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Emerging risks | Growth Opportunities | APAC Insurance

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Thursday, November 5, 2026

Risk

mitsui-sumitomo-insurance-aiming-to-offload-all-cross-held-shares-within-two-years-report
Mitsui Sumitomo Insurance aiming to offload all cross-held shares within two years - report
May 7 2024
Incoming head pledges rapid divestment as part of response to price-fixing scandal that hit major Japanese insurers.
new-ai-platforms-require-tighter-focus-on-governance
New AI platforms require tighter focus on governance
May 2 2024
APAC insurers' traditional business models and legacy architecture could make it harder for them to tackle new risks.
australia-life-insurance-breaches-rise-for-third-year-but-impact-significantly-fewer-customers
Australian life insurance code breaches rise for third year, but impact fewer customers
April 9 2024
The Life Insurance Code Compliance Committee reports 9% rise in breaches in 2022-23, but 47% reduction in number of customers impacted.
iag-pays-au37m-in-worker-back-pay-due-to-inadequate-systems
IAG pays AU$37m in worker back-pay due to inadequate systems
April 5 2024
Insurer self-reported non-compliance and pays over AU$21m (US$13.83m) for federal wages and entitlements, while settling AU$16.2m for state and territory long service leave entitlements.
insurance-council-of-new-zealand-enhances-complaints-transparency
Insurance Council of New Zealand enhances complaints transparency
March 25 2024
ICNZ collaborates with dispute resolution services to break down complaints data by member.
strata-insurance-services-under-fire-over-alleged-overcharging-of-insurance-brokerage-fees-report
Strata Insurance Services under fire for alleged overcharging of brokerage fees - report
March 23 2024
Parent company Netstrata facing heavy scrutiny over allegations of inflated insurance brokerage fees and engaging in kickback schemes, an ABC investigation reveals.
insurance-agent-banned-for-15-months-over-for-falsifying-documents
Hong Kong Insurance agent banned for 15 months for falsifying documents
March 21 2024
Document and signature falsification results in a rescinded policy, leaving client without coverage after the life insured's death.
internal-emails-reveal-turmoil-in-greensill-case-report
Internal emails reveal turmoil in Greensill case - report
March 21 2024
Court documents obtained by Australian Financial Review reveals insights into alleged breaches and regulatory concerns.
insurance-authority-suspends-agent-for-seven-months-over-unauthorised-policy-sign-up
Insurance Authority suspends agent for seven months over unauthorised policy sign-up
March 12 2024
Insurance agent banned for seven months after taking out and paying for policy without client's approval, in a bid to climb sales rankings.
nz-financial-markets-authority-files-proceedings-against-tower-insurance-over-discount-failures
NZ FMA files civil proceedings against Tower Insurance over discount failures
March 8 2024
Financial Markets Authority alleges Tower overcharged customers NZ$9.5m (US$5.87m) by failing to apply multi policy discounts.
icac-charges-ex-insurance-authority-director-over-coercive-hiring-allegations
ICAC charges ex-Insurance Authority director over coercive hiring allegations
March 8 2024
Hong Kong's corruption watchdog charges Hui Mei-ying and daughter-in-law with misconduct in Prudential hiring case, with both granted bail.
irdai-bans-international-broker-confiance-for-two-years
IRDAI bans international broker Confiance for two years
March 6 2024
Regulator bans foreign reinsurance broker for 'serious and grave' violations, including failure to secure reinsurance and involvement in forged reinsurance slips.
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