Subject: Regulatory Page 31 / 92
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- December 29 2020
RCEP to comprise 25% of global premiums
Asian trade deal will come into force in 2021 and boost premiums by US$9.6bn by 2030.
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- December 28 2020
China warns insurers over ‘arbitrary’ expansion
The new CBIRC regulations come amid an environment of increased government oversight.
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- December 22 2020
Diverse legal systems to constrain GBA for decades: Fitch
Motor insurance is one example where Hong Kong, Macau and the mainland have divergent regimes.
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- December 21 2020
Suncorp confident on reserving after ‘favourable’ BI ruling
Complex ruling comes as Australia's High Court considers another wide-ranging Covid-19 case.
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- December 16 2020
Tencent’s reinsurer plans to face regulatory headwinds
The firm’s insurance platform WeSure was hit with a CBIRC fine in August over misleading marketing.
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- December 14 2020
One Apus container loss to top US$200m
The Japanese-owned vessel lost over 1,800 boxes in the North Pacific in late November.
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- December 14 2020
HK CIB eyes GBA opportunities
The professional organisation represents more than 200 insurance brokers in Hong Kong.
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- December 14 2020
Australia BI claims unlikely to have Asia domino effect
Many (re)insurers withdrew coverage due to large claims after the SARS outbreak.
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- December 9 2020
CBIRC head flags digital P&C growth
Insurtech set for more oversight as premiums increase by 44% in H1 2020.
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- December 8 2020
Zurich’s HK chief warns of ‘serious interruptions’ over US-China tensions
Washington’s blacklist of Chinese firms is making insurance arrangements and underwriting tougher.
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- December 3 2020
RBNZ accuses Pacific International of ‘further’ breaches
New Zealand regulator escalates its response to ongoing compliance failures.
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- December 3 2020
India’s L&H premium trend healthy despite pandemic: Milliman
Standalone health players have particularly high expense ratios, report says.
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- December 3 2020
Anbang loses US court case over failed US$5.8bn hotel deal
South Korea’s Mirae Asset Daewoo walked away saying key conditions not met.
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- December 2 2020
Hong Kong enters ‘new era’ as Belt & Road risk hub
Insurance Authority official touts SAR's ability to provide solutions for mainland companies.
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- December 1 2020
South Korea eyes Insurance Business Act revisions in H1 2021
Financial regulator creates taskforce to facilitate implementation of IFRS 17.
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- November 30 2020
P&C sector grows 5.5% to US$59.4bn: HKIA
Despite signs of resilience, motor and EC have seen sustained underwriting losses.
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- November 26 2020
MAS calls for more cooperation with China on catastrophe cover
Singapore’s regulator is targeting joint initiatives for flood-torn Chongqing.
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- November 26 2020
HKIA chair says GWS framework on track for H1 2021
The regulator is also set to publish its first risk and solvency assessment reports in June.
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- November 24 2020
Tower agrees US$29.5m settlement with EQC
The compromise ends almost a decade of uncertainty for shareholders.
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- November 19 2020
IAG halts share trades, QBE and Suncorp react to BI verdict
Firms explaining to shareholders the implications of a decision by the NSW Supreme Court.
