This month's roundup of developments affecting the insurance industry sees the FCA publishing further data from its general insurance value measures pilot.
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General Update
- FCA's general insurance value measures data – year ending 31 August 2017
- Resolution on bilateral agreement on insurance and reinsurance prudential measures adopted by European Parliament
- Position paper makes suggestions to reform EIOPA governing structure
- IE feedback raises concerns about EIOPA reporting and disclosure ITS
- LMA consumer wordings guidance v4.0
- LMA guidance on GDPR information notice
- IAIS consultation on draft application paper on use of digital technology in inclusive insurance
- EIOPA decision on annual market and credit risk modelling comparative study
- Insurance Europe responds to IAIS consultation on revisions to ICP 15 and 16
- Proposed trade framework could see insurers expand operations to new countries
- PRA policy statement on SIMR optimisations
- EIOPA paper on systemic risk and macro prudential policy in insurance sector
- PRA publishes letter on general insurance actuarial function reports
- HM Treasury statement about extension of SM&CR to insurer
Insurance Distribution Directive
- LMA guidance for UK coverholders on IDD
- IFCA responses to AFM questions on impact of IDD
- EIOPA consults on draft RTS adapting base euro amounts for PII and financial capacity of intermediaries under IDD
- IDD delay
Solvency II
- BoE speech on looking out for the policyholder and Solvency II reform
- PRA final response to Treasury Committee report on Solvency II
- Implementing Regulation on technical information for calculation of technical provisions and basic own funds for Q1 2018 reporting under Solvency II
