Australia: New prudential standard on operational risk management implemented

Published on July 7, 2025
Insurers, superannuation funds and banks in Australia will now need to meet higher standards of operational risk management as new requirements for operational risk management laid down by the
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Turkiye: New regulation determining total loss or heavily damaged vehicle takes effect

July 6, 2025
The Insurance and Private Pension Regulation and Supervision Agency's new regulation on determining totally wrecked and severely damaged vehicles has entered into force, starting an era in which

Aon bolsters Korean team with senior reinsurance appointments

July 7, 2025
Global reinsurance and insurance broker Aon has strengthened its Korean team with three senior appointments, including Tom Greenaway as Asia Strategic Growth Leader for Reinsurance.Greenaway has served as a Reinsurance Treaty Broker at Aon since 2012, based out of Sydney, Australia.Additionally, SP Hong has been appointed as President for Korea, Reinsurance.He has deep expertise in the Korean mark