Subject: Regulatory Page 22 / 93
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- July 1 2022
Philippine Crop Insurance placed under close regulatory supervision
PCIC was found to be “very exposed to catastrophe losses which are not reinsured.”
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- June 30 2022
Malaysia’s regulator approves Liberty’s purchase of AmGeneral
The P&C deal is set to be formally completed next month and signals IAG's exit from the country.
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- June 29 2022
Thailand’s new cannabis rules attract capacity
MGA Frontier sees D&O opportunity amid thousands of license applications to grow as a cash crop.
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- June 15 2022
Digit Insurance seeks to become India’s second domestic reinsurer
Any move to compete with GIC Re needs final approval by the regulator.
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- June 2 2022
Former president of PICC P&C under investigation
Zhiyong Lin is suspected of a serious violation of discipline and law.
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- May 26 2022
Senior PICC exec dismissed for misconduct and bribery: report
Shen Dong is expected to be charged with embezzlement and bribery.
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- May 17 2022
IRDAI changes reporting rules for foreign reinsurers and Lloyd’s
There are now fewer reporting requirements.
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- April 27 2022
Singapore regulator calls on (re)insurers to improve BI policies
Director Gillian Tan believes insurers are well-placed to improve cover, but data is key.
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- April 21 2022
Aussie broker Code moves commission disclosure beyond retail
The standards will now apply to all individual and small business clients.
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- April 15 2022
HKIA resumes full service as city ‘opens’ up
The 'fifth wave' of the virus appears under control with gyms, cinemas and theme parks set to open.
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- April 12 2022
China: Lure of cross-border reinsurance grows on nat cat spike
Players - including Allianz Re, Swiss Re and Peak Re - set to benefit.
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- April 7 2022
HKIA asks for co-operation over city-wide Covid testing
Companies asked to encourage employees to test and to put in place business continuity measures.
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- April 6 2022
China’s liability market grows as motor premiums slow
While the legal system isn't as favourable, there is plenty of room for product innovation.
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- April 4 2022
Thailand revokes licenses for two P&C players: report
The government is taking a more proactive approach to helping claims get paid.
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- April 1 2022
P&C players well placed as Japan steps up capital demands: Moody’s
The rating agency notes transparency, diversification and public scrutiny has helped.
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- March 28 2022
ICA calls for Australia cyber market overhaul
A new whitepaper calls for businesses, insurers and government to do more to promote sector.
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- March 24 2022
Asia MGA plans hampered by regulatory roadblock
The sector had a stellar 2021, but moving beyond traditional markets will not be easy.
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- March 22 2022
Bridging Asia’s environmental liability insurance gap
Tightening regulations and heightened awareness are driving demand in a complex risk environment.
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- March 22 2022
Thai regulator issues demands on two Covid-hit P&C players
Southeast Insurance and Thai Insurance are trying to wind down their troubled portfolios.
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- March 14 2022
Chinese insurers face US delisting
China Life among firms that could be kicked off US stock exchanges amid audit dispute.
