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Insurance contract law reform: Law Commission publishes its interpretation of how the proposed duty of fair presentation might apply to multiple parties and publishes a re-drafted clause on terms not relevant to actual loss

United Kingdom - December 10 2014 The Law Commission of England and Wales has published a note which provides an interpretation of how the duty of fair presentation included in the…

David Whear, Laura Hodgson, Nicolò Juvara, Noleen John.

EIOPA consumer trends report

European Union - December 10 2014 EIOPA has issued its third consumer trends report providing an overview of the insurance and pensions markets in terms of consumer detriment, mainly…

David Whear, Laura Hodgson, Nicolò Juvara, Noleen John.

PRA writes to general insurance firms about maintaining adequate reserves

United Kingdom - December 10 2014 On November 13, the Prudential Regulation Authority (PRA) sent a Dear CEO letter to general insurance firms, reminding them of their obligations to…

David Whear, Laura Hodgson, Nicolò Juvara, Noleen John.

EIOPA finalises first set of guidelines for Solvency II and consults on second set of Implementing Technical Standards and Guidelines

European Union - December 10 2014 Last week, the European Insurance and Occupational Pensions Authority (EIOPA) published 18 reports containing the final version of the majority of…

David Whear, Laura Hodgson, Nicolò Juvara, Noleen John.

Italy: life insurance: pension funds and conflicts of interests

Italy - December 10 2014 The Ministerial Decree n. 166 of 2 September 2014 (the Decree) by the Ministry of Finance was published on the Official Gazette website on November…

David Whear, Laura Hodgson, Nicolò Juvara, Noleen John.