ICICI Lombard Draws Rs. 1 Crore IRDAI Penalty Over Outsourcing Governance Gaps
IRDAI has imposed a Rs. 1 crore penalty on ICICI Lombard General Insurance over outsourcing, vendor due diligence and governance violations found after a…
Region
APAC
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…
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…
Fosun’s Global Insurance Arms Log Broad H1 2026 Gains, Led by Peak Re
Fosun International's first-half 2026 results show gains across its global insurance arms, led by Peak Reinsurance in Hong Kong, with Fidelidade, Pramerica Fosun Life…
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%.…
Six Australian Bodies Urge NSW to Scrap Insurance Tax Before 2027 Poll
Six industry, business and consumer bodies have united to demand every New South Wales party commit to scrapping the Emergency Services Levy on insurance…
APRA Finalizes Level 3 Conglomerate Standards Ahead of October Sunset
APRA has closed out its consultation on remaking the Level 3 conglomerate prudential standards, confirming the administrative-only updates take effect as the current rules…