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May 2023



Hong Kong: Insurers move closer to implementation of RBC regime

The Insurance (Amendment) Bill 2023 has been gazetted, a move which takes the insurance industry closer to a legislative framework to implement a risk-based capital (RBC) regime.

India: Regulator urges swift action

The Insurance Regulatory and Development Agency of India (IRDAI) has asked the insurance industry to be prepared to move quickly with health insurance solutions covering the ‘missing middle’ in the country.

Vietnam: Two foreign investors increase stake in non-life insurance market

Two domestic insurance companies, the Vietnam National Aviation Insurance Joint Stock Corporation (VNI) and Military Insurance Corporation (MIC), welcomed additional capital from foreign investors in the first quarter of 2023.


AI can spread climate misinformation cheaper and faster

AI can be used for nefarious purposes, including spreading conspiracy theories, in a much cheaper and faster manner according to a study by NewsGuard, a company that monitors and researches online misinformation.

Political risk set to remain elevated but threat levels overestimated

Political risk is likely to remain elevated for multinationals throughout 2023 as several major factors combine to compound problems for risk managers according to Marsh 2023 Political Risk Report.

Staggering cost of mental health is a crisis for insurers

Global life and health insurers are paying up to $15bn a year in mental health-related disability insurance claims according to a new study by The Geneva Association (GA), the leading insurance think-tank.