Industry Segments: Legal/Regulatory Page 17 / 85
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- November 4 2021
South Korea to ease insurance licensing rules: FSC chair
The changes reflect ongoing industry diversification such as platform-based healthcare services.
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- November 3 2021
Nepal chamber objects to Insurance Board’s premium minimums—report
The Federation of Nepalese Chambers of Commerce and Industry says the move runs counter to the idea of an "open economy".
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- November 1 2021
HKIA signs claims MoU with Insurance Complaints Bureau
The Insurance Authority currently does not have the legal remit to adjudicate on claims.
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- October 29 2021
Hong Kong regulator gives November 30 vaccination deadline
Those who are unable — or unwilling — to get the jab will need to undergo mandatory Covid-19 testing every two weeks.
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- October 28 2021
NZ’s P&C stress tests highlight offshore capital reliance
Physical and transition risks from climate change will feature in future tests from the regulator.
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- October 25 2021
HKIA panel flags ‘long’ timeline for some complaints
Independent review panel says Insurance Authority review timelines can be lengthy on occasion.
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- October 21 2021
Australia’s Covid BI appeals set for November
Policyholders have filed appeals on five of the 10 test matters before a federal court.
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- October 20 2021
Thai Life files IPO registration
The company said it recorded revenue of US$1.5bn in H1 2021 while profits were up 42% compared to the previous year.
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- October 19 2021
HKIA talks tough in conduct report
Regulator suggests it could take a harder line going forward after talking first disciplinary action.
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- October 15 2021
IAG brought to Federal Court by ASIC over discounts
Regulator alleges a subsidiary engaged in misleading conduct over discounts for personal policies involving around A$60m.
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- October 15 2021
CBIRC gives AIA greenlight for Hubei operations
The insurer has added to mainland units in Shanghai, Beijing, Guangdong, Shenzhen, Jiangsu, Tianjin, Hebei and Sichuan.
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- October 12 2021
Tahoe Life extends policy suspension, continues strategic review
The life insurer hasn't sold new policies in Hong Kong since February as negotiations with potential investors continue.
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- October 8 2021
Japan Post stake sale draws line under mis-selling scandal
Revenue at the group's insurance arm has bounced back after a sales ban due to widespread employee misconduct.
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- October 6 2021
Gallagher/Willis Re: UK antitrust watchdog launches phase 1 review
The Competition and Markets Authority's initial decision on the proposed deal is due November 29.
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- September 30 2021
Australia’s insurers ready for ‘sweeping changes’, ICA says
A plethora of wide-ranging reforms come online on October 1 following the Royal Commission's 2019 report.
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- September 30 2021
HKIA says local market showing ‘signs of recovery’
Insurance Authority chair Moses Cheng says Hong Kong can be a "super connector" for international investment.
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- September 28 2021
NZ regulator takes swipe at credit card insurance
Financial Markets Authority says loss ratios are as low as 10% for the business line compared to 80% for health insurers.
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- September 24 2021
APRA flags insurance capital framework as key priority
The regulator has pushed policy initiatives such as new offshore reinsurance rules to 2022.
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- September 21 2021
ICA eyes cost of SME commercial lines
Outgoing National Insurance Brokers Association head Dallas Booth will lead a new advisory council.
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- September 20 2021
Australia’s brokers to continue MGA expansion
Steadfast, Howden and the AUB Group have been increasing their presence but face more regulatory scrutiny.
