Insurance Update - July 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.

  • Further consultations as IAIS targets adoption of revised ICPs and ComFrame at November 2019 AGM
  • Changes to Solvency II Delegated Regulation finalised
  • European Commission asks for further analysis of Solvency II rules on group supervision and capital management
  • EIOPA consults on sustainability within Solvency II
  • EIOPA consultation on guidelines on outsourcing to cloud service providers
  • Reporting of securities financing transactions: an update for insurance companies
  • UK PRA “Dear CEO” letter to Chief Actuaries of life insurers
  • Bank of England speech on use of internal models
  • UK PRA consults on update to TMTP supervisory statement
  • UK – Framework for assessing financial impacts of physical climate change
  • Hong Kong – Insurance Authority confirms start date as 23 September 2019
  • Recent deals