Insurance Update - July 2018

The following topics are covered in this issue. To see the articles, please log on to our Knowledge Portal or contact your usual Linklaters’ contact.

• European Commission proposals to amend Motor Insurance Directive
• EIOPA thematic review on use of Big Data in motor and health insurance
• EIOPA warns that insurers should avoid repackaging instruments banned by ESMA
• EIOPA opinion on disclosure to customers re impact of Brexit
• Brexit: The European Union (Withdrawal) Act 2018 and the approach of the financial services regulators
• Extension of UK Senior Managers and Certification Regime to insurers: final rules
• PRA warns specialist general insurers that market conditions remain “challenging”
• PRA consultation on equity release mortgages
• PRA policy statement and further consultation on group supervision
• PRA policy and supervisory statements on matching adjustment
• PRA policy and supervisory statements on internal model change process
• Part VII insurance business transfer schemes – FCA finalises guidance
• FCA publishes final rules to implement Insurance Distribution Directive
• Recent deals