This is our regular update of new insurance regulatory developments relevant to the Asia-Pacific* and India, new insurance-related case law in Hong Kong, Australia and England and interesting insurance articles from across the world.

Insurance regulatory updates

Hong Kong

Third virtual insurer granted new authorization under Fast Track

Singapore

ESMA and MAS Sign MOU on Singapore’s Financial Benchmarks

Australia

Directors duties in the context of COVID-19

APRA and ASIC publish latest data on life insurance claims and disputes

APRA commences new data collection to assess temporary early release of superannuation scheme
 

India

Norms on settlement of health insurance claims

UK

FCA expectations for wet-ink signatures in light of coronavirus (Covid-19) restrictions

China

CBIRC Opens Public Account on WeChat

CBIRC Starts Second-Round Public Consultation on the Supervisory Rules of Insurance Agents (Draft for Comments)

Insurance articles / news

Asia: Insurance premium rates rise in downstream energy market

Australia: Financial Services Council offers its views on advice fee consents

Swiss Re offers financial condition report

AXA boosts telehealth services in Asia

P&C players on the hook as China returns to work

Australia’s PSC expands in Asia with two HK deals

China Life’s premium income jumps 13% in Q1

India: New rules issued for foreign investments from neighbouring countries

Insurance industry proposes pandemic insurance pool

AIA Hong Kong grants free COVID-19 coverage through mobile app


*Hong Kong, Singapore, China, Malaysia, Vietnam, Thailand and Australia.