Industry Segments: Regulatory Page 1 / 91
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- April 14 2025
ICA has ‘significant concerns’ over Labor’s home guarantee expansion
Government plans to guarantee all low-deposit home loans for first home buyers under lenders’ mortgage insurance (LMI).
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- April 14 2025
NFRA introduces updated insurance consolidation rules
Companies will have to focus on preventing risks that can spread within the group, separate risks and prevent issues like capital duplication and excessive borrowing.
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- April 11 2025
‘Tariffs are just one piece of the puzzle’: Aon’s Asia head of shipping
Oliver Miloschewsky tells IAN's Between The Lines podcast that 'tariffs are easy to impose, but the effects tend to be very long-term'.
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- April 6 2025
Kiwi regulator files civil proceedings against IAG pricing misconduct
Approximately 269,000 customers were affected, resulting in overcharges of approximately US$20m.
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- April 3 2025
Sompo appoints Sherlyn Kok as vice president, APAC head of compliance
Singapore-based Kok will lead the regional and local market compliance, reporting to Todd Corey, executive vice president, general counsel, APAC.
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- March 31 2025
South Korea’s new capital requirements to reduce insurers’ burden, enhance quality: Fitch
Introduction of a mandatory core capital ratio requirement will tighten the quality of capital that insurers hold.
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- March 27 2025
Australia extends deadline for US$125m disaster mitigation grant due to Cyclone Alfred
The application deadline for the third round of the Disaster Ready Fund, focused on large-scale infrastructure, has been extended by two weeks from April 2.
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- March 25 2025
FSA issues business improvement orders to Japanese non-life insurers over information leaks
- Regulatory
- Japan
- Aioi Nissay Dowa Insurance
- Mitsui Sumitomo Insurance
- MS&AD
- Sompo
- Tokio Marine & Nichido Fire
Regulator says 2.7m sets of information on rivals' clients were leaked by employees on loan to multi-client insurance agencies.
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- March 24 2025
Hong Kong’s FuSure secures long-term insurance authorisation, upgrades to composite licence
Tencent-owned insurer plans to expand into diversified product lines and explore other international markets.
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- March 19 2025
Review panel urges Australian insurers to implement General Insurance Code recommendations on pricing
The ICA, in its action plan released earlier this week, had disagreed with pricing-related recommendations of the independent panel’s final report.
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- March 17 2025
Korean regulator to promote parametrics, support carriers’ overseas expansion to tackle emerging risks
FSC announces 11 proposals to address five major challenges – climate, overseas expansion, technology, population, and debt management.
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- March 17 2025
Cyclone Alfred claims top 63,000, but event ‘not as significant as first feared’
Insurance Council of Australia also releases its Industry Action Plan, which outlines the industry’s position on the remaining recommendations from the Parliamentary Flood Inquiry and the independent review of the industry’s Code of Practice.
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- March 17 2025
Just the tip of a liability iceberg as PFAS risks become apparent, but legal reform roadblocks remain
Firms are set to be drawn into litigation, but changes to the law in Australia are unlikely as they could potentially open the government to significant risks, according to a Sydney-based lawyer.
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- March 14 2025
‘Milestone’ with Fairfax-backed Valueattics Reinsurance set to become India’s first private reinsurer
Backed by Go Digit founder Kamesh Goyal’s Oben Ventures LLP and FAL Corporation, a subsidiary of Indian-born Canadian billionaire Prem Watsa’s Fairfax Financial Holdings, company will begin operations with paid-up capital of US$23m.
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- March 13 2025
‘We will act’: Opposition leader Peter Dutton clarifies policy on breaking up big insurance companies
Prime Minister Anthony Albanese also weighs in on this issue, agreeing that insurance companies are 'ripping off' Australians.
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- March 13 2025
Korean regulator to relax insurers’ capital adequacy requirement to 130-140%: report
The move will help lower financial burden for insurers, apart from raising their capital base.
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- March 12 2025
Philippines extends PFRS 17 deadline until January 2027
Last year, the Insurance Commission mandated adoption of a new accounting standard - which aligns with the International Financial Reporting Standard 17 (IFRS 17) - by January 1, 2025.
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- March 5 2025
M Pallonji Group-led consortium applies for Indian general insurance licence: report
Group appoints Aditya Sharma, chief distribution officer at Bajaj Allianz, as CEO of proposed venture, according to the The Economic Times.
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- March 4 2025
IRDAI extends 4% obligatory cession for FY26 renewals
Cession applies to policies attaching in the FY26, and will be placed with GIC Re.
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- March 1 2025
Suncorp to settle class action suit over add-on sales
Settlement must be approved by the Supreme Court of Victoria, but no date has been set for the hearing,
