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Emerging risks | Growth Opportunities | APAC Insurance

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Saturday, October 17, 2026

Risk

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.
nine-asia-pac-insurers-to-implement-ics-framework-by-end-of-2024
Nine Asia Pac insurers to implement ICS framework by end of 2024
July 11 2024
Insurers including QBE, Tokio Marine, and Prudential will be subject to the new IAIS standard which will be applied in a two stage process starting in 2026.  
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.
risk-based-capital-regime-commences-in-hong-kong
Risk-based Capital regime commences in Hong Kong
July 1 2024
HK's RBC regime begins after nearly a decade of extensive consultations and development.
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.
two-philippine-non-life-insurers-placed-under-conservatorship-report
Two Philippine non-life insurers placed under conservatorship - report
June 7 2024
Insurance Commission reportedly take control of Premier Life and Trisco due to legal non-compliance.
rapid-growth-in-mga-premiums-warrant-enhanced-oversight-am-best
Rapid growth in MGA premiums warrant enhanced oversight: AM Best
June 4 2024
AM Best calls for heightened oversight amid rapid growth of MGAs and increased private equity involvement.
barbara-williams-appointed-regional-managing-director-finance-at-allianz-commercial-asia
Barbara Williams appointed Regional Managing Director Finance at Allianz Commercial Asia
May 31 2024
Williams, currently Director of Finance for Allianz Commercial Canada Branch, will move to Singapore for the new role.
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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.