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Global Insurance Blog Blog

Articles: 1-10 of 178

UK: HM Treasury announces date on which SM&CR will apply to insurers

United Kingdom - February 1 2018 On 29 January 2018, HM Treasury announced that the Senior Managers & Certification Regime (the “SM&CR”) will apply to insurers from 10 December 2018…

US: National Association of Insurance Commissioners to Hold February Hearing on Collateral Requirements for EU Reinsurers

European Union, USA - January 24 2018 The National Association of Insurance Commissioners (NAIC) will hold a public hearing in New York City on 20 February 2018 to consider how U.S…

Spain: Obligation to provide the KID vs lack of obligation to provide the PID

Spain - January 23 2018 The European Union (the ”EU”) packaged retail and insurance-based investment products (PRIIPs) Regulation (the ”PRIIPs Regulation”) is applicable…

Italy: IVASS provides instructions to insurance intermediaries for preventing cyber risks

Italy - January 11 2018 IVASS has just published a letter to the market addressed to Italian and EU insurance intermediaries and undertakings addressing the level of…

UK: Corporate Insurance Newsletter - December 2017

European Union, United Kingdom - January 2 2018 On 20 December 2017, the PRA published the text of a Dear CEO letter from its CEO and Bank of England Deputy Director, Prudential Regulation…

New insurance linked securities regime comes into force in the UK

United Kingdom - December 7 2017 On Friday 8 December 2017, the Risk Transformation Regulations 2017 and the Risk Transformation (Tax) Regulations 2017 (the 'Regulations') will come…

UK: Corporate Insurance Newsletter - November 2017

European Union, Global, OECD, United Kingdom, USA - December 6 2017 On 29 November 2017, the Prudential Regulation Authority (PRA) published an updated remuneration policy statement (RPS) reporting template for PRA…

UK: Launch of FCA Wholesale Insurance Broker Market Study

United Kingdom - November 9 2017 The FCA has yesterday launched a market study into wholesale insurance broking practices. The FCA has published Terms of Reference for the study…

The Treasury Committee’s Report on EU Insurance Regulation - What’s next for the PRA and the UK insurance industry?

European Union, United Kingdom - November 3 2017 In September 2016, the treasury committee of the House of Commons (the Committee) launched an inquiry into EU insurance regulation and to supplement…

UK: Corporate Insurance Newsletter - October 2017

European Union, United Kingdom - November 1 2017 House of Commons Treasury Select Committee publishes a report on the Solvency II Directive and its impact on the UK insurance industry…