Industry Segments: Legal/Regulatory Page 16 / 90
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- December 20 2022
NSW Supreme Court rules in favour of JLT in local government dispute
The Richmond Valley Council began the action on behalf of 12 NSW councils in December 2018.
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- December 15 2022
Asia’s digital path needs hybrid approach
As insurers step up investment and regulators develop initiatives, the digital-only model has yet to lead to better margins.
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- December 8 2022
Chubb acquisition positive for Huatai P&C: Fitch
Chubb has been handed regulatory approval to acquire 83.2% of the business.
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- December 7 2022
Korea’s new capital standard to kick in from next year: report
The new capital regime, together with IFRS 17, is likely to squeeze insurers' capital buffers.
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- December 6 2022
HKIA’s roadmap to help build regional connectivity and mobilise private capital
Tech, talent and data are the enablers of sector growth, according to Hong Kong's secretary for financial services and treasury.
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- December 2 2022
IRDAI’s liberalisation agenda raises risk of insurer failures
Wide-ranging reforms will ease the path to markets, but excess capacity could also lead to greater competition.
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- November 30 2022
SMBC Aviation starts litigation against 11 insurers over jets in Russia
The Japanese lessor, which had recognised a US$1.6bn impairment this year, has filed a suit in the Irish High Court seeking claims for its 34 planes.
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- November 29 2022
Indian agri insurance start-up Kshema gets regulatory nod
The digital rural insurer is the first to get a carrier licence in five years; IRDAI said there are 18 applications in the pipeline.
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- November 28 2022
Bank Negara Malaysia to invite bids for digital insurer licences
The central bank will issue up to five licences after the regulatory framework is finalised next year.
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- November 28 2022
IRDAI to relax norms for investors in insurance, fund-raising; changes reinsurance rules
Ease of raising capital expected to usher in long-term investments, as reinsurance retained in the country to be 50%.
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- November 25 2022
Motor profitability to drive China P&C, outlook revised to stable: Moody’s
Premium growth will remain solid over the next 12-18 months.
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- November 25 2022
Opinion: Can carriers take advantage of the Hong Kong crypto opportunity?
As insurers rush to amend policy wording and reinforce crypto exclusions, the city’s regulatory initiatives offer hope.
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- November 24 2022
IRDAI proposes single management expense limit for insurers
The regulator has given additional allowances to the rural sector, government welfare schemes, insurtech and awareness programmes.
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- November 22 2022
RBNZ proposes to vet insurers’ senior management hires
The industry regulator wants to ensure proper assessments of the senior management candidates before their appointment.
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- November 22 2022
Korea set to relax insurance industry regulations
The regulator proposes to allow insurers to set up single-product subsidiaries, relax online marketing rules and raise the derivatives trading ceiling.
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- November 21 2022
CBIRC tightens insurance security fund rules
The new rules that will come into effect on December 12 will replace the risk-oriented rate system of the fund with a flat-rate system.
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- November 18 2022
Australian ransomware payment ban offers relief to hardening cyber market
A series of high-profile cyber attacks on major institutions to likely cause a surge in H2 loss ratios for cyber programmes.
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- November 16 2022
Korean property insurers raided over price rigging: report
The seven property insurers, including Samsung Fire & Marine and KB Insurance, were fined by the Fair Trade Commission in April.
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- November 15 2022
BOC Aviation files suit in Irish High Court against 16 insurers
The aircraft leasing firm filed insurance claims in August after a US$804m write-down on 17 aircraft grounded in Russia following sanctions.
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- November 11 2022
Ransomware group targets IRDAI: report
The Indian Computer Emergency Response Team is understood to have been alerted.
