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The launch of a 'world first' marine insurance blockchain platform shows that the insurance industry is moving the technology "from hype into reality", an expert has said. 15 Jun 2018
Potential economic losses from climate change and extreme weather events will continue to grow in the world's largest cities, which are already facing an estimated annual average loss of $123 billion, according to a new report. 12 Jun 2018
The Senior Managers and Certification Regime (SMCR), which is designed to make individuals at financial firms more accountable, will apply to insurers from 10 December 2018.
This guide was updated in December2017
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...
The UK government has introduced new legislation which will enable the government-backed terrorism reinsurer to extend its business interruption cover beyond property damage. 11 Jun 2018
The High Court was entitled to make a third-party costs order against the insurer involved in a group litigation, which required the insurer to cover the costs of all cases covered by the group litigation order (GLO) and not just those within the scope of... 07 Jun 2018
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