This is our 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
Great minds to gather at Asian Insurance Forum 2022 to set the direction for a resilient future
Presentation by Mr Peter Gregoire, Head of Market Conduct and General Counsel, at the Insurance E-Summit 2022 of the Vocational Training Council
Singapore
Consultation Paper on Amendments to the Insurance Act and the Insurance (Intermediaries) Regulations
Mitigating Measures against Fraud Incidents that involve Fraudsters Masquerading as Captive Insurers
Consultation Paper on Group Capital Framework for a Designated Financial Holding Company (Licensed Insurer)
UK
FCA obtains High Court judgment against unauthorised mortgage brokers
Speech by Nikhil Rathi, FCA Chief Executive Rolling regulation forwards
China
Keynote Speech at the 2022 Hong Kong FinTech Week by Mr.Xiao Yuanqi, Vice Chairman of CBIRC
Australia
APRA releases expectations on capital calls for banks and insurers
ASIC announces Enforcement Priorities for 2023
APRA releases findings from insurance risk management review
Breach reporting: ASIC publishes insights from the reportable situations regime
Insurance articles and news
Higher insurance claims lead to underwriting pressure for APAC reinsurers
Major Australian banks, insurers to pay over $84 million to settle class-action lawsuit
Chubb appoints new regional head of consumer for APAC
Australia: Businesses advised to review cyber insurance limits in aftermath of cyber attacks
Singapore general insurance market set for high growth
IRDAI to push government to allow insurers to invest in unlisted companies
*Hong Kong, Singapore, China, Malaysia, Vietnam, Thailand and Australia.