Insurance Update – January 2024

This newsletter is produced by Linklaters’ insurance lawyers and is intended to keep you up to date with current issues in international insurance law, regulation and practice. Please click here to view the edition. The following topics are covered: 

• EU Solvency II and IRRD: Negotiators reach political agreement
• EU: Political agreement reached on the CSDDD
• EIOPA consultation on prudential treatment of sustainability risks
• EU: EIOPA consultation on anti-greenwashing opinion for insurance and pension sectors
• EIOPA methodology for setting value for money benchmarks
• EIOPA study on non-life underwriting risk in internal models
• ESAs release second batch of DORA level 2 standards
• UK Solvency II reform: Another milestone reached
• UK PRA statement on Solvency II review
• UK PRA warns on optimism about expected underwriting profit in internal models of GI firms
• A new UK retail disclosure framework is coming
• UK FCA finalises plan to move IDD level 2 measures to its Handbook
• UK: FCA SDR investment labels and anti-greenwashing policy – what it means for insurance and pension providers
• UK PRA and FCA consult on updates to guidance on the prudential assessment of acquisitions and increases in control
• UK financial regulators draft rules for critical service providers
• UK-Swiss agreement on financial services
• Considering the insurer covenant as part of a buy-out
• IAIS finalises issues paper on policyholder protection schemes
• IAIS second consultation on climate risk
• IAIS update on artificial intelligence and machine learning
• Linklaters Knowledge Portal – a smarter way to access the information you need
• Recent deals