Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Jul 2023

News


Asian

Australia: Govt takes measured approach to reform financial advisory sector

The government will adopt the bulk of Quality of Advice review recommendations to ensure Australians have access to reliable and affordable financial advice, according to a statement released by assistant treasurer and minister for financial services Stephen Jones.
 


China: Authorities issue regulation to strengthen supervision of medical insurance funds

China has formed a tough stance against medical insurance fraud and will strengthen its regulation on the use of medical insurance funds, according to a policy briefing held by the State Council on 9 June.
 


Japan: Life sector's profitability expected to recover in 2024

The overall profitability of Japanese life insurers is likely to bounce back in the financial year ending 31 March 2024, says Fitch Ratings in a new report.
 


Risk

Liability risk considerations in insuring AI

In cases where an AI-related error or failure occurs, liability insurance may need to step in to address AI-related losses according to the National Alliance for Insurance Education & Research (NAIE&R).
 


Younger generations more tolerant of fraud

Younger generations in the US tend to show a high level of tolerance to insurance fraud according to a new survey of insurance consumers.
 


Biodiversity to tackle climate change

Investors have developed strategies around climate-related risks, policies and disclosures, but haven’t put the same level of focus on biodiversity and nature-related risks according to Aon’s The One Brief weblog.