Earlier this year, a dedicated policy prepared by the European Central Bank (ECB) came into effect requiring bank management bodies to broaden their collective understanding of and proficiency in identifying and dealing with...more
As discussed in our previous updates, in June 2020 the UK government announced a wide-ranging review of the Solvency II framework in the UK, aimed at reforming the insurance regulatory framework inherited from the EU given...more
3/14/2024
/ Disclosure Requirements ,
EU ,
Final Rules ,
Financial Services and Markets Act ,
Insurance Industry ,
Jurisdictional Thresholds ,
Prudential Regulation Authority (PRA) ,
Reinsurance ,
Reporting Requirements ,
Solvency II ,
UK ,
Underwriting
The primary function of an insurer is the assumption and management of insurance risk. Very commonly, this will involve an insurer passing (or ceding) risk to other (re)insurers or protection providers in the relevant market....more