Insurance regulators in most APAC countries have introduced measures to safeguard policyholder interests while ensuring industry resiliency. Most relate to policyholder protection, capital preservation and business continuity, supervisory relief to reduce the administrative burden on insurers and improvements to risk management, among other areas. 

 

Regulations to preserve capital strength and risk management 

The capital-management measures introduced by some APAC regulators and the increasing commitment by regulators and insurers to strengthen risk-management practices will position insurers favourably to counter evolving risks posed by the pandemic. 

 

Insurers in Australia and Singapore were asked by regulators to adopt a prudent and forward-looking approach to managing capital while…