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IAIS Insurance Regulations

Skadden, Arps, Slate, Meagher & Flom LLP

The Standard Formula: Encyclopaedia of Prudential Solvency – Chapter 1: The IAIS and the ICS

Established in 1994, the International Association of Insurance Supervisors (IAIS) is a voluntary membership organisation comprising insurance regulatory authorities, central banks, ministries of finance, and other...more

Herbert Smith Freehills Kramer

IAIS Releases Comparability Criteria between Aggregation Method and Insurance Capital Standard

On March 9, the International Association of Insurance Supervisors (IAIS) announced the criteria, available here, that will be used to assess whether the Aggregation Method, or AM, provides comparable outcomes to the...more

Herbert Smith Freehills Kramer

IAIS Announces Key Next Steps on Capital Standards

Internationally active insurance groups (IAIGs) will want to consider the implications of recent guidance from international insurance regulators on capital standards. These standards mandate the relevant amounts of capital...more

Herbert Smith Freehills Kramer

NAIC Exposes Key ComFrame-Motivated Changes

Internationally active insurance groups (IAIGs) with U.S. domestic insurers should be alert to key changes in regulatory oversight being considered by the National Association of Insurance Commissioners (NAIC). These changes...more

Hogan Lovells

Insurance regulatory news, May 2021 # 2

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Civil Liability Act 2018 (Financial Conduct Authority) (Whiplash) Regulations 2021 - The Civil Liability Act 2018 (Financial Conduct Authority) (Whiplash) Regulations 2021 (SI 2021/594) have been published, together with an...more

Conyers

BMA Proposes Internationally Active Insurance Group Concept for Bermuda

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In December 2020, as part of its review to update Bermuda’s commercial insurance regime, the Bermuda Monetary Authority (BMA) issued a consultation paper proposing the introduction of an Internationally Active Insurance Group...more

Hogan Lovells

Insurance regulatory news, March 2021 # 5

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Settling RTA whiplash-related injuries without a medical report - The Civil Liability (Specification of Authorised Persons) Regulations 2021 (SI 2021/326) have been published, together with an explanatory memorandum. The...more

McDermott Will & Emery

The Future of Climate Change Risk Regulation for Insurers in America?

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In the few short weeks since our last report on climate change and the US insurance industry, the volume of climate change news has been extraordinarily high. The range of developments has been broad to say the very...more

Hogan Lovells

Insurance regulatory news, March 2021

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IAIS 2021-22 roadmap - The International Association of Insurance Supervisors (IAIS) has published its roadmap for 2021-22. In the roadmap, the IAIS sets out details of its anticipated projects and activities for 2021-22,...more

Hogan Lovells

Insurance regulatory news, February 2021

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COVID-19: FCA Dear CEO letter on BI insurance test case and outcome table - On 22 and 29 January 2021, the FCA updated its webpage on its business interruption (BI) insurance test case. The FCA has published ...more

Hogan Lovells

Insurance regulatory news, January 2021

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Solvency II: PRA CP1/21 on deep, liquid and transparent assessments, and GBP transition to SONIA - The UK Prudential Regulation Authority (PRA) has published a consultation paper, CP1/21, on deep, liquid and transparent (DLT)...more

Hogan Lovells

Insurance regulatory news, December 2020 # 2

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Part VII FSMA insurance business transfers: Court of Appeal decision - Several important issues were raised in relation to Part VII transfers in the recent hearing before the Court of Appeal relating to the proposed...more

Hogan Lovells

Insurance regulatory news, November 2020 # 2

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COVID-19: FCA update on business interruption insurance test case - On 11 November 2020, the UK Financial Conduct Authority (FCA) updated the webpage on its business interruption insurance test case. ...more

Hogan Lovells

Insurance regulatory news, October 2020 # 3

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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

Hogan Lovells

Insurance regulatory news, September 2020 # 2

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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

Hogan Lovells

Insurance regulatory news, August 2020 #3

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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

Hogan Lovells

Insurance regulatory news, August 2020

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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

Hogan Lovells

Insurance regulatory news, July 2020 #2

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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

Hogan Lovells

Insurance regulatory news, June 2020

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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

Hogan Lovells

Insurance regulatory news, March 2020 #2

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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

Hogan Lovells

Corporate Insurance Newsletter – February 2020

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Dormant assets scheme: HM Treasury and DCMS consult on expansion - HM Treasury and the Department for Digital, Culture, Media and Sport (DCMS) jointly published on 21 February 2020, a consultation paper on expanding the...more

Hogan Lovells

Corporate Insurance Newsletter – December 2019

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The Hogan Lovells’ Corporate Insurance Newsletter for December 2019 has been published. This provides a round-up of UK, EU and international regulatory developments relevant to UK based insurance market participants. ...more

Hogan Lovells

Corporate Insurance Newsletter – November 2019

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The Hogan Lovells’ Corporate Insurance Newsletter for November has been published. This provides a round-up of UK, EU and international regulatory developments relevant to UK based insurance market participants. ...more

Herbert Smith Freehills Kramer

NAIC, Industry Wrangle Over Key Aspects of Insurer Capital, Solvency Regulation

Insurance carriers will find the following topics, recently discussed at the National Association of Insurance Commissioners (NAIC), relevant to capital management, financial risk, solvency and similar “prudential” issues,...more

Hogan Lovells

Corporate Insurance Newsletter – September 2019

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The Hogan Lovells’ Corporate Insurance Newsletter for September has been published. This provides a round-up of UK, EU and international regulatory developments relevant to UK based insurance market participants. ...more

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