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Insurance regulation should be framed in such a way that they support digital processes and technology-driven solutions, an umbrella organisation for insurance industry trade bodies across Europe has said. 09 Feb 2017
The European Insurance and Occupational Pensions Authority (EIOPA) stressed the importance of consumer protection as it published final technical advice on possible delegated acts concerning the Insurance Distribution Directive (IDD). 03 Feb 2017
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...
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.
The Financial Conduct Authority (FCA) has published its first set of data on insurers' claim rates and average payouts, designed to encourage firms to improve the value of their products. 26 Jan 2017
FOCUS: With retail investors increasingly using online platforms and fund supermarkets to buy investment products, obtain robo-advice and access asset management services, platforms have become a significant part of the investments market. 26 Jan 2017
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