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Two sets of regulations that will create a framework for issuing, regulating and taxing insurance linked securities (ILS) in the UK have been approved by a committee of MPs. 05 Dec 2017
ANALYSIS: The introduction of a new robust reinsurance framework in the UAE would be a major step towards growing the local market, but it may not convince international reinsurers to move away from the current practice of spreading risk through other international... 04 Dec 2017
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...
Italian life insurer Intesa Sanpaolo Life dac (Intesa) has been fined €1 million by the Irish insurance regulator for anti-money laundering and terrorist financing compliance failures. 30 Nov 2017
The European Insurance and Occupational Pensions Authority (EIOPA) has warned UK financial firms that they should not rely on leniency from local regulators in the EU if the UK exits the trading bloc without a deal on the cross-border provision of financial... 28 Nov 2017
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