Insurance Update – September 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: 

• EIOPA speech on reinsurance 
• EU: ELTIF 2.0 in light of Solvency II review
• EIOPA consultation on new proportionality regime under Solvency II  
• EIOPA consults on capital treatment of direct exposure to CCPs 
• EU: Second batch of DORA Level 2 rules finalised
• EU CSDDD explained: How the CSDDD applies to the financial sector     
• UK PRA sharpens focus on funded reinsurance     
• UK PRA provides details of 2025 stress tests   
• UK Solvency II reform: PRA update on existing Solvency II rule waivers and modifications
• UK FCA discussion paper on regulation of commercial and bespoke insurance business     
• FCA raises product governance concerns and publishes GI value data and insights on value assessments  
• FCA announces market study on distribution of pure protection products     
• UK FCA sets out good practice and areas for improvement for appointed representatives
• UK plots post-PRIIPs policy
• UK FRC assesses reporting against new insurance standard 
• IAIS consults on operational resilience objectives     
• IAIS fourth consultation on climate risk
• Recent deals