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IVASS consults again to review the regulatory framework governing unit and index linked products

On 28 March 2024, IVASS launched a second public consultation on a draft regulation regarding unit and linked insurance products. The purpose of the draft regulation is to lay down the rules aimed at updating, in line with...more

Recent law provisions and regulatory measures impacting the Italian insurance sector

The Italian Budget Law for 2024 introduced important measures that will have an impact on the insurance business. As to the non-life insurance sector, it is provided an obligation for Italian enterprises and branches of...more

IVASS proposes amendments to simplify the pre-contractual distributor and product disclosures

IVASS has recently launched a public consultation on a draft regulation providing amendments and integrations to its existing regulations on insurance and reinsurance distribution and on information, advertising and designing...more

IVASS launches a public consultation to adapt its regulations to EU rules on sustainable finance

IVASS has recently launched a public consultation on a document providing amendments and integrations to some of its secondary regulations, in order to align them to the new European rules on sustainable finance. The IVASS...more

Italy: rules on direct compensation for motor liability insurance extended to EU insurance companies

The Italian annual market and competition law - recently published in the Italian official Gazette - provides, among other things, for an amendment in relation to the rules on direct compensation system for motor liability...more

Italy: IVASS consults to amend certain provisions regarding insurance distribution

IVASS has launched a public consultation in order to amend certain provisions of IVASS Regulation No. 40/2018 on insurance and reinsurance distribution, in particular regarding professional requirements of insurance...more

IVASS specifies the requirements for appointed experts to carry out mystery shopping activities

IVASS has launched a public consultation on a draft regulation laying down provisions on the use of external experts for the purposes of mystery shopping activities, i.e. the activity carried out incognito by or on assignment...more

Italy: IVASS reviews the regulatory framework on unit and index linked products

On 11 March 2022, IVASS launched a public consultation on a draft regulation which would introduce new provisions governing unit-linked and index-linked policies issued by Italian and foreign insurance undertakings. On the...more

Italy: IVASS consults to introduce new annual reporting obligation for non-life insurance companies

On 28 January 2022, IVASS launched a public consultation on a draft regulation providing rules related to the obligation to communicate to IVASS data and information on non-life premiums collected in Italy by insurance...more

IVASS provides clarifications concerning Italian rules governing insurance distribution

On 23 December 2021 IVASS published a set of clarifications regarding a number of Italian provisions governing the insurance distribution activity. Following a series of meetings held between the Italian insurance...more

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