Hong Kong extends ILS Scheme as 2026-27 budget targets emerging tech opportunities
The budget outlines support for new insurance solvency rules and greater disclosure standards, but focus on growth sectors—such as low-altitude aviation and autonomous vehicles—will bring new opportunities for insurers.
Korea's core capital reforms to spur capital adjustments, but near-term impact remains limited
Mandatory core capital rule from January 2027 targets heavy hybrid use, raising refinancing pressure, but is viewed as credit positive with limited near-term ratings impact.
Australia's insurance complaints rise 16% as GI disputes nearly double since 2020–21
AFCA’s 2024-25 report highlights a surge in add-on insurance disputes, though delays in claims handling continue to improve.
Fewer breaches, rising complaints — Australia insurance code body's 2024-25 report
The CGC sanctioned two insurers with A$130,000 Community Benefit Payment during the year, including AIG Australia Ltd (AIGAL), for systemic failures in claims and complaints handling, which affected hundreds of their customers.
