Industry Segments: Legal/Regulatory Page 22 / 90
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- November 19 2021
ASIC sues MLC Life over policy, service failures
The Nippon Life-owned insurer is accused of causing financial harm of nearly US$13m to over 260,000 customers.
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- November 19 2021
CPIC gets greenlight for Hong Kong life arm
The new long-term insurance player will be led by former HSBC insurance executive Candy Yuen.
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- November 16 2021
Health, personal accident drive Vietnam’s non-life market: AM Best
Intense competition and poor pricing conditions have prompted some insurers to reassess their motor business.
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- November 11 2021
India attracts global broking giants
Aon, Gallagher and WTW are securing full control of their JVs in a fast growing market.
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- November 8 2021
MAS reviewing asset, liability exposure reporting
Insurers have until December 6, 2021 to submit their comments on the new proposals.
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- November 5 2021
HKIA focuses on data as insurtech evolution speeds up
Insurance Authority CEO Clement Cheung told HK Fintech Week the regulator wants an API framework similar to the banking sector.
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- November 4 2021
HK Fintech Week: Insurers eye AI to transfer data into insights
Experts from Swiss Re and AIA shared their experiences on harnessing insurtech data.
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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.
