Subject: Regulatory Page 31 / 94
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- March 1 2021
Asia insurers’ ESG efforts won’t impact profitability, ratings: Fitch
Regulators have only just started to see sustainability as a priority, a senior analyst at the agency tells IAN.
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- February 26 2021
Australia’s second BI test case goes federal
Allianz, IAG, Chubb, Guild, and Swiss Re seek clarity on trigger clauses and the impact of government shutdowns.
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- February 25 2021
Hong Kong targets captives, specialty and ILS in budget
Finance chief Paul Chan has outlined tax breaks and plans to expand the captive market.
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- February 24 2021
HK insurers to profit from renminbi reforms
China's SAFE mulls allowing citizens to buy overseas securities and insurance.
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- February 23 2021
MAS investment revisions to exclude SPRVs
The regulator is also seeking feedback on a wide range of risk management questions.
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- February 22 2021
Increased regulation to drive Asia Pacific run-off activity: PwC
Region holds US$123bn in non-life run-off reserves – compared with US$385bn in the US.
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- February 18 2021
ACCC signals concerns over Aon/WTW merger
Antitrust watchdog flags cyber, marine and construction lines as well as reinsurance broking.
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- February 17 2021
Australia broker group launches conduct review
The National Insurance Brokers Association is looking to promote commission transparency.
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- February 16 2021
China sees 6.1% growth as premiums hit US$700bn
CBIRC full-year figures also show the reinsurance market grew 16.3% in 2020.
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- February 16 2021
Hong Kong captive market to step up in 2021
Market experts tell IAN that regulations are making it hard to attract businesses from beyond China.
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- February 11 2021
Thai regulator revises CAR for local insurers: report
The credit rating of foreign bonds has also been changed to facilitate more overseas investment.
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- February 10 2021
FSC to smooth Korea’s digital giants insurance ambitions: report
Internet players including Kakao and Naver primed to take advantage of regulatory changes.
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- February 9 2021
China/US tensions reduced political risk appetite: WTW
Worldwide market capacity is US$4bn with around half allotted to Asia.
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- February 8 2021
Taiwan to push capital strength and sustainable finance: Fitch
The FSC has pinpointed key focus areas as insurers prepare for IFRS 17 and a new solvency regime.
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- February 8 2021
Aon’s reinsurance line grows as WTW reviews proceed
Willis Re divesture has been floated as a possible remedy to assuage antitrust enforcers.
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- February 8 2021
No ‘A grades’ from CBIRC in new governance rankings
Six insurers, including China Re and Ping An, received a ‘B’ rating from the regulator.
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- February 8 2021
Ant Group’s woes a boon for established insurers
CBIRC intervention suggests higher barriers to entry for would-be digital disrupters.
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- February 4 2021
South Korea’s digital sandbox a ‘breakthrough’
Move creates opening for insurtechs as the regulator pushes financial services innovation.
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- February 3 2021
Generali seems keen as India opens up
Despite the change, foreign insurers are expected to remain sceptical as more details emerge.
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- February 2 2021
Bohai Life among six insurers failing China’s tougher solvency rules
Moody's also flags Chang An P&C, Aeon Life, Qianhai Life, JK Life and Sino-French Life.
