This our your regular update of new insurance regulatory developments relevant to the Asia Pacific* and India, new insurance-related case law in Hong Kong, Australia and England and interesting insurance articles from across the world.
Insurance regulatory updates
Hong Kong
Conduct In Focus looks at conduct issues for insurance agents selling insurance from temporary booths
Insurance Authority designates three insurance holding companies under the group-wide supervision framework
Singapore
Reply to Parliamentary Question on Regulatory Guidelines in Classifying Third Party Administrator Costs in Financial Returns Lodged by Accident and Health Insurance Companies with MAS
India
IRDAI publishes Preparation of Financial Statements and Auditor’s Report of Insurance Companies (First Amendment) Regulations, 2021
UK
FCA proposes stronger protection for consumers in financial markets
Australia
APRA extends timeframe on policy contract term measure for individual disability income insurance
APRA releases annual general insurance institution-level statistics
APRA releases consultation to enhance capital adequacy for ADIs with subsidiaries
Insurance news
Zurich’s Min-Jie Ye to lead FWD GI Hong Kong: sources
Gallagher agrees deal for Willis ReInsurance and the Growing Demand for Hyper Personalisation Ransomware attacks could force ‘major reorganisation’ of cyber market
FLT Prime Insurance shut down for missing capital threshold
Singapore SMEs reluctant to take up cyber cover – QBE survey
Singapore posts 29% growth in life insurance uptake for Q1
Strong outlook for Asia M&A insurance – BMS
*Hong Kong, Singapore, China, Malaysia, Vietnam, Thailand and Australia.