Industry Segments: Regulatory Page 1 / 90
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- February 10 2025
Macau insurers prepare for costly RBC shift, advised to follow Hong Kong lead
As Macau gears up for the new risk-based capital regime set to replace the current solvency framework, domestic carriers may encounter operational hurdles and increased costs.
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- February 7 2025
India’s employees’ unions oppose ‘irresponsible, derogatory’ FDI hike: reports
All India Insurance Employees Association demands 'immediate' withdrawal of the proposal to increase the foreign direct investment (FDI) limit to 100%.
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- February 4 2025
Australian antitrust regulator to probe IAG-RACQ and Allianz-RAAI deals
ACCC, the competition watchdog, will assess whether the acquisitions will substantially lessen competition in the market.
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- February 3 2025
India to remove FDI cap for foreign insurers
Limit for the sector will be increased to 100% from 74% for companies that invest the entire premium in India.
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- January 27 2025
China issues EV insurance guidelines, mulls risk classification system: report
Shanghai Insurance Exchange also launches insurance platform dedicated to the EV sector.
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- January 16 2025
Australian corporate regulator appoints Scott Gregson as CEO
Gregson will take over from retiring interim Australian Securities and Investments Commission (ASIC) CEO Greg Yanco in March.
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- January 14 2025
BOC Insurance, Taiping Re China get NFRA approval to set up Shanghai reinsurance centre branches
The two companies will operate from the Shanghai International Reinsurance Trading Centre, the international reinsurance trading platform in the Lingang pilot free trade zone.
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- January 7 2025
China’s big 3 motor insurers poised for further growth as NEVs pick up pace: AM Best
People’s Insurance Company of China (PICC), China Pacific Property Insurance and Ping An Insurance command over 70% of the motor premium share in China.
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- January 6 2025
IRDAI seeks a listing roadmap from large insurance carriers: report
The Insurance Regulatory and Development Authority of India wants large carriers, including Bajaj Allianz, Kotak Mahindra Life and HDFC ERGO, to present a plan to list on the country’s bourses within the next two to three years.
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- December 19 2024
Firefighting levy on New Zealand insurance premiums finalised
The revised levy, which is a primary funding mechanism for Fire and Emergency New Zealand, will be effective from July 2026.
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- December 17 2024
Asian economies brace for trade risks in 2025 as Trump tariffs loom: Zurich
Elevated uncertainty around tariffs and global trade could impact growth, with Asean, China and Hong Kong particularly vulnerable, according to a report by the insurer.
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- December 11 2024
GBA cooperation key to viable climate-related insurance development: HKIA’s Clement Cheung
The Greater Bay Area could help the industry develop innovative products and services for the broader market, the HKIA chief executive said at the Asian Insurance Forum.
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- December 10 2024
IAG subsidiary hit with yet another class action suit over ‘loyalty tax’
The insurer says it will defend the second group proceeding commenced by Slater and Gordon this year.
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- December 9 2024
China to ‘open up’ to foreign P&C players as part of industry reform action plan
The NFRA plan for the industry will also support the development of Hong Kong as an international financial centre.
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- December 4 2024
India’s plan to relax FDI cap sparks mixed reactions
While some praise the potential for growth, others express doubts about the bill’s passage and its impact on local carriers.
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- November 28 2024
White Oak accuses Marsh of ‘fraudulent misrepresentation’ in Greensill case: report
The US investment firm has escalated its claims against Marsh in London lawsuit based on emails and phone call records showing the broker's executives appear to have privately expressed alarm about growing issues with the authority of BCC.
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- November 25 2024
Central Bank of India gets RBI nod to enter insurance business through JVs with Generali
The approval is subject to continuous compliance with conditions stipulated by the Researve Bank of India and approval of the Insurance Regulatory and Development Authority of India.
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- November 25 2024
IRDAI-backed insurance e-commerce platform Bima Sugam’s capital requirement surges to US$59m: report
The capital requirement by the Insurance Regulatory and Development Authority of India will amount to US$59m over the next four-five years with US$39m to be provided immediately and the remaining US$20m to be contributed after two years.
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- November 20 2024
Australia’s proposed reforms would boost insurers’ credit profiles: Fitch
The proposed reforms which include insurers buying all-perils reinsurance coverage and lowering reinstatement requirements, effective June 2026, would encourage carriers to explore alternative reinsurance arrangements such as cat bonds, the rating agency said.
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- November 18 2024
India set to allow 100% foreign direct investment in insurance: report
The measures are part of the Insurance Amendment Bill that is proposed to be introduced during the winter session of Parliament that kicks off later this month.
