Rising regulation emerges as key risk for Asia insurers

With markets now having absorbed the damage from the Covid pandemic, asset owners in the Asia Pacific - and in particular insurance companies - are turning their attention to regulatory challenges, while net-zero targets and hedging issues are also prevalent concerns, a new survey shows. The ambiguity surrounding the International Financial Reporting Standard (IFRS) 17 framework, the new accounting standard for insurance contracts effective since January 1 this year, is emerging a…