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…
Topic
Compliance
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…
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…
FCA’s New Non-Financial Misconduct Regime Puts Insurers’ Culture Under the Conduct Rulebook
New FCA rule COCON 1.1.7FR and PS25/23 Handbook guidance on non-financial misconduct took effect on 1 September 2026, resetting conduct-rule and fitness-and-propriety obligations for…
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…