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Insurance Outlook 2024 In this briefing we look ahead to some of the key themes likely to affect the insurance sector in 2024.
Insurance Newsletter - November 2023 In this newsletter we discuss: the Consumer Duty in practice, FCA insurance market priorities and themes from our best friends seminar.
Funded Reinsurance - PRA Consultation On 16 November the PRA published a consultation (CP24/23) on a new supervisory statement setting out the PRA’s expectations in respect of life insurance firms entering into or holding funded reinsurance arrangements as cedants.
Solvency UK - Reforms to the matching adjustment On 28 September the PRA published a consultation (CP19/23) on proposed reforms to the matching adjustment (MA). These follow on from the publications in June of draft statutory instruments by HMT and a PRA consultation on other aspects of Solvency II...
The International Comparative Legal Guide to Fintech 2023 Fintech Partners James Cook and Rob Sumroy and Professional Support Lawyers Natalie Donovan, Selmin Hakki, Emily Bradley, Cindy Knott, Clare Fletcher and Richard Barker provide corporate counsel and international practitioners with an overview of the UK...
The International Comparative Legal Guide to Fintech 2023 - Hong Kong Chapter Partner Vincent Chan provides corporate counsel and international practitioners with an overview of the Hong Kong legal and regulatory landscape for fintech.   
The PRA consults on Solvency II reform On 29 June the PRA published the first in a series of consultations (CP12/23) setting out details of its proposed implementation of “Solvency UK”. As highlighted in the Treasury announcement accompanying its recent draft statutory instruments,...
IAIS consultation on the Insurance Capital Standard In June 2023, the IAIS launched its final public consultation on the global Insurance Capital Standard (“ICS”) before its proposed adoption as a prescribed capital requirement for Internationally Active Insurance Groups (“IAIGs”)...
Insurance briefing HM Treasury has published two draft statutory instruments which will allow it to implement reforms to the risk margin and the matching adjustment ahead of other proposed reforms to UK Solvency II.
Insurance Newsletter - June 2023 In this newsletter we discuss: the bulk annuity market, the introduction of the Consumer Duty, cyber risk for insurers, and ongoing COVID-19 business interruption cases.
Insurance Outlook 2023 In this briefing we look ahead to expected legal and regulatory developments affecting the insurance industry during 2023. This includes prudential regulatory reform, changes to insurer insolvency rules, a new retail disclosure regime, the introduction of...
Solvency UK - Results of the Solvency II Review In this briefing note we discuss the results of HM Treasury's review of UK Solvency II, including key changes to the risk margin and the matching adjustment to release capital held by insurers and facilitate investment in long-term productive assets.
Insurance Newsletter - July 2022 In this newsletter we discuss: Regulatory reform and the insurance sector, Meeting customer needs – policy exclusions and target markets, Update on the EU review of the Solvency II Directive, and Trends in transactions.
HM Treasury consultation on its Review of Solvency II HM Treasury has published its long-awaited consultation on its review of Solvency II. This follows the publication of a call for evidence in October 2020 and a response document in July 2021.
Reforms to UK Solvency II - next steps HM Treasury has announced its next steps in the upcoming reform of UK Solvency II.  In a speech at the ABI annual dinner, economic secretary to the Treasury John Glen outlined some of the topics which will be included in HMT’s forthcoming...