Insurance Update - September 2023

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: 

• UK resolution regime for insurers: government response to consultation
• PRA finalises new rules on dealing with insurers in financial difficulties
• UK PRA updates approach document
• UK FCA highlights concerns as it publishes GI value data
• UK FCA sets out priorities for 2023 to 2025
• UK FCA opens consultation to move IDD level 2 measures for insurance firms into its Handbook
• UK: Draft regulations made specifying “structural assets” of an insurance company’s long term business
• UK: The Consumer Duty and closed products – maintaining your momentum
• UK: Financial services regulators publish consultation papers to boost diversity and inclusion
• EU Commission solicits views on how to improve SFDR
• European Supervisory Authorities open the door on DORA level 2 measures
• Hong Kong: Key changes introduced by the Insurance (Amendment) Ordinance 2023
• Indonesia: Developments in syariah insurance spin-off requirement
• Recent deals