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