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Emerging risks | Growth Opportunities | APAC Insurance

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Friday, September 11, 2026

Op Risk

fsa-directs-major-japanese-insurers-to-report-on-data-breaches-by-on-loan-employees
FSA orders major Japanese insurers to report on data breaches involving seconded employees
July 24 2024
Japan's non-life insurers again facing scrutiny after employees on loan to agencies share policyholder information with their primary employers.
japans-major-non-life-insurers-identify-65000-fraudulent-claims-made-by-bigmotor-report
Japan's major non-life insurers identify 65,000 fraudulent Bigmotor claims - report
July 23 2024
Four major non-life insurers review claims spanning eight years, reportedly finding 30% of 236,000 claims to be fraudulent.
irdai-may-adopt-risk-based-supervision-model-for-insurance-sector-report
IRDAI may adopt risk-based supervision model for insurance sector - report
July 16 2024
At HDFC Life's AGM, Chairman Keki Mistry suggested the regulator might consider adopting the model.
thailands-syn-mun-kong-insurance-loses-non-life-license
Thailand's Syn Mun Kong Insurance loses non-life license
July 15 2024
SMK had become insolvent following substantial losses due to COVID-19 policies.
tokio-marine-reportedly-suffers-data-breach
Tokio Marine reportedly suffers data breach
July 12 2024
Attack on an outsourced firm's server may have compromised the personal data of 63,200 policyholders.
price-fixing-controversies-fail-to-hinder-profit-surge-for-japans-non-life-insurers
Japan's big 3 non-life insurers see FY23 profits surge despite year of probes and controversies
July 11 2024
Reduced cat losses, overseas performance contribute to profit results, but GIA Chairman says changes are needed on industry fundamentals.
japan-ftc-to-issue-cease-and-desists-to-non-life-insurers-for-premium-collusion
Japan FTC to issue cease-and-desists to non-life insurers for premium collusion - report
July 5 2024
Fair Trade Commission found four major insurers engaged in unfair trade practices, but has decided not to impose fines.
hong-kong-insurance-authority-fines-broker-and-technical-representative-for-policy-mishandling
Hong Kong Insurance Authority fines broker and technical representative for policy mishandling
June 24 2024
HK$44,270 fine imposed for failure to manage a client's motor policy with "due care and diligence."
japans-general-insurance-industry-must-work-tirelessly-to-rebuild-trust-giaj-chairman
Japan's general insurance industry must work "tirelessly" to rebuild trust: GIAJ Chairman
June 24 2024
Keisuke Niiro stresses importance of restoring industry trust following price-fixing and fraud claims controversies.
medibank-being-sued-by-privacy-watchdog-over-2022-data-breach
Regulator blames Medibank cyberattack on lack of multi-factor authentication
June 20 2024
In a court filing, the OAIC alleges that the health insurer's lack of MFA enabled hacker to exfiltrate 520 gigabytes of data.
sompo-japan-under-fire-again-for-possible-antimonopoly-law-breach
Sompo Japan faces further heat after investigation reportedly uncovers prearranged premiums
June 17 2024
An external investigation says it found Sompo Japan prearranged premiums with other non-life insurers, affecting 385 corporate clients.
apra-finalises-guidance-for-upcoming-op-risk-standard-cps-230
APRA finalises guidance for upcoming op risk standard, CPS 230
June 13 2024
Regulator releases final cross-industry guidance to aid in the implementation of CPS 230, which will take effect from 1 July 2025.
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25 September
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