Industry Segments: Regulators Page 1 / 3
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- October 6 2025
IAG New Zealand fined record US$11.4m for misleading customers
New Zealand's largest insurer admitted overcharging 269,000 customers US$20.4m, according to the Financial Markets Authority.
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- October 1 2025
Australia starts consultation on terrorism and cyclone reinsurance legislation
The Treasury has launched a statutory review of the Terrorism and Cyclone Insurance Act 2003, inviting public feedback on the relevance and governance of national reinsurance pools.
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- September 30 2025
Ex-Tropical Cyclone Alfred accounts for over 90% of pool claims since inception, ARPC says
Cyclone pool received 101,888 claims from the cyclone that affected Queensland and New South Wales during February and March, totalling to US$650m.
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- September 25 2025
IRDAI’s new chief calls for lower broker commissions: report
India’s insurance regulator is weighing a shift in commission governance, urging insurers to adopt a tiered expense framework similar to mutual funds amid rising scrutiny over distribution costs and their impact on policyholder premiums, media reports said.
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- September 23 2025
ARPC revises cyclone pool rates with SME risk mitigation discounts
Australian Reinsurance Pool Corporation (ARPC) makes no other changes to the premium rating, with home and strata premium rates unchanged.
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- September 23 2025
Australian regulator sues RACQ over misleading renewal comparison pricing
Australian Securities and Investments Commission has alleged that the IAG-owned carrier inflated 'last period premium' in more than 570,000 renewal documents sent to customers between September 2019 and December 2024.
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- September 17 2025
Hong Kong proposes marine risk pool in maritime push
Chief executive John Lee said in his annual policy address that the government would also promote exclusive captive and reinsurance businesses, as well as develop insurance products for the low-altitude economy.
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- August 22 2025
Japan to create new insurance regulator to strengthen oversight: reports
Financial Services Agency will be reorganised to create a separate Asset Management and Insurance Supervision Bureau in FY26, local media reports say.
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- August 21 2025
APRA targets promoting cost-effective reinsurance to general insurers
Australian regulator's 2025-26 corporate plan says it will release details on its proposals in the first half of FY26, and in the latter half, it will report the results of its climate vulnerability assessment for the general insurance sector.
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- August 19 2025
Philippines’ Q2 insurance penetration hits 1.79% as non-life premiums surge 20%
The Insurance Commission credited the improvement to faster premium growth, with the non-life NWP for the first half of the year reaching US$694m.
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- August 16 2025
Merger of 3 Indonesian reinsurers could hurt local insurers: Fitch
Proposed consolidation of Indonesia Re, Nasional Re and Tugure is intended to streamline the state sector.
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- August 11 2025
Hong Kong goes up the gears, hands Chinese carmaker SAIC regulatory approval for captive
Second authorisation of its kind in 2025, reflecting signs of momentum building to develop Hong Kong into a captive domicile, regulator says.
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- August 11 2025
Australia’s new ‘hard line’ M&A rules snag small, mid-cap insurers amid overreach warning
Insurers and brokers face higher merger costs and greater execution risks as a result of the Australian government's new mandatory merger notification rules, competition lawyers say.
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- July 28 2025
Opportunity knocks for Australia as regulator keeps (re)insurance market waiting over proposed major reforms
Relaxation of requirements by the Australian Prudential Regulatory Authority are set to provide a considerable boost to the alternative risk transfer sector.
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- July 28 2025
Hong Kong P&C market posts US$112m underwriting profit in Q1 2025: HKIA
The SAR's direct insurers posted an underwriting profit of US$140m, while the inward reinsurance segment posted an underwriting loss.
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- July 24 2025
India appoints former finance secretary Ajay Seth as IRDAI chairman
The all-important regulatory post has been lying vacant for over four months, after the tenure of the previous chairman Debasish Panda ended in March.
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- July 22 2025
Search for new IRDAI head hits roadblock: report
Top candidates for the role of chairman of the Insurance Regulatory and Development Authority of India (IRDAI) are reported to be unwilling to relocate to Hyderabad.
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- July 22 2025
Australia’s cyclone pool lowering rates in high-risk areas, yet insurance availability unchanged: ACCC
Competition regulator's insurance monitoring report says the pool is having an impact on the premiums of policyholders who live in areas with higher cyclone risk.
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- July 16 2025
India’s insurance regulator sets up committee to vet licence applications: reports
Insurance Regulatory and Development Authority of India also approves the first stage of an application from Kiwi General Insurance.
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- July 11 2025
Ex-Tropical Cyclone Alfred accounts for 88% of pool claims since inception, ARPC says
Cyclone Alfred left 300,000 homes and businesses without power in Queensland and New South Wales during February and March.
