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PRA issues supervisory statement on EIOPA Solvency II guidelines

The Prudential Regulation Authority (PRA) has issued a supervisory statement confirming that it expects PRA-authorised firms to follow European Insurance and Occupational Pensions Authority's (EIOPA) guidelines under the Solvency II directive, but that there... 27 Apr 2015

EU court gives guidance on insurance contract transparency requirements

Insurers that provide cover to repay loans in the event consumers are too injured or ill to work must make sure their contracts clearly explain the circumstances in which cover is provided in a way which enables consumers buying the cover to understand the... 24 Apr 2015

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EIOPA: national insurance regulators need standardised Solvency II internal model approval processes

Different EU member states need to be consistent when considering and approving applications by insurers to use their own 'internal models' to calculate new capital requirements, according to the regulator. 21 Apr 2015

UK financial regulators set out 'proportionate' senior persons rules for Solvency II and non-Solvency II insurers

Senior staff at smaller insurance firms not subject to the new Solvency II EU-wide regulatory regime will be subject to complementary, but proportionate, regulatory oversight, according to the Financial Conduct Authority (FCA) and Prudential Regulation Authority... 31 Mar 2015

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