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ARTICLE · 02 MAY 2014

Insurance regulation in the Asia Pacific

This guide is an overview and practical checklist of ten common insurance regulatory issues for key AP jurisdictions .

AustraliaInsurance

We are pleased to present Insurance regulation in Asia Pacific – Ten things to know about 20 countries. This guide forms part of our key Asia Pacific publication series.

The purpose of this guide is to provide an overview and practical checklist of ten common regulatory issues on which we frequently are asked to advise upon for the key Asia Pacific jurisdictions where most of our clients operate or in which they are interested in expanding.

It identifies the regulator and whether branches of foreign insurance companies are permitted or only locally incorporated companies. Any restriction on foreign direct investment is highlighted along with the controller regimes (shareholders and directors) for insurance companies and whether a notification or approval from the regulator is required upon proposed or actual change of control and the thresholds thereof. Also addressed is the nature of the regulatory capital regime, whether there is group supervision and

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