Regulators · Asia
Japan, South Korea And Singapore.
Three supervisory systems, each with a feature that bears directly on how a motor claim is handled and on how a supplier into that process is treated.
Kempron does not operate in any of these markets. China is not covered.
Japan
Who Supervises What
Financial Services Agency
The integrated supervisor of banking, securities and insurance. Insurers are licensed and supervised under the Insurance Business Act, and the FSA publishes an annual report on insurance monitoring setting out its supervisory priorities.
Its powers include business improvement orders, which it used against major non-life insurers following the Bigmotor claims scandal. (Financial Services Agency, January 2024.)
Compulsory Automobile Liability Insurance
Required for every vehicle under the Automobile Liability Security Act and covering bodily injury only. Property damage and liability above the compulsory limits sit with voluntary motor policies.
General Insurance Rating Organization of Japan
Calculates and publishes reference loss cost rates for voluntary motor insurance and standard full rates for compulsory automobile liability insurance, and collects the underlying industry data.
Personal Information Protection Commission
Supervises the Act on the Protection of Personal Information, Japan's general data protection statute, which applies to the handling of claims data.
South Korea
Who Supervises What
Financial Services Commission
The rule-making and policy authority for the financial sector, including insurance. It sets the regulatory framework that the supervisor then applies.
Financial Supervisory Service
The executive supervisor, carrying out examination and enforcement of insurers under the Insurance Business Act. It publishes annual insurance fraud statistics, including the 1.16 trillion won paid on fraudulent claims in 2025. (FSS, as reported by Yonhap, 31 March 2026.)
Insurance Fraud Prevention Special Act
Dedicated criminal legislation for insurance fraud, separate from the general fraud provisions of the criminal code, supporting investigation and prosecution of organised claims fraud.
Personal Information Protection Act
Supervised by the Personal Information Protection Commission, and among the stricter data protection regimes in Asia, with its own rules on automated decision-making.
Singapore
Who Supervises What
Monetary Authority of Singapore
Central bank and integrated financial regulator. Insurers are licensed and supervised under the Insurance Act 1966. MAS also issues guidelines on outsourcing and on technology risk management that govern how a supervised insurer may engage a service provider.
General Insurance Association of Singapore
The industry body that publishes the Motor Claims Framework, under which an accident must be reported to the insurer within 24 hours or by the next working day, incorporated as a condition of motor policies. (General Insurance Association of Singapore.) Not a regulator.
Motor Vehicles (Third-Party Risks and Compensation) Act
The compulsory third-party motor insurance statute. It preserves a third party's claim for death or bodily injury even where the policyholder reported the accident late.
Personal Data Protection Commission
Supervises the Personal Data Protection Act 2012, which governs the collection, use and disclosure of personal data by private organisations.
On Accuracy. These pages name real bodies and real instruments. They are summaries for orientation, not legal advice, and not a substitute for the instruments themselves. Regulators and supervised firms who find an error here are invited to write to info@kempron.io; it will be corrected.
Jurisdictions that could not be sourced to this standard are not listed.