Industry Segments: Legal/Regulatory Page 1 / 49
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- November 16
Accounting relief
The IASB has proposed a one-year delay to IFRS 17 implementation, but more time may still be needed.
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- November 16
IFRS 17 delayed until January 2022
Long-awaited accounting standard expected to be postponed by 12 months.
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- November 13
Auckland High Court places insurer into liquidation
Restructure attempts fail meaning court hearing is abandoned for CBL Insurance.
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- November 13
Great Eastern contributes to Malaysia government health plan
The insurer said that the agreement is part of its corporate social responsibility efforts.
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- November 9
More promises from Xi
China's president promised to open the Chinese economy further and faster this week.
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- November 6
Renewed US sanctions on Iran begin
The measure will cause a headache to the marine and specialist insurance market.
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- October 26
China has a highly dynamic market, says JLT Re
China's regulatory changes should be an opportunity argues global reinsurance broker.
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- October 23
Former Alliance Financial chairman joins Labuan FSA
Oh Chong Peng has been appointed to the Financial Services Authority until 2020.
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- October 22
Axa XL’s move to Ireland gains approval
Global insurance giant a step closer to passporting to Europe from Dublin post Brexit.
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- October 19
Breaking down barriers
In Malaysia and India international players are asserting their right to compete on a level playing field — with mixed success.
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- October 18
Insurers want IFRS 17 rules delayed
Companies across the world are looking for a delay to major new accounting rules.
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- October 18
Malaysia rethinking foreign ownership cap
The central bank's regulatory u-turn could help bring back certainty to the market.
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- October 12
Hong Kong to launch Belt and Road exchange
The Insurance Authority says the city is well placed to capture business from China's Belt and Road initiative.
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- October 11
Hong Kong to improve policyholder protection
The financial secretary has said the city will continue to boost its insurance policyholder protection efforts.
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- October 8
India’s regulator reviews supervisory framework
The Insurance Regulatory and Development Authority of India is to move in line with other regulators.
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- October 4
India set to allow 100% foreign investment for broking
The move will give the sector the needed boost to make it more competitive.
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- September 26
BNP Paribas Cardif likely to cut stake in SBI Life
The sale is intended to comply with India's minimum public shareholding requirement.
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- September 18
Asian insurers’ new business value up in 2017
The embedded value of 31 major insurers grew 19.2% in 2017, a recent survey from Milliman shows.
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- September 3
Prudential Guarantee and Marsh drop complaints in the Philippines
The two parties have resolved their dispute, claiming that it stemmed from an “innocent misunderstanding”.
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- August 31
Hong Kong’s insurance handout
The government will offer tax incentives for the industry as it bids to establish the city as a regional hub.
