Insurance Update - November 2019

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.

• 2020 review of Solvency II: EIOPA consults on technical advice
• EIOPA identifies consumer protection issues in travel insurance
• EIOPA opinion on sustainability within Solvency II
• EIOPA report on cyber risk for insurers
• UK’s PRA consults on new supervisory statement on the Prudent Person Principle
• UK’s PRA finalises supervisory statement on liquidity risk management
• UK’s PRA finalises revisions to supervisory statement on equity release mortgages
• UK PRA’s consultation on income producing real estate loans and internal credit assessments for illiquid, unrated assets
• UK’s PRA sets out current areas of focus for GI firms
• UK’s FCA presents findings from unit-linked funds’ governance review
• UK FCA’s interim report on GI pricing practices
• UK’s FCA launches fourth GI value measures pilot
• UK FCA’s evaluation of GI renewal transparency intervention
• Hong Kong: The new Insurance Authority regime for insurance intermediaries
• China revises key insurance and banking regulations; reforms may spark renewed foreign interest in China’s financial sector