Insurance Update – July 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: 

• IAIS looks ahead to implementation of Insurance Capital Standard
• IAIS consults on application paper on how to achieve fair treatment for diverse consumers  
• EU Retail Investment Strategy reaches milestone, ready for trilogues  
• European Commission adopts implementing regulation updating mapping of credit assessments under Solvency II  
• EIOPA looks to enhance cross-border supervisory cooperation when (re)insurers relocate within the EU  
• EIOPA opinion on supervision of captives  
• EIOPA final report and opinion on greenwashing in the financial sector  
• EU: ESAs’ recommendations on Sustainable Finance Disclosure Regulation  
• UK Solvency II reform: PRA finalises policy on matching adjustment  
• UK Solvency II reform: Regulations to make various technical changes published in draft form  
• UK PRA updates approach to third-country insurance branches  
• Welcome UK FCA guidance on monitoring under the consumer duty  
• UK FCA allows four GAP insurance providers to resume sales  
• UK FCA sets out challenges and expectations for overseas appointed representatives  
• India: IRDAI issues various master circulars  
• Recent deals