Subject: Regulatory Page 34 / 92
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- August 17 2020
Hong Kong confirms Clement Cheung as IA CEO for 3 more years
He will serve at least five years and has been a steady hand during a turbulent period.
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- August 14 2020
ICA launches Covid-19 BI test case with Hollard and HDI
The firms have offered their claims to form the basis of the Covid-19 test case.
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- August 12 2020
Korean majors in property sell-off ahead of new regulations
Insurers are shoring up capital to prepare for K-ICS and economic uncertainties from the pandemic.
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- August 10 2020
HK Insurance Authority “closely monitoring” US sanctions
The regulator urges market players to assess legal, business and commercial risks.
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- August 7 2020
China announces “three year plan” for P&C market
The CBIRC is promising greater reforms -- and scrutiny.
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- August 7 2020
Philippines state insurer officials face charges in US$300m fraud
Case follows Indonesia's state-run Jiwasraya being shut down due to fraud and corruption.
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- July 31 2020
Lloyd’s reaches out to Asia’s regulators on pandemic risk
Risk pools in the US and Europe point to potential market-government frameworks.
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- July 31 2020
ICA to conduct BI test case with regulator
The ICA is working together with the Australian Financial Complaints Authority in the courts.
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- July 27 2020
MAS ramps up (re)insurers’ cyber risk regulation
The regulator looks to enhance its oversight and impose larger fines.
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- July 27 2020
Tracking Asia’s path as the “next frontier for ILS”
Recent regulatory activity in Singapore and Hong Kong points to go.
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- July 23 2020
CBIRC delegates authority for majority of P&C insurers
Local authorities to become responsible for 64 P&C players.
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- July 22 2020
China’s regulator seeks to shore up life giant
Huaxia Life employs around 500,000 people and has been linked to several rivals.
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- July 22 2020
CBIRC urges insurers’ support for flood-hit regions
Direct economic losses have soared past US$12bn.
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- July 21 2020
HK’s financial regulators restate security bill commitment
Financial secretary Paul Chan urges regulators to clarify the law and reassure stakeholders.
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- July 20 2020
China’s worst floods in 30 years renews focus on risk
Greater public-private collaboration and advanced modelling is needed.
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- July 20 2020
China seizes insurers linked to billionaire Xiao Jianhua
The Chinese state takes control of several firms linked to Xiao after discovering irregularities.
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- July 20 2020
Chinese insurers record healthy H1 premium growth
Life and P&C players are experiencing a solid uptick in sales compared with 2019.
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- July 17 2020
Hong Kong passes bill to reduce insurers’ profit tax
The Insurance Authority says the changes will fortify the city's competitiveness.
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- July 17 2020
China to remove restrictions on insurers’ equity investments
Chinese insurers hold over US$3 trillion in assets.
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- July 17 2020
SG in “severe downturn”, but market remains resilient: MAS
The Authority's stress tests shows insurers remain resilient.
