Insurance regulatory

No other law firm has more regulatory specialists at the forefront of the major issues affecting the insurance and financial services sectors.

Keeping up with the pace of regulatory change in the current charged business and political environment is one of the greatest challenges facing any insurance company.  Clifford Chance's insurance regulatory team is uniquely equipped to advise you across the full range of legal issues affecting your business in a converging marketplace.

We are at the forefront of the regulatory developments presenting insurance companies with opportunities and challenges, first and foremost in Europe Solvency II, but also senior management responsibility, the Reinsurance directive, corporate governance in the insurance industry, the mediation directive, principles based regulation, treating customers fairly (TCF), foreign investment rules and antitrust legislation.  We advise regularly on systems and controls, regulatory capital requirements, authorisation requirements and management and control issues, treating customers fairly, asset admissibility and counter party risk, group service companies and pooling arrangements, outsourcing and run-off arrangements.

Our strong relationships with the major regulators – and our ongoing dialogue with them – helps us to keep our clients up-to-date on major developments. We have excellent working relationships with key financial services regulators, including the SEC, FSA, BaFin and other European and Asian regulators. 

Because we maintain regular contact at the highest levels with the world's financial services regulators, you can be sure that our advice on financial services products is based on in-depth knowledge of their approach. We can advise you on new legal and regulatory developments in the insurance sector in all key markets around the world. Clients also benefit from our Public Policy Practice, which can help them stay abreast of key legislative proposals both domestically and at the European level.      

We have developed Clifford Chance Alerter: Finance Industry which is our online daily regulatory service for the insurance and other finance sector industries.

We are familiar with the authorisation and change of control processes for insurers in all of the key markets. We have supported a number of clients in their initiatives in new markets – including in emerging markets.