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Global insurers are anticipating the loss of a substantial share of their existing business to standalone technology companies over the next five years, according to research by professional services firm PwC. 14 Jun 2016
FOCUS: UK courts are likely to see an increasing number of disputes over the extent to which insurers are liable for the cost of cyber incidents and data breaches suffered by businesses where those companies make claims under general insurance policies. 26 May 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 will, subject to an 18-month transition period, introduce what the UK government has described as “the biggest reform to insurance contract law in more than a century”.
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.
FOCUS: The Fort McMurray wildfires in Alberta, Canada are already on course to be the most costly natural disaster in Canada's history - but their long-term impact on the reinsurance industry might not be as severe as first feared. 25 May 2016
Insurers could benefit from a new national cyber incident database but might be reluctant to input information of their own to that database, an expert has said. 24 May 2016
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