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The European Council has backed a proposal to delay the introduction of new laws on the distribution of insurance products until October 2018. 20 Feb 2018
The European Commission is set to step back from introducing a raft of new laws to account for changes in the financial technology (fintech) market, according to a leaked document. 08 Feb 2018
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.
Financial firms should consider requiring customers to provide proof of identity from documentation containing "high security features or biometric data", such as passports, to ensure that digital-only 'on boarding' processes comply with anti-money laundering... 24 Jan 2018
ANALYSIS: Whilst EIOPA has reminded regulators and insurance firms not to rely on future trade agreements in their Brexit contingency plans, HM Treasury and the PRA have suggested potential interim measures for service continuity. 09 Jan 2018
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