Insurance Update - January 2022

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.

• IAIS consultation on the development of liquidity metrics  
• FSB publishes papers on funding and interconnectedness practices to aid resolution planning for insurers 
• EU Sustainable Finance Disclosure Regulation RTS: application delayed to 1 January 2023 
• EU Taxonomy Regulation Delegated Acts published in OJ 
• EIOPA consultation paper on application guidance on running climate change materiality assessments and using climate change scenarios in the ORSA 
• European Commission Implementing Regulation amending ITS on mapping credit assessments of ECAIs under Solvency II published in the Official Journal 
• EIOPA issues revised Guidelines on Legal Entity Identifier 
• EIOPA supervisory statement on assessment of value for money of unit-linked insurance products 
• EIOPA updates retail risk indicators methodology 
• EIOPA sets out digital transformation strategy
• UK: FCA and HMT seek to improve the Appointed Representatives regime 
• UK: FCA consults on proposed Consumer Duty 
• UK: FCA finalises TCFD disclosure rules for FCA regulated asset managers, other asset owners and standard listed companies 
• UK: PRA policy statement on phase 1 of Solvency II reporting review 
• Brexit: New regulations to address deficiencies in group supervision rules     
• Hong Kong’s new regulatory framework for the issuance of insurance-linked securities 
• Singapore: Insurers to support cyber risk management 
• Recent deals