Norton Rose Fulbright: 2016 Insurance regulation in Asia PacificMarch 3 2016
We are pleased to present the 2016, and the third edition of Insurance regulation in Asia Pacific – Ten things to know about 20 countries. Thank you to our clients, contacts and regulators for your support and contribution.
The purpose of this guide is to provide an overview and practical checklist of ten common regulatory issues for insurance companies on which we frequently are asked to advise upon for the key Asia Pacific jurisdictions where most of our clients operate or in which they are interested in expanding. It identifies the regulator and whether branches of foreign insurance companies are permitted or only locally incorporated companies. Any restriction on foreign direct investment is highlighted along with the controller regimes (shareholders and management) and whether a notification or approval from the regulator is required upon proposed or actual change of control and the thresholds thereof. Also addressed is the nature of the regulatory capital regime, whether there is group supervision and policyholder protection, and whether outsourcing is subject to regulatory oversight. We aim for this guide to be a useful first stop for generic advice on the topics covered.
The information is up to date as at January 2016. It is not a substitute for considered legal advice
- August 20
The move comes as the broking group's MGA division acquires AIG's HNW home and contents portfolio.
- July 2
The Asia chief executive discusses Covid-19, going digital and restructuring.
- April 10
Climate change, increased urbanisation and a growing concentration of assets were on the risk agenda for 2018.
- March 19
Economic uncertainty, more complex risks and tighter underwriting are all influencing Asia's markets.
Underwriter Victoria Soo and Senior Risk Analyst Daryl Soh on how credit insurance helps finance infrastructure projects and other ESG investments.
Tim Collier, Regional Head of Claims at Berkshire Hathaway Specialty Insurance (BHSI), on best practices for managing, servicing and resolving claims.
Embracing AI and technology and investing in a skilled team allows Sedgwick to offer unparalleled service in an increasingly complicated world.
Windstorms and tropical cyclones pose a significant threat around the globe. How can corporates be better prepared for a storm?