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Changes to the way in which global insurers will be required to account for their profits and liabilities will have particular consequences for life insurers, an expert has warned. 23 May 2017
New guidance from the UK's Financial Conduct Authority (FCA) will greatly assist insurers and professional advisers when preparing insurance business transfer schemes under Part VII of the Financial Services and Markets Act (FSMA), an expert has said. 19 May 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.
London's "long-term competitiveness" as a global hub for insurance business remains under pressure, particularly from emerging markets such as Asia and Latin America, according to a new report. 10 May 2017
The speed at which UK financial firms are making plans to move some staff or part of their operations to mainland Europe ahead of the UK's departure from the EU is increasing, according to analysis by EY. 10 May 2017
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