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Insurance regulatory news, July 2021 #3

COVID-19 BI insurance test case: FCA updates webpage The Financial Conduct Authority (FCA) has updated the webpage on its business interruption (BI) insurance test case. The FCA has published the Supreme Court order varying...more

Insurance regulatory news, May 2021 # 2

Civil Liability Act 2018 (Financial Conduct Authority) (Whiplash) Regulations 2021 - The Civil Liability Act 2018 (Financial Conduct Authority) (Whiplash) Regulations 2021 (SI 2021/594) have been published, together with an...more

Insurance regulatory news, April 2021 # 3

Solvency II: PRA supervisory disclosures - The UK Prudential Regulation Authority (PRA) has published Solvency II: Supervisory disclosures, PRAā€™s supervisory approach and insurance regulations applicable in the UK year-end...more

Insurance regulatory news, March 2021 # 5

Settling RTA whiplash-related injuries without a medical report - The Civil Liability (Specification of Authorised Persons) Regulations 2021 (SI 2021/326) have been published, together with an explanatory memorandum. The...more

Insurance regulatory news, March 2021 # 4

UK Solvency II: PRA PS2/21 on expectations for work of external auditors on matching adjustment - The UK Prudential Regulation Authority (PRA) has published a policy statement, PS2/21, setting out its expectations for the...more

Insurance regulatory news, March 2021 # 2

COVID-19: FCA final guidance on proving presence of COVID-19 in BI insurance claims - Following consultation, the UK Financial Conduct Authority (FCA) has published final guidanceĀ on proving the presence of coronavirus...more

Insurance regulatory news, February 2021 # 4

COVID-19: FCA update on BI insurance test case - The UK Financial Conduct Authority (FCA) has updated its webpage on its business interruption (BI) insurance test case....more

Insurance regulatory news, February 2021

COVID-19: FCA Dear CEO letter on BI insurance test case and outcome table - On 22 and 29 January 2021, the FCA updated its webpage on its business interruption (BI) insurance test case. The FCA has published ...more

Insurance regulatory news, January 2021 # 2

COVID-19: Supreme Court judgment in FCA's BI insurance test case - On 15 January 2021, the Supreme Court handed down judgment in FCA v Arch Insurance (UK) Ltd and others [2021] UKSC 1 on the issues on appeal from the High...more

Insurance regulatory news, December 2020 # 3

2021 priorities for supervising insurance firms: PRA Dear CEO letter The UK Prudential Regulation Authority (PRA) has published a Dear CEO letter it has sent to insurance firms setting out its supervisory priorities for...more

Insurance regulatory news, November 2020 # 3

COVID-19: FCA update on business interruption insurance test case - The UK Financial Conduct Authority (FCA) has updated its webpage on its business interruption insurance test case. Among other things, the FCA has...more

Insurance regulatory news, November 2020 # 2

COVID-19: FCA update on business interruption insurance test case - On 11 November 2020, the UK Financial Conduct Authority (FCA) updated the webpage on its business interruption insurance test case. ...more

Insurance regulatory news, November 2020

COVID-19: FCA update on business interruption insurance test case - The UK Financial Conduct Authority (FCA) has updated its webpage on its business interruption insurance test case to confirm that an appeal of the case...more

Insurance regulatory news, October 2020 # 4

Brexit: PRA and FCA Dear CEO letter on final preparations for end of transition period - The UK Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have published a joint Dear CEO letter that they...more

Insurance regulatory news, October 2020 # 2

COVID-19: FCA updates webpage on BI insurance test case - The UK Financial Conduct Authority (FCA) has updated its webpage on its business interruption (BI) insurance test case, publishing a draft transcript of the...more

Insurance regulatory news, October 2020

COVID-19: HM Treasury letter on insurance companies' deductions of government grants from BI insurance claims - On 25 September 2020, HM Treasury published a letter from John Glen, Economic Secretary to HM Treasury, to Huw...more

Insurance regulatory news, September 2020 # 4

COVID-19: FCA Dear CEO letter and consequentials hearing for BII test case - On 18 September 2020, the UK Financial Conduct Authority (FCA) published a Dear CEO letter setting out its expectations of insurers (including...more

Insurance regulatory news, September 2020 # 3

COVID-19: Judgment in FCA's business interruption insurance test case - The High Court has handed down judgment in FCA v Arch Insurance (UK) Ltd and others [2020] EWHC 2448 (Comm) (15 September 2020), the test case...more

Insurance regulatory news, September 2020 # 2

COVID-19: business interruption insurance test case judgment due on 15 September 2020 - On 9 September 2020, the UK Financial Conduct Authority (FCA) updated its webpage on the High Court business interruption insurance...more

Insurance regulatory news, August 2020 #2

COVID-19: FCA statement on non-damage BI settlements and deductions relating to government support - The UK Financial Conduct Authority (FCA) has published a statement on non-damage business insurance (BI) settlements and...more

Insurance regulatory news, July 2020 #4

COVID-19: FCA updates on business interruption insurance test case - The UK Financial Conduct Authority (FCA) has published a number of updates to its webpage on the High Court test case concerning business interruption...more

Insurance regulatory news, July 2020 #3

COVID-19: FCA update on business interruption insurance test case - On 13 and 15 July 2020, the UK Financial Conduct Authority (FCA) updated its webpage on the High Court test case concerning business interruption...more

Insurance regulatory news, July 2020 #2

COVID-19: PRA statement to insurers on application of matching adjustment - On 7 July 2020, the UK Prudential Regulation Authority (PRA) published a statement to insurers on the application of the matching adjustment (MA)...more

Insurance regulatory news, July 2020

Recent regulatory developments of interest to insurers and their intermediaries. Includes updates relating to COVID-19, Solvency II, and more....more

Insurance regulatory news, June 2020 #4

Recent regulatory developments of interest to insurers and their intermediaries. Includes FCA update on the COVID-19 BI insurance test case and EIOPA discussion paper on methodological principles of insurance stress testing. ...more

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