Subject: Regulatory Page 40 / 92
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- October 8 2019
Australia’s Reserve Bank warns on profits and climate
A financial stability review has raised concerns for the life market and about climate change.
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- October 7 2019
Criminal charges pressed against CBA subsidiary
CommInsure is facing 87 charges related to the selling of life policies in 2014.
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- September 27 2019
MoU signed between regulators OIC and MAS
Thailand and Singapore commit to collaboration on industry supervision.
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- September 26 2019
Global groups request another IFRS 17 delay
Insurers worldwide seek more time to implement the already-postponed adoption of IFRS 17.
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- September 23 2019
Hong Kong’s IA publishes broker registry
The move comes as the Insurance Authority takes over regulatory duties.
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- September 20 2019
RFIB granted Hong Kong authorisation
The (re)insurance broker will have its full team in place by the end of October.
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- September 18 2019
Hong Kong ushers in IA broker regulatory era
The Insurance Authority regime is likely to be evolution rather than revolution.
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- September 17 2019
IAG defending potential US$690m class action suit
The first court hearings of an add on lawsuit against the Australian giant have begun.
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- September 13 2019
Japan’s regulator to investigate Japan Post’s mis-selling
The investigation is expected to last two months.
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- September 12 2019
Indian banks’ stakes in insurers to be capped: report
A 30% cap would be a significant change for the market.
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- September 4 2019
Hong Kong’s regulator refines broker code of conduct
Insurance Authority is to adopt "flexible approach" as regime for agents and brokers begins.
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- September 3 2019
Australia to reveal insurers in customer disputes
The Australian Financial Complaints Authority is working out a start date for the regulation.
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- September 2 2019
India’s FDI broking boost
International brokers likely to take advantage of the country's 100% FDI reforms.
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- September 2 2019
India ushers in 100% FDI for brokers
There has been a mixed reaction from India's broking association to the move.
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- August 30 2019
20 insurers in China issued rectification notices
The firms were found to have made a series of errors and have been instructed to make amends.
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- August 22 2019
Fresh Japan Post policy scandal linked to Aflac
A failure to update the customer data management system could be to blame for double charging and underinsurance.
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- August 15 2019
Allianz Australia requires US$169m of capital: APRA
The Australian Prudential Regulation Authority is requiring the investment following a test in 2018.
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- August 12 2019
400,000 Australians asked to review NAB lawsuit
Law firm Slater and Gordon believe thousands more customers could be involved in class action.
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- August 8 2019
Allianz drops consumer credit lines in Australia
Following intense regulatory scrutiny the German giant has decided to exit the market.
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- August 7 2019
PBOC shows regulatory teeth to non-financial firms
A holding company license rule from the People’s Bank of China could help prevent contagion risk.
