Industry Segments: Legal/Regulatory Page 20 / 89
-
- January 28 2022
Malaysia targets insurtech in new plan
The central bank’s Financial Sector Blueprint envisages new digital licences by 2023.
-
- January 27 2022
Thai Group seeks to close Covid-hit Southeast Insurance
With the emergence of Omicron, the insurer sees no respite from a mountain of Covid claims.
-
- January 24 2022
CPIC records life and P&C premium growth for 2021
P&C premiums at the Shanghai-headquartered insurer grew by over 3% to US$24.2bn.
-
- January 20 2022
CBIRC releases interim unified supervision framework
The new rules will take effect from March 1 and apply to off-site supervision.
-
- January 19 2022
India reduces reinsurance cession requirement to 4%
The new IRDAI rules are for the sum insured on general insurance and kick in from April 1.
-
- January 19 2022
Xi Jinping comments are welcome news for foreign (re)insurers
Chinese leader hints at more deregulation as Gallagher becomes the latest overseas entrant.
-
- January 17 2022
Credit Suisse files claims with US$1.17bn exposure related to Greensill
The five claims are revealed as the bank tries to recoup more money after the supply chain financier's collapse.
-
- January 13 2022
China Life appoints temporary chairman amid investigation
Non-exec director Yuan Changqing steps up after Wang Bin suspected of discipline breaches.
-
- January 10 2022
China Life’s chairman under investigation
Wang Bin is suspected of serious violations of discipline and law, according to a Chinese anti-corruption body.
-
- January 10 2022
HK can help China with rising reinsurance needs: CBIRC vice chairman
Xiao Yuanqi was speaking on the first day of the 15th Asian Financial Forum.
-
- January 7 2022
HKIA appoints Deloitte to take control of Target Insurance
The regulator said the insurer's investments might have breached statutory requirements.
-
- January 6 2022
Malaysia’s regulator issues digital licensing discussion paper
Central bank initiative has a proposed minimum capital requirement of US$9.5m and includes the takaful market.
-
- January 5 2022
API opportunity opens up in Hong Kong
Execs at Axa and Manulife are hopeful a speedy open API regulatory framework can reap dividends.
-
- January 4 2022
India’s regulator issues guidelines on surety insurance
IRDAI's new rules include a 10% cap on GWP and come into force on April 1, 2022.
-
- January 4 2022
CBIRC’s latest C-Ross rules could further squeeze market
Implementation of phase 2 starts in Q1 2022 and could hamper credit and surety premium growth.
-
- December 30 2021
HKIA formalises ILAS assessment
The Hong Kong Federation of Insurers welcomed the move saying it could boost the linked long term market.
-
- December 29 2021
CBIRC: 2020 Covid claims totaled US$77m
Covid-related claims accounted for less the 1% of total industry pay-outs in 2020.
-
- December 28 2021
Hong Kong’s ICB ups jurisdiction limit
The increase to US$150,000 will come into effect from January 1, 2022.
-
- December 24 2021
Korea’s FSC flags health, IFRS 17 as 2022 insurance priorities
The regulator has also introduced measures this year that allow insurers to expand their digital offerings.
-
- December 22 2021
HKIA fines broker and suspends licence
A HKIA spokesperson tells IAN the regulator plans to focus on misconduct going forward.
