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Insurance Contracts Transparency Italy

Hogan Lovells

Italy sets out the legal framework for compulsory Nat Cat insurance

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The long-awaited Ministerial Decree regulating catastrophic risk insurance schemes implementing the related provisions under the 2024 Italian Budget Law has been recently published in the Italian official Gazette. Companies...more

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

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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

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Italy: IVASS secondary level provisions implementing the Insurance Distribution Directive (“IDD”)

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On 8 June IVASS launched three public consultations on its draft regulations providing for secondary level legislation regarding insurance and reinsurance distribution, pre-contractual transparency requirements to be met in...more

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IVASS extends to EU insurers its recent guidelines to simplify insurance policy wording

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In a letter to the market published by IVASS yesterday, the Italian insurance regulator expressly clarified that the scope of application of the guidelines set out in a previous letter to the market also includes EU insurance...more

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IVASS and AGCM bring actions against unfair clauses contained in accident and health insurance contracts

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The Italian Insurance Regulator ("IVASS") and the Italian Competition Authority ("AGCM") have taken coordinated actions against certain clauses contained in health and accidents insurance policies that cover permanent...more

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Italy: IVASS once again shines a spotlight on PPI policies

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After one year from the last coordinated intervention of IVASS and the Bank of Italy in this sector aimed at better protecting policyholders/borrowers, IVASS issued a new letter to the market addressed to insurance...more

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