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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
ANALYSIS: Banks and insurers could be exposed to the same type of risks that have emerged from the payment protection insurance (PPI) scandal because of the way 'personal contract purchases' (PCPs) are sold to car buyers. 19 Feb 2018
Part VII of the 2000 Financial Services and Markets Act (FSMA) sets out the statutory mechanism allowing insurers and reinsurers to transfer portfolios of insurance business from one entity to another, subject to court approval.
On 1 April 2015, UK financial regulators the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) gained new competition law powers, which they can exercise concurrently with the Competition and Markets Authority (CMA).
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.
Retailers are expected to protect anyone who enters their premises from harm, by removing or controlling risks to employees, volunteers, contractors or members of the public.
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...
EU laws on the distribution of insurance products will not be applied in the UK until there is more clarity on the final deadline for their implementation, the UK government has said. 06 Feb 2018
The UK would be expected to apply EU law "as if it were a member state" during any post-Brexit transition period, EU leaders have said. 31 Jan 2018
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