APRA Finalises Longevity Capital Rules as Annuity Illiquidity Premium Takes Effect
APRA longevity capital rules take effect 1 July 2026, introducing an Advanced Illiquidity Premium for Australian annuity insurers to earn capital relief.
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APAC
SCOR, Japan Post Insurance Sign MOU on Postal Life Reinsurance Deal
Japan Post Insurance reinsurance plans advance as SCOR signs a non-binding MOU on postal life cession and a new capital vehicle, subject to regulators.
RGA Deepens Japan Life Reinsurance Push as In-Force Tops $4.3tn
Japan life reinsurance drives RGA's scale as in-force hits $4.3tn and assets reach $164.1bn, with new Sumitomo Life and Anshin Life block deals reported.
APRA Reinsurance Framework Overhaul Keeps Approval Power for Complex Covers
APRA reinsurance framework changes take effect 1 January 2027, easing cat bond access while keeping approval power over parametric and ILW covers.
Prudential HCL Health Insurer Becomes India’s Eighth SAHI Licence
Prudential HCL health insurer wins IRDAI approval as India's eighth SAHI, alongside Prudential's separate Bharti Life stake in life insurance.
Malaysian Takaful Splits as General Contributions Climb 12.4% and Family Stalls
Malaysian takaful diverges sharply in 2025: general contributions climbed 12.4% to RM6.65bn while family new business growth stalled near RM9.74bn.
APAC Cybercrime Surge Tests Insurers’ Underwriting Discipline
APAC cybercrime tops 30% of recorded crime as global cyber rates keep falling, straining insurer underwriting discipline and capacity.
QBE Takes Full Control of Raheja QBE Under New India FDI Rules
Raheja QBE FDI deal: QBE buys out Prism Johnson to take full ownership, the first insurance transaction under India 100% FDI liberalisation.
APRA Reboots Its National Claims Database, Splitting Out Cyber and D&O
APRA National Claims and Policies Database overhaul splits cyber and D&O into new categories, keeping confidentiality safeguards intact.
Japan’s FSA and BOJ Issue Nine Frontier-AI Cybersecurity Measures for Insurers
Japan's FSA and BOJ co-issued nine frontier-AI cybersecurity measures for insurers and banks, with a one-month guideline and explicit CIO/CISO accountability.