All posts tagged "insurance"
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59Australia & NZAPRA Issues Updated Guidance on New Remuneration Standards
The guidance has been updated to align with the Financial Accountability Regime and provide additional examples of better practices to help entities transition smoothly.
October 21, 2021 -
100ChinaCBIRC Tightens Rules for Major Shareholders of Banks, Insurers
The rules prohibit major shareholders from concealing their equity relationships, interfering with operations, and engaging in connected transactions.
October 18, 2021 -
149FeatureHKMA, SFC Outline Expectations on Sale of ILS Products
The circular follows the $30mn issuance of Hong Kong's first catastrophe bond by Greater Bay Re, a state-sponsored special purpose vehicle.
October 12, 2021 -
97Australia & NZAustralia: Industry Bodies Call for Expansion of CSLR
15 organisations call for the compensation scheme of last resort to include product providers, managed investment schemes and the funeral expenses industry.
October 12, 2021 -
181Big PictureIAIS Warns of Climate Risks Faced by Insurance Sector
The IAIS estimates more than 35 percent of insurers’ investment assets are “climate-relevant”, i.e. exposed to climate risks.
October 6, 2021 -
129China
CBIRC to Adopt New Filing System for Insurance Funds
The new record-filing system will boost the efficiency of product issuance, allowing registration results to be issued within five working days.
October 2, 2021 -
146ChinaCBIRC Urges Mainland Insurers to Issue Cat Bonds in HK
The issuance of catastrophe bonds in Hong Kong can help diversify Mainland insurers' losses from natural disasters and enhance the risk-sharing mechanism.
September 29, 2021 -
161Australia & NZ
APRA Clarifies Position on Standards for Insurance in Superannuation
APRA will not proceed with a proposed requirement for independent certification of priority and privilege arrangements to avoid "unintended consequences".
September 23, 2021 -
191Australia & NZCBA Faces Criminal Charges Over Consumer Credit Insurance Sales
Commonwealth Bank plans to plead guilty to making false or misleading representations to customers about insurance policies.
September 17, 2021 -
223EnforcementHong Kong ICAC Files Criminal Charges Against Former AXA Agents
Three ex-insurance agents allegedly conspired to defraud AXA of HK$1.2mn in commissions and bonuses, and to launder over HK$2.7mn in crime proceeds.
September 16, 2021
