China Taiping former deputy manager pleads guilty to accepting US$11m in bribes
July 12 2024 by InsuranceAsia News
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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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India’s ACC approves appointments of executive directors at eight public sector insurance firms: report
- July 10
These include appointments of top executives with tenures ranging from less than a year to four years.
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Opinion: The Indian insurance privatisation conundrum
- July 5
State-led revivals have delayed privatisation of the country’s three general insurers and stalled much-needed reforms and competition that could otherwise enable Indian carriers to put their stamp on the world stage.
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Hong Kong’s new RBC regime could trigger more industry consolidation: S&P Global
- July 4
The higher compliance costs, coupled with earning swings due to market volatility, could lead to an increase in M&A in the sector and force some insurers to raise more capital, said S&P Global Ratings.
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Guy Carpenter | Private equity’s reshaping of the Asian life sector has further to run
PE-backed reinsurers provide access to asset classes and investment expertise that often don’t exist within the traditional carriers themselves.
