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

Insurance Authority welcomes the introduction of the amendment bills to strengthen Hong Kong’s position as a global risk management centre and regional insurance hub

UK

FCA sets out expectations for general insurance firms during coronavirus (Covid-19) pandemic

FCA requests a delay to the forthcoming announcement of preliminary financial accounts

Australia

Guidelines for meeting upcoming AGM and financial reporting requirements

International

International Accounting Standards Board

IASB decides on new effective date for IFRS 17 of 1 January 2023

International Association of Insurance Supervisors

IAIS releases 2019 Global Insurance Market Report (GIMAR)

IAIS Publishes Issues Paper on the Use of Big Data Analytics in Insurance

Insurance cases

No new cases this week.

Insurance articles / news

Proposed amendment to Hong Kong insurance law published

Lloyd’s shutters underwriting room in London

Aon-WTW merger faces regulatory and timing hurdles

Hong Kong’s BEA may sell insurance arms: report

Sedgwick’s James Ong on claims handling in Asia

QBE confirms 200 job cuts in Australia Pacific arm

Swiss Re announces three senior appointments for Asia

Hong Kong: General insurance underwriting gains nearly doubles in 2019 despite social unrest

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