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Regulatory Oversight Consumer Insurance Products Insurance Regulations

Troutman Pepper Locke

Delaware Insurance Commissioner Navarro Issues Bulletin No. 148 Re: Use of Artificial Intelligence Systems in Insurance

Troutman Pepper Locke on

On February 5, Delaware joined 21 jurisdictions who adopted guidance similar to the NAIC Model Bulletin on the Use of Artificial Intelligence (AI) Systems by Insurers in 2024, and four additional jurisdictions have otherwise...more

Hogan Lovells

Italy: IVASS consults to introduce new annual reporting obligation for non-life insurance companies

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On 28 January 2022, IVASS launched a public consultation on a draft regulation providing rules related to the obligation to communicate to IVASS data and information on non-life premiums collected in Italy by insurance...more

Hogan Lovells

Changes in insurance regulation: Mainland China / Hong Kong / Singapore / Indonesia / Vietnam

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On 12 January 2021, the China Banking and Insurance Regulatory Commission (CBIRC) issued the Regulating the Informatization Work of Insurance Intermediaries Measures (Insurance Intermediaries Measures), which took effect on 1...more

Conyers

Conyers Coverage – Cayman Islands – Issue 5

Conyers on

A very warm welcome to our fifth issue of Conyers Coverage. This issue is a roundup of recent legal and regulatory measures affecting the insurance industry. Among a number of items, Rob has prepared an update on Cayman’s...more

Hogan Lovells

Changes in insurance regulation: Mainland China/Hong Kong/Singapore/Indonesia

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The tracker covers a range of developments across the region, including steps taken by the Chinese authorities to decentralise regulations in the insurance sector, a new amendment bill passed by the Hong Kong Legislative...more

Hogan Lovells

The Sustainable Insurance Forum (SIF) has published its half-yearly update report

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The SIF update reports on the work undertaken by SIF and its members during January to June 2020. The report includes individual updates from 14 member regulators on recent sustainable insurance initiatives and activities,...more

Kramer Levin Naftalis & Frankel LLP

NY DFS Regulations Allow Superintendent to be Group-Wide Supervisor

On June 3, amendments to New York insurance regulations, available here, became effective that will permit the New York Superintendent of Financial Services to act as group-wide supervisor of internationally active insurance...more

Carlton Fields

Out of the Gate Fast

Carlton Fields on

Arizona jumped out front of the pack with the introduction of Senate Bill No. 1557, titled "Annuity Transactions; Requirements," which would amend Arizona's suitability requirements for annuity transactions. Senate Bill No....more

Hogan Lovells

Changes in insurance regulation: China / Hong Kong / Singapore / Indonesia / Vietnam - January - June 2019

Hogan Lovells on

The tracker covers a range of developments including the Hong Kong Insurance Authority’s newly issued Guideline on Qualifying Deferred Annuity Policy, the Monetary Authority of Singapore’s Guidance to Capital Markets...more

Hogan Lovells

Italy – Newsflash: Latest News for the Insurance Sector

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1. IVASS monitoring KIDs of insurance-based investment products (IBIPs) - On 10 July, IVASS launched a preliminary public consultation which could possibly be followed by a tendering procedure for the selection of a...more

Hogan Lovells

Brexit planning: The UK enters into agreements with the U.S. and Switzerland to replicate existing agreements

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On 18 December 2018 the UK and the U.S. signed an agreement on the prudential supervision of insurance and reinsurance companies. Shortly thereafter, on 25 January 2019, HM Treasury announced that it had signed an agreement...more

Kramer Levin Naftalis & Frankel LLP

US, UK Enter Into ‘Covered Agreement’ on Reciprocity in Insurance Regulation

On Dec. 18, 2018, the Trump Administration signed a bilateral agreement on prudential insurance matters between the United States and the United Kingdom (the U.S.-U.K. Covered Agreement)....more

Hogan Lovells

The new policyholder protection rules - Alert 10

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In respect of the implementation and compliance with the next tranche of rules that must be complied with by 15 June 2019, remember that the PPRs apply to natural persons and juristic persons whose asset value or annual...more

Hogan Lovells

The new policyholder protection rules - Alert 9

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The notice for the new long-term and short-term PPRs was published on 15 December 2017 in the Government Gazette. Remember that the PPRs apply to natural persons and juristic persons whose asset value or annual turnover is...more

Hogan Lovells

Italy: IVASS secondary level provisions implementing the Insurance Distribution Directive (“IDD”)

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On 8 June IVASS launched three public consultations on its draft regulations providing for secondary level legislation regarding insurance and reinsurance distribution, pre-contractual transparency requirements to be met in...more

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