Insurance Update – May 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: 

• UK PRA consults on ‘Matching Adjustment Investment Accelerator’ 
• UK PRA consults on updates to supervisory statement on climate change 
• UK FCA sets out proposals to simplify insurance rulebook 
• UK FCA lays out more detail for how CCIs will replace PRIIPs 
• EIOPA consults on revised level 3 materials following Solvency II review 
• EIOPA consults on materials required to implement the EU’s new insurance recovery and resolution framework
• EU: Omnibus “Stop-the-Clock” Directive published in Official Journal of the EU
• Italy: Extended deadline for taking out catastrophic risk insurance policies 
• IAIS publishes application paper on the supervision of climate-related risks in the insurance sector 
• Update on IAIS draft issues paper on structural shifts in the life insurance sector 
• Recent deals