This month's roundup of developments affecting the insurance industry sees the ABI issue an EU legislation mapping document which identifies over 80 pieces of legislation of relevance in the context of Brexit and the FCA publish a feedback statement on smarter consumer communications.


Download the issue in full

Brexit

  • Brexit priorities from ABI
  • Brexit EU legislation mapping from ABI

General Update

  • ABI responds to EFRA report on flooding
  • ABI on price of motor insurance
  • BIBA sets out demands ahead of the Autumn Statement
  • EIOPA Work programme for 2017
  • US/EU negotiations on bilateral insurance and reinsurance agreement

Data Protection

  • Chancellor outlines Britain's cyber security plan
  • Law change to give ICO more power to combat nuisance calls
  • ICO releases updated code of practice for privacy notices

New Legislation

  • LMA and IUA update guide to Insurance Act 2015
  • FCA feedback statement on smarter consumer communications
  • PRIIPS Regulation postponement requested by trade associations
  • Insurance Europe highlights concerns with IDD delegated acts
  • Responses to IAIS consultation on capital standards

Regulatory Developments

  • PRA supervisory statement - reporting instructions for non-Solvency II firms

Solvency II

  • PRA consultation on Solvency II group supervision supervisory statement
  • PRA consultation on reporting of national specific templates under Solvency II
  • Modification by consent of Solvency II reporting rules for national specific templates
  • PRA supervisory statement for firms with approved internal model
  • EIOPA proposed timetable on review of Solvency II Delegated Regulation
  • EC Implementing Regulation published in OJ

Key contacts

Brian McDonnell

Brian McDonnell

Partner, Financial Regulation
London

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Richard Wise

Richard Wise

Partner, Head of Insurance Disputes
London

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