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7 Oct 2026Regulatory guidance

Insurtech & AI

Singapore issues AI risk guidelines for financial firms, with third-party AI in scope

MAS issued Guidelines on AI Risk Management for all financial institutions. The guidelines take effect on 7 October 2027, and MAS expects some sections to be met by 7 October 2028.

Source: Monetary Authority of Singapore

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6 Oct 2026News brief

Insurance

Four nations join forces to close insurance protection gaps

Industry bodies in Australia, Canada, New Zealand and the UK form an alliance on affordability, climate risk and insurance access.

Source: Insurance Council of Australia

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5 Oct 2026Company announcement

Reinsurance

Prismic agrees $5bn Japan life reinsurance deal

The agreement covers dollar-denominated whole life reserves from Prudential Financial’s Japanese businesses.

Source: Prudential Financial / Prismic Life

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