Subject: Regulatory Page 36 / 93
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- July 15 2020
Securities class action and D&O ramping up worldwide: report
Australia's "thriving" litigation activity has led to a surge in D&O costs and demand.
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- July 13 2020
ICA responds to bushfire enquiry as claims reach US$1.63bn
Rob Whelan, ICA’s chief executive, believes there are too many taxes to help consumers afford cover.
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- July 13 2020
India to launch pandemic risk pool
The government also restarted talks to set-up a nat cat risk pool in June.
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- July 13 2020
Philippines charts insurtech age with inaugural sandbox
The Insurance Commission hails it as a "pioneering moment."
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- July 10 2020
Chinese motor reforms are “credit negative” for insurers: Moody’s
The regulator's sweeping changes could increase loss ratios from 60% to 75%.
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- July 9 2020
The third wave of microinsurance
Why insurers should focus on the microinsurance opportunity now.
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- July 9 2020
Indonesia to close Jiwasraya and “save policyholders”
The state says a new insurer will pay the troubled life player's over US$1bn of outstanding claims.
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- July 9 2020
India’s insurers may power state start-up funds
National insurers (such as GIC and LIC) are seen as large reservoirs of untapped capital.
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- July 9 2020
Insurance Authority’s Cheung on HK’s regulatory path
The regulator wants to promote confidence in HK's market potential, and its cross-border tie-ups.
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- July 6 2020
HKFI reveals committee and taskforce members for 2020/2021
Many market heavyweights are onboard for the important positions.
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- July 3 2020
HK government unveils US$15.5m fintech scheme
The SAR is ramping up support for the sector through its Cyberport hub.
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- June 30 2020
Wirecard fraud could trigger claims in Asia
The D&O and trade credit markets are bracing for the impact of multiple failures at the giant fintech.
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- June 29 2020
Australia appoints next chair of GI governance committee
Former Australian Financial Security Authority exec to start on July 1.
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- June 29 2020
HK regulator’s big plans for Belt and Road Exchange
Reinsurance, captives and tax breaks for specialty risks are on the agenda.
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- June 24 2020
CBIRC extends capital benefits to HK reinsurance placement
The move extends mutual trust and benefits both Chinese insurers and HK reinsurers.
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- June 23 2020
Australian market calls out sharp D&O premium hikes: reports
Marsh has called the rise "unprecedented and unsustainable."
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- June 22 2020
HK Insurance Authority extends tenure of senior execs
Executive directors Hui and Lam sign for another three years, while two directors exit.
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- June 19 2020
CPIC eyes overseas deals after London listing
Potential US$2bn fundraise should help navigate strict Chinese capital rules for international buys.
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- June 17 2020
Former chair of China’s regulator handed 11-year jail sentence
Xiang Junbo had already admitted to bribery.
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- June 16 2020
HKIA extends Covid-19 measures; Gregoire takes on conduct role
'Virtual' sales to continue to minimise threat of Covid-19 while there is also help for CPD.
