Subject: Regulatory Page 24 / 94
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- March 8 2022
PICC Hong Kong gains Macau licence approval
The move comes close on the heels of Lockton's decision to set up in the enclave.
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- February 22 2022
Australia court verdict brings clarity to BI claims saga
The ICA said it had been a "long but necessary process" that will provide guidance on how policy wordings are to be interpreted.
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- February 21 2022
Latest Australia Covid-19 BI court decision favours insurers
Justice Mark Moshinsky has largely upheld the original second test case decision in October.
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- February 18 2022
HKIA welcomes preferential treatment under C-Ross
This is the first time that Hong Kong's preferential treatment has been codified in Chinese law.
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- February 8 2022
CBIRC regulates quarantine cover: report
The watchdog has issued an emergency notice for quarantine insurance after claims were rejected.
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- February 8 2022
Tackling Australia’s affordability crisis won’t be easy
Government signs off reinsurance pool design days after prudential regulator lists 2022 priorities.
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- January 31 2022
HKIA fines insurers US$900,000 for regulatory failures
Metlife and Metropolitan Life in Hong Kong broke anti-money laundering and counter-terrorism rules.
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- January 28 2022
Malaysia targets insurtech in new plan
The central bank’s Financial Sector Blueprint envisages new digital licences by 2023.
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- January 27 2022
Thai Group seeks to close Covid-hit Southeast Insurance
With the emergence of Omicron, the insurer sees no respite from a mountain of Covid claims.
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- January 24 2022
CPIC records life and P&C premium growth for 2021
P&C premiums at the Shanghai-headquartered insurer grew by over 3% to US$24.2bn.
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- January 20 2022
CBIRC releases interim unified supervision framework
The new rules will take effect from March 1 and apply to off-site supervision.
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- January 19 2022
India reduces reinsurance cession requirement to 4%
The new IRDAI rules are for the sum insured on general insurance and kick in from April 1.
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- January 19 2022
Xi Jinping comments are welcome news for foreign (re)insurers
Chinese leader hints at more deregulation as Gallagher becomes the latest overseas entrant.
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- January 17 2022
Credit Suisse files claims with US$1.17bn exposure related to Greensill
The five claims are revealed as the bank tries to recoup more money after the supply chain financier's collapse.
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- January 13 2022
China Life appoints temporary chairman amid investigation
Non-exec director Yuan Changqing steps up after Wang Bin suspected of discipline breaches.
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- January 10 2022
China Life’s chairman under investigation
Wang Bin is suspected of serious violations of discipline and law, according to a Chinese anti-corruption body.
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- January 10 2022
HK can help China with rising reinsurance needs: CBIRC vice chairman
Xiao Yuanqi was speaking on the first day of the 15th Asian Financial Forum.
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- January 7 2022
HKIA appoints Deloitte to take control of Target Insurance
The regulator said the insurer's investments might have breached statutory requirements.
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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.
