IRDAI Fines Canara HSBC Life Over Mis-Selling to Elderly Customer
IRDAI has fined Canara HSBC Life Insurance for mis-selling a deferred annuity policy to an 88-year-old customer through corporate agent Canara Bank. The regulator…
Line of Business
Life & Health
NAIC’s Policy Locator Tool Passes Major Milestone in Unclaimed Life Insurance Benefits
The NAIC's free Life Insurance Policy Locator has matched consumers with more than $16 billion in lost and unclaimed benefits, regulators say, with growth…
EIOPA Advises Brussels on Minimum Common Standards for Insurance Guarantee Schemes
EIOPA has submitted technical advice urging the European Commission to pursue targeted harmonisation of insurance guarantee schemes across the EU.
APRA Finalises Life Insurer D2A Migration to APRA Connect After Consultation Draws No Objections
APRA has finalised updated life insurance reporting standards LRS 112.3, LRS 114.2 and LRS 114.3, migrating related-party, derivatives and off-balance sheet data collections from…
IRDAI Proposes Public Insurance Registry to Fix India’s Fragmented Data
India's insurance regulator has opened public consultation on a Public Insurance Registry, a proposed digital infrastructure layer designed to connect insurers, reinsurers, intermediaries and…
Swiss Insurers’ Annual Profit Jumps 136% as Reinsurers Lead the Rebound
FINMA's Insurance Market Report 2025 shows Swiss insurers' aggregate profit surging 135.8%, powered by a dramatic reinsurance rebound led by Swiss Re, while non-life…
Eleventh Circuit Affirms LINA’s ERISA Disability Termination, No. 25-12108
The Eleventh Circuit affirmed that LINA lawfully terminated a claimant’s long-term disability benefits, rejecting all six arguments she raised on ERISA appeal.
OJK Gives Indonesian Insurers Extra Month to Adjust to New PSAK 117 Accounting Standard
Indonesia's OJK says 120 of 144 insurance and reinsurance companies have met the mid-2026 minimum equity requirement, while guarantee companies lag at 79%. The…
IRDAI Names Girija Subramanian as Whole-Time Member for Distribution
India's insurance regulator has added a new whole-time member overseeing distribution, arriving weeks after the Authority approved sweeping reforms to how intermediaries are registered,…
India Life Insurance Premiums Jump 20.66% in July, New Policy Sales Barely Move
India's life insurers reported a 20.66% jump in July first-year premium to Rs 47,004.84 crore, but the number of policies sold rose just 0.89%.…