Industry Segments: Legal/Regulatory Page 28 / 89
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- January 20 2021
HKIA pushes lower ILS minimums
Draft rules to reduce the US$1m investment requirement to US$250,000.
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- January 19 2021
MAS sets ‘higher expectations’ for cyber risk
The Singapore regulator told IAN that (re)insurers need to identify their key IT vulnerabilities.
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- January 19 2021
Latest UK BI ruling overturns global precedent
2010 Generali/Orient-Express Hotels decision has been used to reduce insurer payouts.
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- January 18 2021
CBIRC chief pushes ‘prudential regulation’
Guo Shuqing also address Hong Kong’s GBA role during AFF keynote.
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- January 15 2021
India FDI revamp needs to go further
Insurance Act clause on "control" makes sector less enticing to foreign investors.
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- January 5 2021
South Korea’s Kakao seeks approval for digital P&C unit
Motor insurance to be initial focus ahead of H2 2021 launch.
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- January 4 2021
InsuranceAsia News 2021 predictions
Our editors look ahead to what may lie in store for the market over the coming year.
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- January 4 2021
CBIRC seeks comment on FDI revisions
Allianz was the first foreign insurer to control 100% of their China operations.
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- December 30 2020
ACCC points to broker fees in northern inquiry report
Australia's competition authority says cover needs to be reviewed and stamp duty abolished.
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- December 30 2020
Asia 2020 regulatory review
The sector has faced some significant challenges over the last 12 months.
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- December 29 2020
HKIA finalises new capital rules
The Insurance Authority expects the regulations to come into force in Q1 2021.
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- December 29 2020
RCEP to comprise 25% of global premiums
Asian trade deal will come into force in 2021 and boost premiums by US$9.6bn by 2030.
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- December 28 2020
China warns insurers over ‘arbitrary’ expansion
The new CBIRC regulations come amid an environment of increased government oversight.
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- December 22 2020
Diverse legal systems to constrain GBA for decades: Fitch
Motor insurance is one example where Hong Kong, Macau and the mainland have divergent regimes.
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- December 21 2020
Suncorp confident on reserving after ‘favourable’ BI ruling
Complex ruling comes as Australia's High Court considers another wide-ranging Covid-19 case.
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- December 16 2020
Tencent’s reinsurer plans to face regulatory headwinds
The firm’s insurance platform WeSure was hit with a CBIRC fine in August over misleading marketing.
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- December 14 2020
One Apus container loss to top US$200m
The Japanese-owned vessel lost over 1,800 boxes in the North Pacific in late November.
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- December 14 2020
HK CIB eyes GBA opportunities
The professional organisation represents more than 200 insurance brokers in Hong Kong.
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- December 14 2020
Australia BI claims unlikely to have Asia domino effect
Many (re)insurers withdrew coverage due to large claims after the SARS outbreak.
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- December 9 2020
CBIRC head flags digital P&C growth
Insurtech set for more oversight as premiums increase by 44% in H1 2020.
