Tokio Marine, Sompo receive FSA’s report orders on customer data leak
July 23 2024 by Kristina Shperlik
MORE FROM: Legal/Regulatory
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Korean insurers brace for more investment return volatility: Fitch
- July 23
The carriers have sufficient capitalisation and their stable underwriting performance will likely support their overall profitability and offset the choppier returns caused by the IFRS 9 accounting change.
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Virtual asset insurance to become mandatory in Korea from tomorrow
- July 18
Local media reports suggest carriers are charging premiums ranging from 5% to 12%.
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China Taiping former deputy manager pleads guilty to accepting US$11m in bribes
- July 12
The former insurance industry top boss, who had served China Taiping Insurance Group and China Life Insurance, now awaits a verdict from the Intermediate People's Court of Xinxiang in Henan province.
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ASIC outlines US$14.4m estimated levies for Australian insurance industry
- July 10
For Australian insurers, the estimated funding levy is US$8.9m. The regulator's focus in FY2023-24 for the general insurance sector was on enforcement action against claims handling and misconduct related with home insurance.
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