This month's roundup of developments affecting the insurance industry sees implementing Regulations being published by the European Commission on reporting and disclosure under Solvency II, the FCA launching a market study on completion in the wholesale insurance broker sector and EIOPA highlighting its regulatory and supervisory priorities for 2018.

 

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General Update

 

  • IAIS extends deadline for consultations on ICPs 8, 15 and 16
  • EIOPA speech on regulatory and supervisory priorities for 2018
  • FSB statement on list of G-Slls for 2017
  • Joint Committee of ESA's updates Q&A on PRIIPs KID: November 2017
  • ABI guide to identify and support vulnerable customers in long term savings market
  • OECD revised guidelines on insurer governance
  • EIOPA report on insurers' investment behaviour
  • ENISA report on harmonising risk assessment language in cyber insurance
  • IAIS application paper on governance of insurance groups
  • PRA publishes consultation on effective financial management and planning by insurers
  • FCA launches market study on competition in the wholesale insurance broker sector
  • IAIS releases draft revised ICPs for information purposes pending adoption at 2019 AGM
  • Notice confirming provisional application date of EU and US bilateral agreement on insurance and reinsurance prudential measures published in OJ
  • PRA Rulebook Administration Instrument (No. 3) 2017
  • IAIS agrees approach to implementation of ICS version 2.0
  • PRA policy statement, supervisory statement and near-final rules and forms on authorisation and supervision of insurance special purpose vehicles
  • FCA policy statement and near final rules on Handbook changes reflecting new regulatory framework for insurance linked securities

 

Insurance Distribution Directive

 

  • ECON urges Commission to take into account European Parliament's recommended to postpone IDD application date to 1 October 2018

 

STOP PRESS: The European Commission has now proposed extending the application date of the IDD to 1 October 2018

 

Solvency II

 

  • Implementing Regulations on ITS on reporting and disclosure under Solvency II published in OJ