This is your 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

IA releases Phase 2 of the Temporary Facilitative Measures to Tackle the Outbreak of COVID-19

Insurance Authority extends the validity and coverage of temporary facilitative measures

Closure of Insurance Authority office until 13 April

Australia

APRA releases intermediated general insurance statistics for December 2019

APRA announces temporary suspension of APRA Connect data collection solution project

Quarterly Statement by the Council of Financial Regulators

UK

Identifying key financial workers – responsibilities of Senior Managers

FCA and PSR respond to the CMA’s guidance on business cooperation under competition law

FCA’s expectations on financial resilience for FCA solo-regulated firms

Statement of Policy: Delaying annual company accounts during the coronavirus crisis

IAIS

IAIS Executive Committee takes steps to address impact of COVID-19 on the insurance sector

Australia

ASIC recalibrates its regulatory priorities to focus on COVID-19 challenges

China

CBIRC Releases the Interim Rules on Insurance Asset Management Products
 

Insurance articles / news

IAG to let small businesses defer premiums during outbreak

Chubb allegedly knocked by infamous cyber attack

Insurance deemed ‘essential service’ during lockdown

COVID-19 to test insurers’ resilience – S&P

AXA Singapore launches investment-linked plan

Lloyd’s of London announces huge turnaround in 2019 results

Surge in Thailand L&H purchases due to Covid-19

Australian SMEs hard hit by virus, forced to cancel policies

KB Financial likely acquirer of Prudential Life Korea

General insurance premiums rise 8% in Singapore

China: Health insurance leads total business

 

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