CRA Legal Regulation
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India’s Reserve Bank to address climate risks
India’s central bank Reserve Bank of India (RBI) will contribute to the global efforts to mitigate the risks associated with…
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India’s Insurance Act reform can boost foreign investment, says GFIA
The Global Federation of Insurance Associations (GFIA) has written to India’s finance minister welcoming the government’s move to make changes…
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AI-powered solution to automate regulatory alert creation
The first agentic (capable of achieving outcomes independently) AI-powered solution to automate regulatory alert creation and workflow orchestration has been…
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Japan issues sustainability disclosure standards aligned with ISSB standards
The Sustainability Standards Board of Japan (SSBJ) has issued its inaugural sustainability disclosure standards, aligned with the International Sustainability Standards…
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Pakistan’s regulator recommends major changes to insurance regulatory framework
The insurance regulator has recommended major amendments to strengthen the insurance industry’s risk absorption capacity, bolster financial stability, and provide…
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New risk-based regulations for Indonesian insurance industry
The Financial Services Authority (OJK), the Indonesian insurance regulator, with effect from 24 March 2025, will implement a new regulatory…
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India’s regulator forms review panel to look into industry reforms
The Insurance Regulatory and Development Authority of India (IRDAI) has formed a high-powered committee to review significant changes to the…
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Australian actuaries urge government to focus on climate change and cyber
The Actuaries Institute of Australia has identified five key priorities to strengthen national economic resilience and social equity in its…
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More aircraft lessors settle Russia war risk claims in Ireland
Irish aircraft lessor Avolon and Singapore-based firm BOC Aviation have both settled lawsuits against insurers that denied claims following the…
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GIFT City: A world class regional insurance hub in the making
In his welcome address at the 2nd IFSCA-IRDAI GIFT IFSC Global Reinsurance Summit, International Financial Services Centres Authority (IFSCA) executive…
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Reinsurance has critical role in Indian insurance market revolution
The international reinsurance market plays a critical role in the growth of domestic insurance markets and therefore economies in emerging…
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EU data privacy claims filed against six Chinese firms
Austria-based data privacy campaign group noyb has filed GDPR complaints against Chinese firms TikTok, AliExpress, SHEIN, Temu, WeChat and Xiaomi…
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European Council approves delay in EU deforestation rules
The European Council has formally postponed application of the EU deforestation law by one year. The Council said the postponement…
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Hong Kong launches roadmap on sustainability disclosures
Hong Kong is making progress in its efforts to up the territory’s game in terms of sustainability reporting, according to Sonali…
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China and US sign insurance sector MOU
China’s National Financial Regulatory Administration and the US Treasury’s Federal Insurance Office have signed a memorandum of understanding (MOU) related…
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Indonesian regulator calls for higher profile for insurance
The Indonesian insurance industry will face great opportunities as well as significant challenges in 2025, a senior official of the…
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Malaysia acts to counter rising health insurance premiums
Bank Negara Malaysia (BNM) will announce further details on interim measures to address the rise in health insurance premiums this…
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Indian shipping directorate consults on India P&I Club
The plan for a new Indian Protection & Indemnity (P&I) Club has taken a step closer to reality with news…
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Regulatory changes will drive Asia insurance M&A
The Asia Insurance M&A Conference 2024, themed ‘Asia’s M&A advantage: Navigating the global landscape and harnessing regional growth potential’, is…
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European businesses discuss de-risking strategies as China struggles to re-bound
The European Chamber of Commerce in China (ECCC) is holding an event in Shanghai on 3 December entitled ‘2025 China…