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Emerging risks | Growth Opportunities | APAC Insurance

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Wednesday, October 14, 2026

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Korea's top insurers denied or underpaid claims worth US$400k over five years, FSS finds
Korea insurers denied or underpaid claims worth US$403K over five years: FSS data
September 29 2026
Four non-life insurers led by DB Insurance accounted for 86.5% of the total unpaid amount, the data shows.
IRDAI's Ajay Seth defends distribution reforms as industry pushes back on EoM, commission proposals
IRDAI's Ajay Seth defends distribution reforms amid concerns over commission caps
September 29 2026
He said the reforms are aimed at making insurance more affordable without compromising the industry's ability to pay claims.
APAC facultative demand climbs, but margins will be earned on terms
APAC facultative demand climbs, but margins will be earned on terms
September 29 2026
Facultative is evolving from an overflow tool into a strategic one, but with capacity plentiful, reinsurers are being asked to do more for less.
AMMB, MetLife review strategic options for insurance JV, potential sale on cards – report
Malaysia's AMMB, MetLife explore strategic options for insurance JV — report
September 29 2026
The review comes over a year after the partners abandoned a planned sale to Great Eastern.
Sumitomo Life to roll out AI-driven sales support system for multi-insurer agencies
Sumitomo Life to roll out AI-driven sales support system for multi-insurer agencies
September 29 2026
The solution aims to improve sales management systems across multiple stages of insurance sales at multi-insurer agencies.
South Korea insurance fraud detections rise 9.1% in H1 as authorities target hospital-led schemes
South Korea insurance fraud value rises 9.1% in H1 as authorities target hospital-led schemes
September 29 2026
The regulator announced plans to fast-track the removal of insurance agents convicted of fraud as detected fraud losses climbed in H1 2026.
Tokio Marine reaches settlement in Credit Suisse Greensill litigation
Tokio Marine reaches settlement in Credit Suisse Greensill litigation
September 28 2026
The resolution comes days after Insurance Australia Group disclosed a similar settlement of Credit Suisse-related claims arising from the Greensill collapse.
AM Best Affirms Credit Ratings of ECGC Limited
US-Iran conflict claims stay subdued at ECGC as AM Best affirms ratings
September 28 2026
Better underwriting in key segments and favourable reserve development have given the Indian export credit insurer strong technical earnings, though geopolitical risks remain.
VPBank secures licence for life insurer VPLife, targets Q1 2027 launch
Vietnam's VPBank secures licence for life insurer, targets Q1 2027 launch
September 28 2026
The lender said VPLife will operate alongside an ongoing partnership with AIA Vietnam, with all existing customer commitments remaining unchanged.
SBI Life receives US$118k GST tax demand over input tax credit claims
SBI Life gets US$118k GST order over input tax credit claims
September 28 2026
The insurer said it will appeal against the order, which relates to alleged excess ITC claims filed between April and August 2025.
LIAM seeks reinsurance tax parity, 8% group insurance tax waiver in 2027 budget
LIAM seeks reinsurance tax parity, 8% group insurance tax waiver in 2027 budget
September 28 2026
The association wants to help strengthen onshore reinsurance capacity and extend employee cover, which reaches fewer than half of Malaysian workers.
Fitch upgrades Prudential’s ratings on ‘very strong’ earnings, solid capital base
Fitch upgrades Prudential to 'AA-' on strong earnings and new business growth
September 25 2026
The group's steady new business profit growth and a well-diversified presence across Asia's life markets underpinned the upgrade.
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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.