Subject: Regulatory Page 23 / 92
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- January 6 2022
Malaysia’s regulator issues digital licensing discussion paper
Central bank initiative has a proposed minimum capital requirement of US$9.5m and includes the takaful market.
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- January 5 2022
API opportunity opens up in Hong Kong
Execs at Axa and Manulife are hopeful a speedy open API regulatory framework can reap dividends.
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- January 4 2022
India’s regulator issues guidelines on surety insurance
IRDAI's new rules include a 10% cap on GWP and come into force on April 1, 2022.
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- January 4 2022
CBIRC’s latest C-Ross rules could further squeeze market
Implementation of phase 2 starts in Q1 2022 and could hamper credit and surety premium growth.
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- December 30 2021
HKIA formalises ILAS assessment
The Hong Kong Federation of Insurers welcomed the move saying it could boost the linked long term market.
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- December 29 2021
CBIRC: 2020 Covid claims totaled US$77m
Covid-related claims accounted for less the 1% of total industry pay-outs in 2020.
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- December 28 2021
Hong Kong’s ICB ups jurisdiction limit
The increase to US$150,000 will come into effect from January 1, 2022.
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- December 24 2021
Korea’s FSC flags health, IFRS 17 as 2022 insurance priorities
The regulator has also introduced measures this year that allow insurers to expand their digital offerings.
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- December 22 2021
HKIA fines broker and suspends licence
A HKIA spokesperson tells IAN the regulator plans to focus on misconduct going forward.
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- December 21 2021
CBIRC’s new broker regs open door for foreign firms
The regulator has removed a minimum asset requirement of US$200m among other changes.
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- December 8 2021
AIF 2021: HKIA to target conduct, ethics
Panel of regulators promises more inspections of brokers and insurers.
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- December 8 2021
AIF 2021: Covid-19’s digital changes here to stay
Forum told that online channels can target new customer sets who traditionally haven't been offered cover.
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- December 7 2021
AIF 2021: Carrie Lam pushes Hong Kong’s ‘essential’ GBA role
The chief executive said the government is exploring cross-border health policies and other innovative insurance products.
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- December 3 2021
Labuan’s captive market shows strong growth
Buoyed by the hard market, Labuan recorded US$71m in premiums and approved 18 new captives by the end of Q3 2021.
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- December 2 2021
China tightens risk management for insurance groups
The CBIRC said the new rules are in line with international practices.
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- November 19 2021
ASIC sues MLC Life over policy, service failures
The Nippon Life-owned insurer is accused of causing financial harm of nearly US$13m to over 260,000 customers.
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- November 19 2021
CPIC gets greenlight for Hong Kong life arm
The new long-term insurance player will be led by former HSBC insurance executive Candy Yuen.
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- November 16 2021
Health, personal accident drive Vietnam’s non-life market: AM Best
Intense competition and poor pricing conditions have prompted some insurers to reassess their motor business.
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- November 11 2021
India attracts global broking giants
Aon, Gallagher and WTW are securing full control of their JVs in a fast growing market.
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- November 8 2021
MAS reviewing asset, liability exposure reporting
Insurers have until December 6, 2021 to submit their comments on the new proposals.
