Our Asia insurance regulatory tracker for the first quarter of 2018 is below.
It includes updates on the introduction of an insurance levy in Hong Kong, a consultation on agency recruitment incentives in Singapore, and new...more
6/22/2018
/ AML/CFT ,
China ,
CIRC ,
Disclosure Requirements ,
Equity Investors ,
Foreign Insurance Companies ,
Hong Kong ,
Incentives ,
Indonesia ,
Insurance Regulations ,
Investment Products ,
Levy ,
Penalties ,
Regulatory Oversight ,
Regulatory Standards ,
Reinsurance ,
Reporting Requirements ,
SAFE ,
Singapore ,
Vietnam
Our Insurance Horizons 2018 brochure considers the impact of technology, interest rates, protectionism, excess capacity in the reinsurance market and cyber risk. We also look in detail at M&A in the industry, sanctions and...more
5/16/2018
/ Acquisitions ,
Consumer Insurance Products ,
Covered Agreement ,
Cybersecurity ,
Driverless Cars ,
IAIS ,
IFRS ,
Interest Rates ,
Life Insurance ,
Mergers ,
Regulatory Oversight ,
Reinsurance ,
Risk-Based Approaches ,
Senior Managers Insurers Regime (SMIR) ,
Technology ,
UK Brexit
After two rounds of consultation, the China Insurance Regulatory Commission (“CIRC“) released the final version of the Administrative Measures for Equity Interests in Insurance Companies (the “New Measures“) on March 7, 2018,...more
Please find our Asia insurance regulatory tracker for the first quarter of 2017.
It includes updates on the new independent insurance regulator for Hong Kong (which will assume its functions on 26 June), new rules on equity...more
6/9/2017
/ Asset Management ,
China ,
CIRC ,
Cross-Border Transactions ,
Equity Investors ,
Hong Kong ,
Indonesia ,
Insurance Industry ,
Regulatory Standards ,
Reinsurance ,
Singapore ,
Vietnam
On 16 May 2017 the CIRC and the Hong Kong Office of the Commissioner of Insurance (“OCI“) entered into a framework agreement aimed at mutual recognition of solvency regimes between Mainland China and Hong Kong....more
The Hong Kong Financial Services Development Council, an advisory body to the government, has recently released a report on the Hong Kong insurance sector. Its key recommendations are...more
It has been announced that the new Independent Insurance Authority for Hong Kong (“IIA“) will assume its functions on 26 June 2017 (the “Commencement Date“), replacing the Office of the Commissioner of Insurance....more
On 4 January 2017 the China Insurance Regulatory Commission (“CIRC“) published on its website the final version of the Measures on the Compliance Management of Insurance Companies (the “Compliance Measures“), which will...more
A new guidance note on reinsurance for Hong Kong insurers (“GN17“) came into effect on 1 January 2017.
GN17 contains a number of general requirements with regard to the management and monitoring of reinsurance...more
New corporate governance standards for insurers authorised in Hong Kong came into effect on 1 January 2017. Hong Kong incorporated insurers and overseas insurers with a certain threshold of Hong Kong business must comply with...more