Insurance Update - May 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.

• ESG: What next for the Sustainable Finance Package?
• EIOPA issues Opinion on the supervision of the use of climate change risk scenarios in the ORSA
• EIOPA consults on revised Guidelines on the use of the Legal Entity Identifier
• EIOPA analysis of “general good” rules under IDD
• EIOPA consults on framework to address value for money risk in the European unit-linked market
• EIOPA consults on Interbank Offered Rates
• European Commission consultation on strategy for retail investors
• Recent German Federal Administrative Court ruling: scope of BaFin’s administrative authority
• Private placements of capital instruments
• UK regulators finalise new policy on operational resilience
• UK PRA policy statement on expectations for work of external auditors on matching adjustment
• General insurance pricing practices: UK FCA delays implementation of new rules
• Covid-19: UK FCA extends guidance on cancellations and refunds
• UK: Judicial review of the UK government’s plan to reform RPI
• India issues draft rules in relation to increase of FDI to 74%
• India notifies regulations for compensation pursuant to a forced amalgamation of insurance companies
• Recent deals