In December 2023, the Financial Conduct Authority (FCA) carried out a review of the most recent board and/or committee reporting from 20 larger insurance firms (including general and life insurers, insurance intermediaries...more
A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next few months. Coming up in May and June. MONTH DATE DETAILS MAY 31 ESG: all authorised firms need to comply with the...more
A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next few months.
Coming up in March, April and May. MARCH 5 Non-financial misconduct: Lloyd’s Managing Agents &...more
On 11 January 2024, the Prudential Regulation Authority (PRA) published its annual Dear CEO letter setting out its priorities for the supervision of (re)insurers in 2024. Similar to last year, financial and operational...more
A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next few months....more
A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next few months. MONTH DATE DETAILS OCTOBER 9 Insurance Distribution Directive (UK)...more
The provisions of the Insurance Distribution Directive (IDD) were implemented in the UK in 2018 through changes to the rules in the FCA Handbook. Supplemental requirements were contained in various delegated regulations (the...more
A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next few months. JULY 7 Definition of “insurance holding company”...more
A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next couple of months....more
On 10 January 2023, the Prudential Regulation Authority (PRA) published a Dear CEO letter setting out its priorities for the supervision of (re)insurers in 2023. Financial and operational resilience remain key areas of focus...more
A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next couple of months....more
A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next couple of months. NOVEMBER 2022 Financial Services Regulatory Grid: Financial Services Regulatory Initiatives...more
A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next couple of months. Month Date Expected development September 2022 Financial Services and Markets Bill: PRA is due...more
Yesterday (28 April 2022), HM Treasury published its much-anticipated consultation paper on its proposals to reform aspects of the UK’s Solvency II regime. At the same time, the Prudential Regulation Authority (PRA)...more
The FCA has recently published its latest supervisory portfolio letter (dated 28 September 2021) and addressed to the Boards of Lloyd’s and London Market insurers (LLM insurers). The letter gives an updated overview of what...more
The FCA has written to the Boards of personal and commercial line (PL&CL) insurers to give an updated overview of what the FCA considers are the key risks of harm PL&CL insurers pose to their customers and the markets in...more
In December 2018, the Financial Conduct Authority (FCA) wrote to the boards of life insurance companies setting out the FCA’s view of the key risks of harm life insurance companies pose to their customers and the markets in...more
The global pandemic brought a wave of changes and developments that have impacted, and continue to impact, the insurance sector. As we look ahead, we see further change on the horizon.
Around the world, we continue to...more
7/13/2021
/ Acquisitions ,
Business Interruption ,
Coronavirus/COVID-19 ,
Corporate Governance ,
Environmental Social & Governance (ESG) ,
Germany ,
Insurance Industry ,
Insurtech ,
Mergers ,
Reinsurance ,
Sanctions ,
UK
On 5 June 2019, the Treasury Committee launched an inquiry into the decarbonisation of the UK economy and green finance which will look at the role of the UK regulators and financial services firms in supporting the...more
6/6/2019
/ Capital Markets ,
Climate Change ,
Comment Period ,
Environmental Social & Governance (ESG) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
Green Finance ,
HM Treasury ,
Insurance Industry ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
UK ,
Working Groups
The Hogan Lovells’ Corporate Insurance Newsletter for September has been published. This provides a round-up of UK, EU and international regulatory developments relevant to UK based insurance market participants.
...more
10/5/2018
/ Data Protection ,
EIOPA ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Insurance Claims ,
Insurance Industry ,
Insurance Regulations ,
Intermediaries ,
Prudential Regulation Authority (PRA) ,
Solvency II ,
Supervisory Highlights ,
UK Brexit
The Hogan Lovells’ Corporate Insurance Newsletter for July has been published. This provides a round-up of UK, EU and international regulatory developments relevant to UK based insurance market participants.
...more
8/16/2018
/ Big Data ,
Commercial General Liability Policies ,
Consumer Protection Laws ,
Duty of Care ,
EIOPA ,
Financial Conduct Authority (FCA) ,
IAIS ,
Insurance Industry ,
Mortgages ,
Prudential Regulation Authority (PRA) ,
Regulatory Oversight ,
Regulatory Requirements ,
Solvency II ,
UK ,
UK Brexit
The Hogan Lovells’ Corporate Insurance Newsletter for March has been published. This provides a round-up of UK, EU and international regulatory developments relevant to UK based insurance market participants.
...more
4/19/2018
/ Consumer Insurance Products ,
EIOPA ,
Financial Conduct Authority (FCA) ,
General Data Protection Regulation (GDPR) ,
Implementing Technical Standards (ITS) ,
Insurance Industry ,
Life Insurance ,
Pensions ,
Prudential Regulation Authority (PRA) ,
Regulatory Oversight ,
UK ,
UK Brexit
The Hogan Lovells’ Corporate Insurance Newsletter for February has been published. This provides a round-up of UK, EU and international regulatory developments relevant to UK based insurance market participants.
...more
The Hogan Lovells’ Corporate Insurance Newsletter for January has been published. This provides a round-up of UK, EU and international regulatory developments relevant to UK based insurance market participants.
...more
The Hogan Lovells’ Corporate Insurance Newsletter for December has been published. This provides a round-up of UK, EU and international regulatory developments relevant to UK based insurance market participants.
...more
1/2/2018
/ EIOPA ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Financial Solvency ,
Individual Accountability ,
Insurance Industry ,
Prudential Regulation Authority (PRA) ,
Regulatory Oversight ,
Senior Managers ,
UK ,
UK Brexit