News Regulations

Philippines: Insurance Commission boosts compliance drive as fines surge nearly 90% in 2025

Philippines: Insurance Commission boosts compliance drive as fines surge nearly 90% in 2025

The Philippines' Insurance Commission (IC) recorded a near 90% increase in its fines and penalties collection in 2025, with the agency attributing the rise to intensified efforts to enforce compliance and strengthen oversight of regulated entities.

Jake Nathanoel Dellosa | 10 Apr 2026

IRDAI forms sub-committee to review India's private health insurance landscape

IRDAI forms sub-committee to review India's private health insurance landscape

The Insurance Regulatory and Development Authority of India (IRDAI) has constituted a sub-committee aimed at reviewing the current landscape of private health insurance in India. The move is part of its efforts to boost the penetration of...

Jake Nathanoel Dellosa | 10 Apr 2026

Australia: APRA applies additional US$1.4m capital requirement to MGA

Australia: APRA applies additional US$1.4m capital requirement to MGA

The Australian Prudential Regulation Authority (APRA) has applied an additional A$2m ($1.4m) capital requirement to Sovereign Insurance Australia (SIA), an MGA.

Sarah Si | 09 Apr 2026

Indonesia: Regulator reports on industry's growth in monthly update

Indonesia: Regulator reports on industry's growth in monthly update

The insurance industry in Indonesia had a varied performance in February 2026. The life insurance sector recorded limited growth in premium income, while the general insurance and reinsurance industry showed a more significant increase.

Ahmad Zaki | 08 Apr 2026

South Korea: Postal service abolishes cap on rewards for reporting insurance fraud

South Korea: Postal service abolishes cap on rewards for reporting insurance fraud

Jimmy John | 08 Apr 2026

Malaysia: Regulator to include no look-back clause for base health plans

Malaysia: Regulator to include no look-back clause for base health plans

Jimmy John | 01 Apr 2026

Singapore regulator to classify investment-linked policies as complex products

Singapore regulator to classify investment-linked policies as complex products

Jake Nathanoel Dellosa | 31 Mar 2026

Hong Kong Insurance Authority reports 1,173 complaints in 2025, highlights conduct and compliance focus

Hong Kong Insurance Authority reports 1,173 complaints in 2025, highlights conduct and compliance focus

Jake Nathanoel Dellosa | 31 Mar 2026

Past Articles

Proposed capital reforms to strengthen Hong Kong's reinsurance hub status

Proposed capital reforms to strengthen Hong Kong's reinsurance hub status

Thailand's regulator accelerates nationwide system to protect victims of road accidents

Thailand's regulator accelerates nationwide system to protect victims of road accidents

Sri Lanka's regulator signs MoU with police to address finance offences

Sri Lanka's regulator signs MoU with police to address finance offences

Taiwan: Regulator uses insurance industry as example in customer protection cases and corrections

Taiwan: Regulator uses insurance industry as example in customer protection cases and corrections

Australia: Financial complaints data dashboard launched

Australia: Financial complaints data dashboard launched

Hong Kong: IA aims to expand options amid rising medical costs

Hong Kong: IA aims to expand options amid rising medical costs

Vietnam: Sun Life raises funds to strengthen digital growth strategy

Vietnam: Sun Life raises funds to strengthen digital growth strategy

Sri Lanka moves toward national insurance information system, digital motor insurance cards

Sri Lanka moves toward national insurance information system, digital motor insurance cards

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