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The US Treasury and US Trade Representative (USTR) will be seeking "recognition of certain prudential measures" from the EU as part of negotiations for a covered agreement on insurance, according to an announcement. 25 Nov 2015
The Financial Conduct Authority (FCA) has launched an initiative aimed at deepening its own understanding of how insurers are using big data and how that use might evolve over the next five years. 24 Nov 2015
A new EU directive which will make it easier for firms to trade cross-border, create a level playing field among all participants and strengthen policyholder protection is close to final adoption.
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 produce key information documents (KIDs) as a result of planned EU legislation designed to make it easier for retail investors to compare products...
Deferred prosecution agreements (DPAs) are a way for authorities and companies to settle certain kinds of disputes involving allegations of corporate criminal misconduct. Their use could have implications for directors and officers liability (D&O) insurance....
Businesses should provide people with an 'opt out' right to object to the processing of their personal data when they make an assessment that consent is not necessary as part of a big data project, an EU privacy watchdog has said. 23 Nov 2015
Flood insurance scheme Flood Re is "on track" to accept its first policy in April 2016 after securing its first £1.29 billion worth of reinsurance cover, it has announced. 23 Nov 2015
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