Insurance regulatory updates

Hong Kong

Consultation conclusions on the Insurance (Special Purpose Business) Rules

Opening Remarks by Dr Moses Cheng, Chairman, at Asian Financial Forum 2021

Insurance veterans explore risks and opportunities arising from global climate change

Singapore

MAS Enhances Guidelines to Combat Heightened Cyber Risks

India

Report of the Committee for Standardisation of Professional Indemnity Insurance Policy – Insurance Intermediaries

Guidelines on Cross Border Re-Insurers

Report of the Working Group to study Cyber Liability Insurance

UK
 

FCA reminds firms to regularly review regulatory permissions

China
 China’s New Development Stage and Hong Kong SAR’s New OpportunitiesSpeech at the 14^th Asian Financial Forum
Mr. GUO Shuqing
Party Secretary of PBC, Chairman of CBIRC

Australia

APRA progresses consultation on prudential standard governing insurance in superannuation

Insurance cases

徐志龍 v 香港保險業聯會
Hong Kong Court of First Instance – 20 January 2021

Judicial review – extension of time to seek leave to apply for review of decisions of Hong Kong Federation of Insurers and Insurance Authority in respect of suspension of applicant’s licence – refused


Insurance news  

Hong Kong Insurance Authority wants to limit minimum ILS size
 Axa Singapore bidding war draws HSBC and Etiqa: report

Asia-Pacific liability insurance market to grow 3.8% annually

Global body reveals insurers’ cyber risk awareness initiatives
 Howden’s bold move down under

Indonesia: State owned reinsurer aims to become SE Asia’s biggest reinsurance company

AXIS Insurance welcomes two new underwriters in renewable energy unit

UK BI decision ‘manageable’ despite new precedent: Moody’s

Crawford’s global forensics head to join McLarens

AXA Singapore names new managing director for life strategic business
 

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