China Meteorological Administration (CMA) and four other government agencies are promoting meteorological-related green financial tools to protect against Nat CAT risks.
The performance of Korean life and non-life insurers in 2025 is expected to be stable, with the sector outlook,'Neutral', says Fitch Ratings.
The Financial Supervisory Commission (FSC), Taiwan's financial regulator, has reiterated that the risk coefficient applicable to the insurance industry's 100% investment in public infrastructure through domestic venture capital firms will be reduced.
As risks continue to evolve, risk experts around the world have to reassess the importance of existing and emerging risks constantly. We spoke to Aon's Mr Joe Peiser on what risk trends the industries in APAC have been seeing, and how Aon is adjusting to those trends.
The International Association of Insurance Supervisors (IAIS) has adopted the first comprehensive global capital standard for insurance supervision, the Insurance Capital Standard (ICS), providing a risk-based measure of capital adequacy for internationally active insurance groups (IAIGs).
The National Financial Regulatory Administration (NFRA) has issued the "Interim Measures for Insurance Asset Risk Classification" to update rules for the risk classification of fixed-income, equity, and real estate assets of the insurance sector.
The Geneva Association has appointed Mr Darren Pain as director of research and Mr Dennis Noordhoek as director of external stakeholder engagement. Both roles are effective 1 January 2025.
The National Insurance Commission (NAICOM) has highlighted the need for the boards of insurance companies to embed robust Governance, Risk, and Compliance (GRC) frameworks in their companies' operations.
Cathay Life Insurance, the largest insurer in Taiwan, is preparing for IFRS 17 and TW ICS implementation in 2026, says CreditSights, a credit research unit of the Fitch Group.
The Capital Market Authority (CMA) has approved a plan by Saudi Reinsurance Company (Saudi Re) to increase its capital through a new share issuance. The approval was granted on 25 November 2024, according to a stock exchange statement issued by Saudi Re.