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FOCUS: The likely lapse of the Insurance Block Exemption Regulation (IBER), as anticipated by a recent European Commission report, would take place well before any agreement on the UK's exit from the EU comes into force. 16 Aug 2016
Insurers will have an additional three months to make changes to the documentation they send to customers at renewal, including a new requirement to publish the previous year's premium, the regulator has confirmed. 12 Aug 2016
The EU's Solvency II Directive came into force on 1 January 2016. The directive consolidates and harmonises existing EU insurance directives including life and non-life directives, the reinsurance directive and various others.
The Insurance Distribution Directive makes it easier for firms to trade cross-border, create a level playing field among all participants and strengthen policyholder protection.
The 2015 Insurance Act (2015 Act) applies to all commercial contracts of insurance, and variations to existing contracts of insurance, from 12 August 2016 and introduces what the UK government has described as “the biggest reform to insurance contract...
New rules will apply when insurers outsource "critical or important operation functions or activities" once the Solvency II regulatory regime comes into force on 1 January 2016. This short guide will provide a brief overview of the requirements, as well as...
Anti-competitive agreements are prohibited by European and domestic competition law. This means any anti-competitive provisions in commercial agreements are void and unenforceable which could lead to the entire agreement being unenforceable.
Those producing or selling packaged retail investment and insurance-based investment products (PRIIPs) will have to provide key information documents (KIDs) from the end of 2016.
Sweeping changes to UK commercial insurance law described as the "biggest overhaul since the introduction of the 1906 Marine Insurance Act" come into force today. 12 Aug 2016
Recent reports that people who live in areas with a higher proportion of ethnic minority residents are paying more for car insurance oversimplify insurers' pricing policies, an expert has said. 11 Aug 2016
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