Insurance Update - July 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.

• Further consultations as IAIS targets adoption of revised ICPs and ComFrame at November 2019 AGM

• Changes to Solvency II Delegated Regulation finalised
• European Commission asks for further analysis of Solvency II rules on group supervision and capital management
• EIOPA consults on sustainability within Solvency II
• EIOPA consultation on guidelines on outsourcing to cloud service providers
• Reporting of securities financing transactions: an update for insurance companies
• UK PRA “Dear CEO” letter to Chief Actuaries of life insurers
• Bank of England speech on use of internal models
• UK PRA consults on update to TMTP supervisory statement
• UK – Framework for assessing financial impacts of physical climate change
• Hong Kong – Insurance Authority confirms start date as 23 September 2019
• Recent deals