Insurance Update - March 2021

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.

  • Draft IAIS application paper on macroprudential supervision
  • EU Commission review of Solvency II – summary of feedback to July 2020 consultation
  • Proposed changes to the PRIIPs regime finally sent to the Commission
  • EIOPA advice on KPI disclosure obligations under Article 8 of Taxonomy Regulation
  • EIOPA discussion paper on open insurance
  • EIOPA comparative study on non-life underwriting risk in internal models
  • Germany: Increased BaFin requirements for InsurTechs
  • UK: PRA letter to life insurers on the application of the “effective value test”
  • UK: Five lessons for firms’ operational resilience planning
  • UK: FCA business interruption insurance test case
  • Covid-19: UK FCA consults on extending guidance on cancellations and refunds
  • Foreign direct investment in the Indian insurance sector
  • India: Dividend and capital adequacy developments on account of the Covid-19 pandemic
  • IRDAI declares the promoters of Sahara India Life Insurance Company Limited as not “fit and proper”
  • Recent deals