IVASS has recently published a letter to the market clarifying obligations for insurance undertakings and intermediaries under Council Regulation (EU) No. 269/2014 concerning restrictive measures related to Ukraine's...more
IVASS has recently issued a regulatory measure amending and integrating its secondary rules on anti-money laundering (AML) compliance and governance aimed at preventing the use of insurance companies and insurance...more
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
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 has recently launched a public consultation on a document providing amendments to its Regulation no. 40/2018 in order to enable the registration of insurance intermediaries on the web portal of the Register of insurance...more
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
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
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 has launched a survey aimed at understanding the use of Machine Learning algorithms by Italian insurance undertakings and Italian branches of non-EU insurance undertakings, which are required to fill in a specific...more
IVASS has launched a public consultation on a draft regulation laying down provisions on the setting up of an online comparison system for premiums related to the so-called basic contract offered by insurance undertakings...more
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
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
IVASS has published its letter to the market of 4 March 2022 on the timing and operational modalities for the communication of information related to supervisory reporting. The Letter to the Market, together with the related...more
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
On 14 July 2021, IVASS published a new Regulation setting out rules on money laundering risk mitigation procedures and providing for amendments to IVASS Regulation No. 44/2019 regarding rules on internal organization,...more
In data 1° ottobre 2018 è entrata in vigore nell’Unione Europea la Direttiva (UE) 2016/97 del 20 gennaio 2016 (nota come Insurance Distribution Directive – IDD, di seguito la Direttiva) che apporta rilevanti modifiche alla...more
IVASS published on 5 June Regulation no. 38 concerning provisions on the corporate governance system (the “Regulation“) implementing EIOPA Guidelines pursuant to Solvency II Directive....more
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
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
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