News Regulations

China: Guangdong authorities probe illegal cross-border insurance sales

The Guangdong Financial Regulatory Bureau has issued a circular stating that it was carrying out a probe on the illegal sales of insurance products from overseas and illegal cross-border insurance transactions in the province (excluding Shenzhen).

AIR team | 16 Oct 2024

Singapore: Govt halts proposed sale of local insurer to Allianz in current form

The Singapore government has decided that it would not be in the public interest for the proposed S$2.2bn ($1.68bn) sale of a stake in Income Insurance to global insurer Allianz, in its current form, to proceed.

AIR team | 15 Oct 2024

Widening protection gaps in Asia demand urgent action

Speakers at the 2024 Global Asia Insurance Partnership (GAIP) Summit explored the current landscape of protection gaps, while discussing global efforts to address these challenges and evaluating the effectiveness of these initiatives.

Reva Ganesan | 15 Oct 2024

China: Authorities nab another New China Insurance ex-chairman for corruption

The Shandong Provincial People's Procuratorate has ordered the arrest of Li Quan, former chairman of New China Insurance, for suspected embezzlement and bribe-taking. The insurer, listed in Hong Kong and Shanghai, is one of the biggest...

AIR team | 14 Oct 2024

Pakistan: Regulator proposes hikes in required minimum paidup capital for insurers

AIR team | 11 Oct 2024

Indonesia: Regulator introduces sweeping changes to its supervisory system

AIR team | 10 Oct 2024

Taiwan: Regulator eases rules on purchase of long-term bonds of insurers

AIR team | 08 Oct 2024

Thailand: Insurance regulator promotes open data policy

AIR team | 07 Oct 2024

Past Articles

India: Regulatory moves to increase insurance penetration in rural districts bear fruit

07 Oct 2024

India: Finance Minister urged to correlate insurance premiums with traffic violations

30 Sep 2024

Australia: Insurance brokers urged to enhance disclosure and remuneration practices

30 Sep 2024

Pakistan: Competition regulator proposes slew of measures to open up insurance business to private sector

25 Sep 2024

Australia: APRA releases superannuation product performance metrics

25 Sep 2024

Bangladesh: Insurance market to see changes amid state reforms

18 Sep 2024

Hong Kong: Insurance Authority chairman laments inward investment efforts frustrated by misconceptions

11 Sep 2024

Bangladesh: Insurance regulatory authority has a new chairman

11 Sep 2024

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