Industry Segments: Legal/Regulatory Page 21 / 86
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- June 17 2021
MAS reprimands AIA, Aviva and Prudential for regulatory breaches
The SG regulator cited numerous failings around risk management and remuneration.
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- June 17 2021
Axa’s €300m BI offer won’t fly down under
Australia is by far the most amenable jurisdiction to class actions in Asia.
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- June 16 2021
Kakao Pay handed digital insurance licence by FSC
The South Korea digital giant is eyeing a H1 2022 launch subject to final regulatory approval.
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- June 10 2021
CPIC close to setting-up Hong Kong life arm—sources
IAN understands Simon Lam has joined from Munich Re to aid the launch.
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- June 7 2021
China seeks to control reinsurance growth
The CBIRC's new rules will promote better risk management and operational practices.
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- June 3 2021
Taiwan green-lights Taishin’s Prudential Life acquisition: report
The FSC has imposed conditions including retaining all of the insurer's existing employees.
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- June 3 2021
HKIA’s ‘pandemic passport’ not enough for normality
Relaxed quarantine requirements for insurance execs are now in place.
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- June 1 2021
Tencent-backed venture receives HK reinsurance licence–report
FuSure Reinsurance has applied to reinsure 17 non-life lines including railway rolling stock, aircraft and ship liability.
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- May 28 2021
HKIA extends temporary facilitative measures to September 30
The exemption allows for the distribution of certain products via digital channels, telemarketing, post or video conferencing.
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- May 27 2021
Australian litigation funder backs Melbourne BI claims
Court House Capital backs hospitality businesses in A$20m claims dispute.
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- May 26 2021
Aon/WTW: New Zealand deadline extended to July 2
Antitrust reviews in Australia and Singapore are also still ongoing after Taiwan approved the deal last week.
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- May 24 2021
Nepal’s IB receives five applications for reinsurance licence–report
The Insurance Board requires applicants to have paid-up capital of around US$85m.
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- May 24 2021
China’s non-life underwriting margins to remain depressed in 2021: Fitch
Motor insurance reforms caused GWP to drop 30% on renewals despite increase of new vehicle sales.
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- May 20 2021
Aon/WTW: Taiwan’s antitrust authority gives the green light
The Fair Trade Commission says the mega broking deal would “not significantly restrict competition".
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- May 20 2021
Q&A: HKFI’s new chairman on the GBA, RBC and ESG
HSBC's Edward Moncreiffe explains some of the association's priorities over the next 12 months.
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- May 18 2021
China premium income rises 7.8% in Q1 amid Covid recovery
CBIRC data shows reinsurers were the top performers as assets grew 9.2% to over Rmb540bn.
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- May 17 2021
HKIA designates AIA, Prudential, FWD under GWS framework
Hong Kong joins Australia, Bermuda, Singapore and the UK by enacting group-wide oversight.
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- May 11 2021
Asia’s appetite for financial lines cover wavers
D&O rates harden amid SPAC fallout and increased regulatory scrutiny.
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- May 11 2021
Q&A: Canopius’ Mark Newman on environmental risk and ILS
The APAC chief executive also discussed the impact of Covid-19 on the Lloyd’s market in Asia.
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- May 10 2021
Asian Re’s loss ratio deteriorates as cat losses bite: AM Best
Underwriting results remain volatile with Asian Re's five-year average COR exceeding 125%.
