European Regulation and Standards
122 whitepapers and resources
European Regulation and Standards
Reporting requirements for non-Solvency II insurance firms
This PRA Policy Statement provides feedback to responses to Consultation Paper 18/16 ‘Reporting requirements for non-Solvency II insurance firms’. It sets out final rules for the new reporting requirements that apply to insurance firms that are outside the scope of Solvency II.
Solvency II: Monitoring model drift and standard formula SCR reporting for firms with an approved internal model
In this consultation paper, the Prudential Regulation Authority (PRA) proposes a supervisory statement setting out the PRA’s approach to monitoring model drift and expectations on firms with an approved internal model for the reporting formula Solvency Capital Requirement (SCR).
FOIL Update on Brexit after the referendum
The political ramifications of the Brexit vote still have a long way to run, and the commercial and financial consequences will not be known for some time. But what happens now? FOIL’s Update highlights the insurance industry’s initial response and the UK’s position following the referendum vote.
Lloyd’s cyber-attack strategy
This paper focuses on insurance losses arising from malicious electronic acts, referred to throughout as “cyber-attack”. The paper sheds light on the growing frequency and severity of attacks, Lloyd’s cyber-attack strategy and next steps – including the development of cyber-attack scenarios.
Brexit or Bremain?
On 23 June, the British public will vote on whether the UK should remain in the European Union. With business sentiment still divided, this StrategicRISK News Analysis explores the quantifiable risks attached to either outcome.
Access to in-vehicle data can maximise the benefits consumers gain from motor insurance
This two page insight briefing outlines why motor consumers must be able to decide who can access their in-vehicle data, and for what purposes.
CII Thinkpiece: The UK’s European Union Referendum June 2016
On 23rd June the British population will be given the opportunity to vote to remain or leave the European Community. This CII Thinkpiece provides views from the opposing campaigns of the EU referendum, Britain Stronger in Europe and Vote Leave.
International cross-border controls
As the British public are poised to vote on Brexit, the European Commission is considering moving cross-border barriers for insurance sales, with digital innovation a potential key driver. Download Post's article to find out more.
Indirect taxation on insurance contracts in Europe
This publication assesses indirect taxation on insurance contracts in Europe, with a full survey of rules, tariffs and regulations in European markets. It provides an overview of the taxes applicable to insurance premiums, as well as the various declaration and payment procedures in most states.
EU regulation: Draft rules affecting insurance-based investment products
Insurance Europe has published a two page insight briefing paper on why the draft packaged retail and insurance-based investment products regulatory technical standards contain significant design faults, which - if not corrected - will result in consumers being misled.