Subject: Regulatory Page 21 / 93
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- September 26 2022
Hong Kong High Court orders wind-up of Target Insurance
All the in-force policies issued by the taxi insurer are unaffected by the winding-up order, the HKIA said.
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- September 15 2022
Reinsurance to benefit from US$71m Singapore net-zero grant
MAS' financial industry roadmap 2025 plans to promote insurance risk advisory and alternative risk transfer solutions for Asia.
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- September 6 2022
Rising litigation funding drives higher claims costs in Australia
Social inflation remains far harder to predict than economic inflation.
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- September 1 2022
Former China Life chairman Wang Bin found guilty of graft charges
Wang has been expelled from the party and public office and will face prosecution.
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- September 1 2022
Exclusive: AMTD Digital’s claims of Singapore insurer license bid unfounded
IAN understands that contrary to AMTD's US regulatory filing the Singapore regulator hasn't received any formal application from the proposed composite Applaud.
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- August 31 2022
Insurers still see Hong Kong as China gateway
The city remains an attractive base for insurers from the mainland and those looking to access it.
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- August 30 2022
Generali consolidates Malaysian presence after Axa JV buyout
The group now owns 53% of Axa Affin GI and 100% of MPI Generali Insurans and plans to merge them.
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- August 23 2022
Korea’s new standards regime and IFRS 17 to squeeze insurers’ capital buffers: Fitch
K-ICS will not materially change the underlying risk structure and will have limited rating impact.
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- August 19 2022
IRDAI sets out ambitious capital reform plan
Proposals to facilitate fundraising part of new chairman’s modernising agenda
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- August 19 2022
Credit Suisse arm files 18 Greensill-related claims totalling US$2.2bn
The asset manager has filed claims for "all insurable losses", according to document reviewed by IAN.
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- August 4 2022
High Court of Australia to hear BI Covid appeals in October at the earliest: ICA
The Insurance Council of Australia said the market will meet the appeal costs in the ongoing dispute.
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- July 25 2022
India sets ambitious P&C growth target
Regulator's new chairman wants to increase non-life premiums by over US$100bn in only five years.
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- July 20 2022
More risk clarity key to China’s D&O capacity
China’s Securities Law has brought surging demand for D&O, as well as uncertainty.
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- July 19 2022
QBE books US$75m provision after pricing review
Andrew Horton, QBE group CEO, is "disappointed" by findings relating to an ASIC review.
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- July 19 2022
Foreign insurers in Malaysia need to reduce stakes to 70% by end of 2023: report
Insurers to also be given the option of contributing to a charitable fund.
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- July 15 2022
Hong Kong’s Target placed into liquidation by HKIA
The taxi insurer ran into trouble at end of 2021 as HKIA's CEO says there's "room for improvement" in the market.
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- July 15 2022
Australian renewals impacted by capital requirements
Gallagher Re's Cameron Green explains why buy-downs by insurers are still so popular.
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- July 14 2022
Liability and health books are growth drivers of China’s non-life market: Fitch
Non-motor lines have increased by 10.7% in the first five months of 2022.
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- July 13 2022
China heightens oversight as insurance assets bulk up
With the top four players controlling over half the market, any company failure is a huge risk to the economy.
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- July 12 2022
China’s regulators issue draft rules on ‘systemically’ important insurance groups
The evaluation scope includes scale, correlation, asset realisation and substitutability.
