need to focus on fourth and fifth party outsourcing as part of the new APRA standard.
apra-increases-auto-general-capital-requirement-by-au50m
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
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.
sompo-holdings-chairman-and-group-ceo-set-to-resign-over-bigmotor-insurance-scandal
Sompo Holdings Chairman and Group CEO to resign over Bigmotor insurance fraud scandal - reports
January 23 2024
Kengo Sakurada to resign in wake of subsidiary Sompo Japan's involvement in Bigmotor insurance fraud case.
sompo-japan-to-name-koji-ishikawa-as-president-report
Sompo Japan to name Koji Ishikawa as President - report
January 22 2024
Ishikawa poised to succeed Giichi Shirakawa, who resigned in September amid questions over Sompo's handling of business partner Bigmotor Co.
fsa-to-issue-business-improvement-order-to-sompo-japan-over-bigmotor-fraud-reports
FSA to issue business improvement order to Sompo Japan - reports
January 16 2024
Watchdog to mandate Sompo improve operations after probe reveals internal process failures related to dealings with used car dealer Bigmotor Co.
hong-kong-regulator-bans-former-technical-representative-for-insurance-certificate-fabrication
Hong Kong regulator bans former technical representative for insurance certificate fabrication
January 12 2024
The former technical representative of a broker has been banned 4.5 years after admitting he falsified an insurance certificate.
2024-regulatory-roadmap-hong-kong-and-indian-insurers-prepare-for-change
2024 Regulatory Roadmap: Hong Kong and Indian insurers prepare for change
January 11 2024
Major regulatory changes will be limited in mature Asia Pac insurance markets in 2024 but carriers need to prepare for rules around the use of AI in their businesses 
hong-kong-insurance-complaints-fall-10-in-first-nine-months-of-2023
Hong Kong insurance complaints fall 10% in first nine months of 2023
December 21 2023
Insurance Authority data shows a 10% decrease in overall complaints for the first nine months of 2023, though there was a slight increase in conduct-related cases.
japans-bigmotor-stripped-of-insurance-agency-licence-over-insurance-fraud
Japan's Bigmotor stripped of insurance agency licence over insurance fraud
November 24 2023
Bigmotor loses licence after investigations by Japan's Financial Services Agency on the company for a wide-reaching insurance fraud scandal.
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