Insurance Update - September 2019

The following topics are covered in this issue. To see the articles, please log on to our Knowledge Portal or contact your usual Linklaters’ contact.

  • IAIS paper on use of big data analytics in insurance
  • EIOPA consults on proposals for harmonisation of national insurance guarantee schemes
  • EIOPA publishes consultation package on supervisory reporting and public disclosure
  • EIOPA consultation on draft opinion on supervision of remuneration principles
  • Indian insurance regulator issues a “regulatory sandbox” framework to promote innovation in the insurance sector
  • India allows 100% foreign direct investment in insurance intermediaries
  • Hong Kong: Insurance Authority codes of conduct and HKMA guidance finalised in advance of new licensing regime for insurance intermediaries
  • Stricter BaFin requirements for subordinated capital in the German life insurance sector
  • UK PRA consultation on group availability of subordinated liabilities and preference shares
  • UK PRA letter re Solvency II remuneration requirements
  • PRA updates ISPV materials in light of experience gained of UK ILS regime
  • UK PRA letter to life insurers on best practice in proxy modelling
  • UK FCA proposes new rules to help consumers with pre-existing medical conditions access suitable travel insurance
  • Brexit: Draft Financial Services (Miscellaneous) (Amendment) (EU Exit) (No. 3) Regulations 2019
  • Brexit: The Risk Transformation and Solvency 2 (Amendment) (EU Exit) Regulations 2019