Industry Segments: Regulatory Page 18 / 91
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- November 21 2022
CBIRC tightens insurance security fund rules
The new rules that will come into effect on December 12 will replace the risk-oriented rate system of the fund with a flat-rate system.
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- November 18 2022
Australian ransomware payment ban offers relief to hardening cyber market
A series of high-profile cyber attacks on major institutions to likely cause a surge in H2 loss ratios for cyber programmes.
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- November 16 2022
Korean property insurers raided over price rigging: report
The seven property insurers, including Samsung Fire & Marine and KB Insurance, were fined by the Fair Trade Commission in April.
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- November 15 2022
BOC Aviation files suit in Irish High Court against 16 insurers
The aircraft leasing firm filed insurance claims in August after a US$804m write-down on 17 aircraft grounded in Russia following sanctions.
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- November 11 2022
Ransomware group targets IRDAI: report
The Indian Computer Emergency Response Team is understood to have been alerted.
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- November 11 2022
FTX collapse puts the focus on crypto insurance
Hong Kong could lead the way for much-needed regulation of the digital asset space.
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- November 10 2022
Nepal’s regulator rebrands as new Insurance Bill enacted
The Nepal Insurance Authority, previously known as Beema Samiti, will keep the same board.
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- November 10 2022
ASIC warns insurers of likely surge in claims, seeks higher preparedness
Australian securities regulator said firms need to gear up for the summer as La Nina persists.
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- November 10 2022
China policy push spurs demand for cyber cover
A data privacy law and a new draft cybersecurity insurance framework should help the domestic market.
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- November 8 2022
APRA’s new capital guidelines won’t impact ratings, says Fitch
Fitch believes the latest regulatory expectations may carry implications for the pricing of capital instruments.
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- November 7 2022
Opinion: Hong Kong EC terrorism pool leaves much to be desired
It is time the government adjusted the coverage limits that were set 20 years ago and allowed private participation.
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- November 7 2022
IRDAI may ease capital norms for insurers
The Indian regulator is mulling opening up the sector for different types of companies such as banks and microfinance companies.
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- November 4 2022
BCC underwriter accuses Greensill of ‘deceptive conduct’ in Australian court filing: report
The accusation was made by Greg Brereton in a November 2 court filing in response to a case brought by US investment house White Oak.
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- November 2 2022
2023 target is to use data connectivity to build a vibrant ecosystem: HKIA CEO
Open API, improving data gaps and cybersecurity will be priorities, according to Clement Cheung.
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- October 31 2022
Australian insurance regulator names new chair
APRA has elevated John Lonsdale to chair and appointed Margaret Cole as deputy.
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- October 28 2022
IRDAI permits FRBs, Lloyd’s India to repatriate excess capital
Foreign reinsurers can withdraw up to 20% of assigned capital once a year, according to the circular.
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- October 27 2022
China P&C grew 10.6% YoY in the last decade
While GWP zoomed 153% to US$192bn in 2021, the share of motor moderated to 56.8% to 72.4% 10 years ago, CBIRC data shows.
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- October 27 2022
IRDAI seeks to level the playing field for reinsurers
The insurance regulator proposes to remove state-owned GIC Re’s right of first refusal on Indian cedents.
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- October 26 2022
Australia formalises US$630m special disaster fund
The Labor government’s first budget announced additional measures to strengthen insurance framework.
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- October 25 2022
HKIA working with CIB to support brokers eyeing GBA
Insurance Authority's Stephen Yiu, Chubb's Doug White, Howden's Mark Johnson and veteran Adrian King shared views at the annual brokers' conference.
