Asia Pacific Insurance Asset Management

Features and key stories

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Malaysias RBC 2 to reshape insurer strategies

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MAS targets captive and ILS market growth with new corporate structure

Industry participants say the proposed framework, set to launch by 2028, could reduce costs, improve operational efficiency and support broader adoption of captives and insurance-linked securities.

Japan's FSA finalises tighter rules on asset-intensive reinsurance

Insurers face broader expectations on stress testing, collateral quality, recapture planning and reinsurer due diligence under the revised guidelines, which apply from July 1.

Participating policies gain favour among Chinese P&C insurers as low-yield pressures mount

Insurers across China, Taiwan and South Korea are bolstering capital buffers and refining investment strategies as low rates and volatility strain traditional earnings models.

China issues new regulatory framework for insurance asset management

NFRA has set out requirements across four key pillars, while stressing firms must pursue high-quality development and compete in an orderly way to prevent market chaos.

Private credit gains ground with APAC insurers as RBC reshapes demand

Allocations remain resilient as insurers prioritise liability matching and capital efficiency.

Hong Kong IA finalises RBC amendments to incentivise infrastructure investment

Following feedback from 42 respondents, the Insurance Authority has finalised amendments to the RBC regime, with additional guidance to be issued ahead of implementation.

Singapore, Australia show systemic risk progress, but IAIS flags liquidity disclosure gaps across markets

The IAIS's multi-year assessment of 16 jurisdictions finds resolution tools underdeveloped and liquidity stress-testing requirements uneven, even as macroprudential supervision matures.

Japan life insurers post 10% premium growth in December amid bond pressures, rising surrenders

Premium income and new annuity sales strengthen even as rising policy surrenders, bond yield pressures, and higher operating expenses weigh on the sector.

Japan’s economic solvency shift exposes gaps among smaller players

Japan’s move to market-consistent solvency reporting will bring new pressures on capital adequacy and risk management.

South Korea sets 2027 rollout, phase-in plan for insurers’ core capital K-ICS rule

FSC will introduce company-specific benchmarks and stricter redemption rules as part of a phased core capital rollout.

Supervisors flag climate, private assets and fragmentation as core tests for insurers at AIF 2025

Climate risk, geo-economic fragmentation and asset-intensive strategies are emerging as the new fault lines for oversight, though the global sector remains resilient with risks still below those in ba...

Reinsurance sidecars, hybrid models, and diversification define APAC insurers’ 2025 capital playbook

BlackRock survey finds APAC firms embracing capital-management innovation to boost resilience in a high-rate, high-risk world.

China experiences first bond default from insurer

The default follows regulatory intervention and governance breaches at Tian’An Property Insurance, whose licence was revoked earlier this year.

Japan lifers keep an eye on ALM in wake of JGB yield rises

The situation is manageable for now but an increase in lapses could muddy the waters.

Malaysia's RBC 2 to reshape insurer strategies

Risk-sensitive capital requirements likely to prompt insurers to diversify portfolios, adopt advanced reinsurance strategies, and rethink growth plans.

Taiwan's insurers grapple with FX risk, as hedging costs remain high and RBC looms

Analysts are urging firms to improve their ALM, but the best approach remains unclear.

Cash-rich, major Japanese non-life insurers look to strengthen international business

Insurers are turning regulatory pressure to unwind cross-shareholdings into a springboard for tech improvement and international expansion.

Capital standards, climate rules drive APAC insurance reform

Insurers across the region are adjusting to changes in capital, risk and operational rules.

Taiwan's life insurers suffer large losses in April amid TWD surge

Taiwan’s leading life insurers suffered their biggest loss in 18 months in April, ahead of a further Taiwan dollar rise in May, which has heightened focus on their currency risk management.

RBI equips India’s insurers with new bond hedging tool

Insurers can now leverage bond forwards for more precise protection against interest rate volatility.