Risk

Customer confidence increased by Hong Kong RBC regime

October 2 2024

The combined impact of HK RBC and IFRS 17 has led to an improvement in: product mix, economic valuation, and corporate governance by insurers, says Chow Tai Fook CFO.

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.

joseph-smart-appointed-as-lockton-asias-head-of-legal-risk-amp-compliance

Joseph Smart joins Lockton as Asia's Head of Legal, Risk & Compliance

September 9 2024

Smart moves to Lockton Asia after 5 years with QBE Asia.

Zurich Australia names David Wainwright as Chief Risk Officer

September 4 2024

Wainwright, with Zurich since 2011, will move from the UK to Sydney to commence the role in Jan 2025.

apra-outlines-plan-to-close-australias-household-insurance-protection-gap

APRA outlines plan to help close Australia’s household insurance protection gap

August 28 2024

In its 2024-2025 corporate plan, the regulator emphasises the need for collaboration to improve affordability and strengthen the insurance industry’s resilience.