Subject: Regulatory Page 34 / 94
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- November 16 2020
CBIRC warns on “irrational exuberance” and “oligopolies”
A build up of debt in the financial system and a rush towards innovation are worrying the regulator.
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- November 11 2020
KPMG: Why 2021 is a pivotal year for IFRS 17 preparations the world over
The year 2021 will be critical for insurers to ensure they are ready for new regulations set to arrive in 2023.
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- November 4 2020
Asean’s regulators and market players eye closer relationships
The 10 countries are keen to collaborate across motor, agriculture and nat cats.
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- November 4 2020
CBIRC handed “zero tolerance” and modernising regulatory remit
China's leaders want to avoid systemic risks at all costs.
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- November 3 2020
Hong Kong’s regulator establishes senior disciplinary panel
The regulator sees it as an integral part of its regime.
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- October 28 2020
HK’s regulator prioritises captives, ILS and mainland integration
The HK Insurance Authority wants to be the "ideal global domicile for captives".
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- October 27 2020
Insurtech and GBA are market bright spots: HK’s IA chairman
Moses Cheng highlights the opportunities created by the current crisis.
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- October 27 2020
Japan’s 2050 carbon pledge to spur market into action
The nation is pivoting towards more committed climate policies, with huge implications for (re)insurers.
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- October 22 2020
Indonesia defaults likely to dampen growth: Fitch
Insurers should refocus on corporate governance and risk management, says the ratings agency.
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- October 21 2020
“Have a plan” for response to BI test case: ASIC
Australia's P&C insurers and Lloyd's coverholders need to coordinate action and communication.
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- October 19 2020
Insurers race to meet Philippines’ capital requirements
Four firms have been given a fresh deadline.
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- October 15 2020
Australia’s market calls for more nat cat mitigation funding
The market is worried about extreme weather making coverage inaccessible and unaffordable.
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- October 14 2020
APRA focuses on capital adequacy and corporate governance
Systemic resilience, cyber and corporate governance are moving up the agenda.
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- October 14 2020
China’s state insurers shuffle leaders, including scandal-hit PICC
PICC has been dealing with the fall out from fake gold bars being used as collateral in a transaction.
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- October 13 2020
Thai regulator’s five-year plan emphasises market infrastructure
It promotes insurtech, the Insurance Bureau System and the OIC Gateway.
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- October 12 2020
Singapore’s cyber focus creates path for (re)insurers
The Monetary Authority of Singapore is clamping down on financial institutions through new rules.
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- October 9 2020
Hong Kong’s insurers grapple with stress tests
Risk-based reporting is putting pressure on unprepared companies.
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- October 7 2020
As IAG confirms US$99m settlement, Allianz also faces penalties
Aussie insurers have come under increasing regulatory and public scrutiny in recent years.
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- October 6 2020
RBNZ recommences Insurance Act review
The long-planned review was postponed again this March due to pandemic interruptions.
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- October 5 2020
Australia BI test case nears completion and decision
The ICA notes a "swift determination" will provide "greater clarity" for insurers, regulators and customers.
