FSC Korea Tightens AI Governance Rules for Insurers and the Financial Sector
FSC Korea AI governance guidelines effective June 22, 2026 reshape how Korean insurers deploy AI in underwriting, claims, and fraud detection — against 9…
Region
APAC
APRA Sets Minimum Expectations for Insurer Readiness to Geopolitical Shocks
Geopolitical risk governance: APRA's June 2026 letter sets six board-accountable minimum expectations for insurers, banks and super funds — anchored to CPS 230, no…
New Zealand’s NHC Renews NZ$12.3B Record Reinsurance Tower at +20%
NHC reinsurance tower 2026 reaches a record NZ$12.3B — a 20% increase secured at cost-effective terms, with ILS capital embedded and a NZ$1.4B taxpayer…
Allianz Research: Extreme Heat Could Erase 5–7% of GDP for the Most Exposed Economies by 2030
Extreme heat GDP losses of 5–7% by 2030 for the most exposed economies — Allianz Research's parametric-ready quantification redefines heat as a sovereign risk…
Saudi Re Anchors GIFT City Hub With Former Swiss Re VP as India’s Reinsurance Race Heats Up
Saudi Re appoints ex-Swiss Re VP Ruchi Jain as Principal Officer of its GIFT City IIO. GIFT City reinsurance GWP surged to USD 608M…
PayPay Bets ¥134B on Life Insurance With T&D Financial Life, Mirroring China’s Fintech-Insurer Playbook
PayPay Corp acquires 70.2% of T&D Financial Life for ¥134.34B — converting Japan's 74-million-user payment platform into a life insurance distribution engine targeting the…
Insurance Australia Group Closes A$4 Billion Greensill Litigation, But a Five-Month Trial Looms
IAG settles A$4B in Greensill Bank AG proceedings; Credit Suisse's A$3B tranche goes to a five-month trial opening August 2026 — APRA's governance response…
Japan Prudential Life Sets Aside ¥4.7 Billion as FSA Escalates to Parent Holding Company Inspection
Japan Prudential Life earmarks ¥4.7 billion to compensate 503 policyholders after 107 employees committed fraud over 34 years — the FSA has escalated its…
MNRB Berhad’s RM400M Labuan Re Acquisition Anchors Its Top-5 Asia Reinsurance Push
MNRB Berhad's RM400.49M proposal to fully acquire Labuan Re targets a top-five Asia reinsurer ranking, leveraging Labuan IBFC's offshore platform for international specialty and…
South Korea’s Life Insurance Profit Surges 40% as Non-Life Falls 12% in Q1 2026
South Korea Q1 2026 FSS data: life insurance net profit surged 40.6% to ₩2.37 trillion on IFRS 17 CSM mechanics, while non-life fell 12.3%…