Insurance Notes

COVID-19 Governance: Regulatory impact for insurers

The COVID-19 pandemic is creating significant health, social and economic challenges world-wide, forcing governments and businesses to assess the impact …

FCA publishes finalised guidance on GI distribution chain

The FCA has published final guidance for insurance product manufacturers and distributors involved in the general insurance distribution chain (see …

FCA publishes interim report on general insurance pricing practices market study

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 UPDATE - EEA (RE)INSURERS

EEA insurers and reinsurers doing business in the UK under the insurance passport must prepare for the UK's withdrawal from the EU. We consider, in our …

EXTENDING THE SENIOR MANAGERS AND CERTIFICATION REGIME TO INSURERS

The UK Senior Managers and Certification Regime (SMCR) is being extended to all financial services firms during 2018. PRA and FCA proposals applying to …

FCA CONSULTS ON EXTENDING THE SMCR TO INSURANCE INTERMEDIARIES

The FCA has published proposals to extend the Senior Managers and Certification Regime (SMCR), which already applies to banks, to other financial …

Exiting the EU - the die is cast

On Wednesday 29 March 2017, the UK Prime Minister, Theresa May, gave notice under Article 50 of the Treaty on European Union (TEU)("Article 50") of the …

Key governance developments - "at a glance" guide for insurers

The governance landscape for insurers continues to develop following the introduction of the Senior Insurance Managers Regime last year and PRA …

Treasury Committee inquiry into Solvency II - the case for change

The House of Commons Treasury Committee ("TC") is looking at the case for changing, or even replacing, Solvency II in a post-Brexit world.  Its …

Brexit - Implications for insurance intermediaries

Following the UK referendum on EU membership, businesses have no alternative but to prepare for the UK's exit from the EU. Our "at a glance" guide …

Brexit - Key issues for lobbying by insurers

Our latest "at a glance" guide identifies, in two pages, some of the key issues insurers may want to ensure are on the negotiating team's agenda.  …