Building guarantee policies: PRA PS21/20 on extending policyholder protection -
The UK Prudential Regulation Authority (PRA) has published a policy statement, PS21/20, which contains a rule change to increase protection...more
10/20/2020
/ Consumer Insurance Products ,
Coronavirus/COVID-19 ,
EIOPA ,
IAIS ,
Infectious Diseases ,
Insurance Regulations ,
Lloyds of London ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Solvency II ,
UK
COVID-19: FCA updates webpage on BI insurance test case -
The UK Financial Conduct Authority (FCA) has updated its webpage on its business interruption (BI) insurance test case, publishing a draft transcript of the...more
10/13/2020
/ Business Interruption ,
Commercial General Liability Policies ,
Coronavirus/COVID-19 ,
EIOPA ,
Financial Conduct Authority (FCA) ,
Infectious Diseases ,
Insurance Claims ,
Insurance Regulations ,
ORSA ,
Policy Terms ,
Solvency II ,
Travel Insurance ,
UK
COVID-19: FCA Dear CEO letter and consequentials hearing for BII test case -
On 18 September 2020, the UK Financial Conduct Authority (FCA) published a Dear CEO letter setting out its expectations of insurers (including...more
COVID-19: business interruption insurance test case judgment due on 15 September 2020 -
On 9 September 2020, the UK Financial Conduct Authority (FCA) updated its webpage on the High Court business interruption insurance...more
9/15/2020
/ Business Interruption ,
Commercial Insurance Policies ,
Consumer Insurance Products ,
Coronavirus/COVID-19 ,
Critical Infrastructure Sectors ,
Financial Conduct Authority (FCA) ,
IAIS ,
Infectious Diseases ,
Insurance Regulations ,
Investment ,
UK
COVID-19: final transcripts of FCA business interruption insurance test case -
On 18 August 2020, the FCA updated its webpage on the High Court business interruption insurance test case to link to the final transcripts for...more
COVID-19: IAIS extends deadline for consultation on impact of COVID-19 -
On 12 August 2020, the International Association of Insurance Supervisors (IAIS) updated its current consultations webpage to announce an extension...more
COVID-19: FCA statement on non-damage BI settlements and deductions relating to government support -
The UK Financial Conduct Authority (FCA) has published a statement on non-damage business insurance (BI) settlements and...more
COVID-19: IAIS consults on the impact for the insurance sector.
The UK Prudential Regulation Authority (PRA) has published a consultation paper, CP11/20, setting out its expectations and guidance relating to auditors' work...more
COVID-19: FCA updates on business interruption insurance test case -
The UK Financial Conduct Authority (FCA) has published a number of updates to its webpage on the High Court test case concerning business interruption...more
COVID-19: FCA update on business interruption insurance test case -
On 13 and 15 July 2020, the UK Financial Conduct Authority (FCA) updated its webpage on the High Court test case concerning business interruption...more
COVID-19: PRA statement to insurers on application of matching adjustment -
On 7 July 2020, the UK Prudential Regulation Authority (PRA) published a statement to insurers on the application of the matching adjustment (MA)...more
Recent regulatory developments of interest to insurers and their intermediaries. Includes FCA update on the COVID-19 BI insurance test case and EIOPA discussion paper on methodological principles of insurance stress testing. ...more
Insurance stress test 2019 and COVID-19 stress testing: FCA feedback -
The UK Prudential Regulation Authority (PRA) has published a Dear CEO letter giving feedback to general and life insurers that participated in the 2019...more
Recent regulatory developments of interest to insurers and their intermediaries. Includes FCA update on COVID-19 business interruption insurance test case and EIOPA discussion paper on insurance value chain and new business...more
COVID-19: FCA FS20/7 and final guidance on assessing value of insurance products -
Following consultation, on 3 June 2020, the UK Financial Conduct Authority (FCA) published a feedback statement, FS20/7, and final guidance...more
COVID-19: PRA statement on decision by insurance companies to pause dividends -
On 8 April 2020, the Prudential Regulation Authority (PRA) published a statement welcoming the prudent decision of some insurance firms to...more
COVID-19: PRA Dear CEO letter to UK insurers about distribution of profits -
On 31 March 2020, the Prudential Regulation Authority (PRA) published a Dear CEO letter from Sam Woods, Bank of England (BoE) Deputy Governor...more
COVID-19: PRA statement on regulatory reporting amendments -
On 23 March 2020, the Prudential Regulation Authority (PRA) published a statement on COVID-19 regulatory reporting amendments for UK insurers. The PRA outlines...more