Insurance Update – July 2025

This newsletter is produced by Linklaters’ insurance sector team and is intended to keep you up to date with current issues in international insurance law, regulation and practice. Please click here to view the edition. The following topics are covered: 

• EU Solvency II reform: European Commission consults on amendments to Solvency II Delegated Regulation
• EU: Redline version of Solvency II Directive
• EU Solvency II reform: EIOPA final reports on draft technical standards and guidelines 
• EU: EIOPA consults on revised guidelines
• European Commission consults on renewed Brazil, Mexico and Japan equivalence decision
• EU: EIOPA sets out guidance for supervising mass-lapse reinsurance and reinsurance termination clauses
• EU: EIOPA consultation on reporting and disclosure requirements
• EU: EIOPA report on biodiversity risk management by insurers
• EU: ESAs launch consultation on how to integrate ESG risks into the financial stress tests for banks and insurers
• IAIS consults on its individual insurer monitoring assessment methodology and publishes interim market report
• IAIS publishes high-level principles for the development of the Insurance Capital Standard implementation assessment methodology
• IAIS guidance on transitioning to a risk-based solvency regime
• IAIS finalises Application Paper on the supervision of AI
• IAIS finalises Application Paper on fair treatment of a wide range of consumers
• IAIS consults on operational resilience objectives and toolkit
• US: 30 years later – Second Circuit’s road to arbitral pre-emption
• UK: Mansion House 2025 – UK uses “Leeds Reforms” to rewire financial system
• UK government to press ahead with new captive insurance regime
• UK: HM Treasury consults on changes to insurance risk transfer framework
• UK: Advice/Guidance Boundary Review – FCA consults on its “once-in-a-generation” targeted support proposals
• UK: FCA publishes long-awaited non-financial misconduct rules and guidance
• UK: PRA letter on solvency-triggered termination rights clauses in BPA transactions
• UK PRA update on dynamic general insurance stress test
• UK: Lloyd’s managing agent authorisation process to be streamlined
• Outsourcing by insurance companies in India
• Recent Deals