News Regulations

Korea FSC to establish AI-powered insurance fraud prevention infrastructure

Korea FSC to establish AI-powered insurance fraud prevention infrastructure

South Korea's Financial Services Commission (FSC) will establish an AI-powered insurance fraud prevention infrastructure as part of its broader financial sector reform agenda for the second half of 2026, with the measure aimed at strengthening...

Jake Nathanoel Dellosa | 17 Jul 2026

ICA to host insurer consultations for Port Pirie storm policyholders

ICA to host insurer consultations for Port Pirie storm policyholders

The Insurance Council of Australia (ICA) will hold insurance consultations later this month for policyholders in Port Pirie affected by the severe storms that struck the region in late November 2025. It said this will allow residents to meet face...

Jake Nathanoel Dellosa | 17 Jul 2026

Hong Kong: IA initiates crackdown on sales practices

Hong Kong: IA initiates crackdown on sales practices

The Insurance Authority (IA) has initiated a number of steps to improve sales practices within the industry.

Jimmy John | 15 Jul 2026

China launches joint inspections into suspected medical insurance and drug distribution irregularities

China launches joint inspections into suspected medical insurance and drug distribution irregularities

China's National Medical Products Administration (NMPA) and National Healthcare Security Administration have launched joint inspections of medical institutions and pharmaceutical wholesalers in the Inner Mongolia Autonomous Region and...

Reva Ganesan | 14 Jul 2026

South Korean police raid Jaseng Hospital over alleged insurance fraud

South Korean police raid Jaseng Hospital over alleged insurance fraud

Jake Nathanoel Dellosa | 10 Jul 2026

Hong Kong: Regulator authorises two captive insurers in wake of successful development strategy

Hong Kong: Regulator authorises two captive insurers in wake of successful development strategy

Sarah Si | 09 Jul 2026

Malaysia: Government-designed MediAsas to be launched by private insurers

Malaysia: Government-designed MediAsas to be launched by private insurers

Jimmy John | 08 Jul 2026

South Korea: Unclaimed insurance money to be returned to beneficiaries

South Korea: Unclaimed insurance money to be returned to beneficiaries

Jimmy John | 08 Jul 2026

Past Articles

New Zealand: FMA sets out regulatory priorities for coming year

New Zealand: FMA sets out regulatory priorities for coming year

Australia: APRA publishes findings of inaugural System Risk Stress Test

Australia: APRA publishes findings of inaugural System Risk Stress Test

China: Government clears 557 drugs for insurance list

China: Government clears 557 drugs for insurance list

Insurance Council of Australia launches consultation on revised General Insurance Code

Insurance Council of Australia launches consultation on revised General Insurance Code

South Korea: Government to fund high-payout liability insurance for medical personnel

South Korea: Government to fund high-payout liability insurance for medical personnel

Indonesia: LPS moves to launch insurance policy guarantee framework by 2027

Indonesia: LPS moves to launch insurance policy guarantee framework by 2027

South Korea: Regulator asks insurers to give customers advance notice of changes to claim standards

South Korea: Regulator asks insurers to give customers advance notice of changes to claim standards

India: Regulator constitutes working group on AI governance in the insurance sector

India: Regulator constitutes working group on AI governance in the insurance sector

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