Insurance Update – May 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: 

• PRA final consultation on UK Solvency II reform 
• Reform to UK matching adjustment rules: new regulations to ensure continuity of existing approvals 
• UK FCA “Dear CEO” letters re implementing the consumer duty for closed products and services
• EIOPA finalises supervisory statement on third-country reinsurance
• EIOPA peer review on supervision of prudent person principle 
• EIOPA reassesses treatment of natural catastrophe risk in the standard formula 
• IAIS consults on changes to supervisory material 
• India: IRDAI finalises various regulations 
• Recent deals