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Australia-based insurance company QBE has reported a 46% fall in its first half profit to $265 million, due to having to set aside $283 million for claims liabilities. 19 Aug 2016
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
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.
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...
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.
This guide was last updated in July 2012.
This guide was last updated on 20th December 2010. Please see our guide to developments in July 2012.
The European Insurance and Occupational Pensions Authority (EIOPA) has published proposed technical advice on how the European Commission should protect consumers when implementing the new Insurance Distribution Directive (IDD). 06 Jul 2016
FOCUS: The longer-term nature of investment in infrastructure and energy projects could keep investment levels higher than in other sectors, and may even bring new opportunities. 05 Jul 2016
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