News Regulations

Hong Kong: Insurance Authority highlights processes for managing orphan policies

The Insurance Authority (IA) has highlighted complaints arising as a result of the failure to continue providing service on insurance policies after the licensed individual insurance agent who originally sold the policies leaves the insurer...

AIR team | 18 Oct 2021

Indonesia: Insurance industry braces for impact of VAT under new tax law

Indonesian lawmakers last week passed the Harmonised Tax Law, (HPP) that among other things, imposes a minimum VAT of 5% on insurance services.

AIR team | 15 Oct 2021

India: First chairman of IRDAI calls for review of the insurance regulator

The first chairman of the IRDAI has called for a committee to be formed to review the insurance regulator which was established in 1999.

13 Oct 2021

Thailand: Regulator eases rules to help insurers deal with onslaught of COVID claims

The insurance regulator, the Office of Insurance Commission (OIC), has announced several measures to support non-life insurance companies which are overwhelmed by COVID-19-related insurance claims.

AIR team | 13 Oct 2021

China: CBIRC under scrutiny in anti-corruption audit

13 Oct 2021

India: Madras High Court withdraws order on "bumper-to-bumper" insurance

07 Oct 2021

India: Court says bank board lacks authority to appoint GMs of state-owned general insurers

06 Oct 2021

India: IRDAI forms committee to review regulations governing actuaries

AIR team | 04 Oct 2021

Past Articles

Australia: Insurers ready for regulatory changes

04 Oct 2021

Malaysia: Insurance & takaful sector resilient in face of financial market volatility

01 Oct 2021

Hong Kong: Financial regulators to clarify premium financing standards

01 Oct 2021

China: Mainland insurers encouraged to sell cat bonds in HK

28 Sep 2021

New Zealand: FMA review confirms credit card repayment insurance provides poor value

28 Sep 2021

Bangladesh: Insurance regulator asserts its authority on insurers seeking IPOs

28 Sep 2021

Japan: New economic-value based solvency regulations expected to improve insurers' risk management

27 Sep 2021

Australia: ASIC publishes updated guidance on hawking prohibition

24 Sep 2021

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