Insurance Notes

New regulatory regime for insurance intermediaries in Hong Kong takes effect

The new statutory regime for the regulation of insurance intermediaries in Hong Kong takes effect today. This represents the final stage of …

Updated Brexit Legal Guide launched

Regulators extend transitional direction powers in line with Brexit delay

The FCA, Bank of England ("BoE") and PRA yesterday announced measures to extend certain UK-specific Brexit transitional relief provisions for a further …

Stormy outlook or a silver lining? EIOPA consults on principles for outsourcing to cloud service providers

The increasing threat that new market entrants might use technology to win a share of the insurance market has been forcing established insurers to …

ICO's proposed largest ever fine of £183 million against BA prompts the question: can you insure penalties imposed for breach of GDPR?

The UK's data protection authority, the ICO, has announced twice in two days this week that it proposes to levy significant fines on organisations for …

Guideline on Cybersecurity for Hong Kong authorised insurers will come into effect on 1 January 2020

Last Friday, the Hong Kong Insurance Authority published its Guideline on Cybersecurity (GL 20) for authorised insurers.  GL 20 will take effect on …

FCA calls for input on proposed cross-sector sandbox

New technologies, such as artificial intelligence ("AI") and distributed ledger technology ("DLT"), continue to have a significant impact on the way in …

FCA concludes review of the fair treatment of with-profits customers

The FCA's thematic review of with-profits business has found "signs" that a small number of firms are in breach of its rules. Despite this, the FCA is …

EU guidance on “no-deal” Brexit suggests increased risk Hague Convention on Choice of Court Agreements won’t apply to exclusive English jurisdiction clauses agreed pre-Brexit

The post below was first published on our Litigation blog. As we have previously noted, there is some uncertainty over whether, following a “no-deal” …

FCA review of the general insurance distribution chain – "at a glance" guide

In line with its continuing focus on fairness in pricing and customer value, the FCA has published a thematic review on the general insurance …

Brexit - Impact of Article 50 extension on the UK Temporary Permissions Regime

Following last week's agreement between the UK and the EU to extend Article 50 until 31 October 2019, the FCA has confirmed that it will also extend the …

New decision tree on enforcement of English judgments in the EU27 post-Brexit

The post below was first published on our Litigation blog. Amidst the ongoing uncertainties in relation to both the nature and timing of Brexit, we have …