IRDAI Paper Proposes Lower Expense Limits and a New Distribution Architecture
IRDAI has released a public consultation paper proposing a new distribution architecture, lower expense of management limits and mis-selling safeguards.
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Regulators
IRDAI Scraps Prior Approval for Dividend Repatriation by Foreign-Owned Intermediaries
IRDAI has repealed the prior-approval requirement for dividend repatriation by foreign-owned insurance intermediaries, formalizing changes introduced through amendment regulations.
EU Watchdogs Warn Insurers on Non-EU Tech Reliance, AI Cyberattacks and Private Credit Growth
The ESAs’ Autumn 2026 risk update names external dependencies, AI-amplified cyber threats and private credit as the key vulnerabilities facing European insurers and their…
NAICOM Rejects Recapitalisation Fraud Allegations as ‘False and Misleading’
Nigeria’s insurance regulator has issued a rejoinder rejecting a media report that alleged fraud and law-enforcement detentions tied to the sector’s recapitalisation exercise. NAICOM…
FCA and Partners Join Forces to Increase UK Protection Insurance Cover
The FCA says “we’re working with partners to increase coverage” and that it isn’t planning new market-wide measures, but will take action where firms…
OJK and Kemenkes Launch KAPJ Task Force to Cut Indonesia’s Health Financing Costs
Indonesia’s OJK and Ministry of Health launched the KAPJ task force with five insurers and seven hospital networks signing cooperation agreements to standardize claims…
Brazil’s CNSP Rewrites Contract and Claims Rules for Property Insurance
SUSEP says Brazil's insurance regulator has finished a sweeping rewrite of property and casualty contract and claims-handling rules, with a hard compliance deadline now…
OSFI Rewrites Insurer Regulatory Returns Ahead of 2027 IFRS 18 Switch
OSFI has finalized new regulatory return templates for federally regulated insurers, rebuilding the statement of profit or loss around a new international standard's operating,…
OSFI Finalizes MICAT, Lowers Risk Weight for Low-Rise Construction Loans
OSFI has finalized MICAT 2027, cutting the base risk weight for certain low-rise multi-unit residential construction exposures while leaving high-rise projects unchanged. The revised…
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…