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I am delighted to present our first Global Insurance Review. This edition focuses on Insurance news over the last few months. Future reviews will be issued on a bi-monthly basis and will highlight key market and regulatory developments across the global insurance...

Since our last client briefing in January 2012, there have been several developments relating to the proposed new Solvency II regime although perhaps not as much progress as we might have expected at that time. Many steps still remain to be taken on the path...

The European Union (EU) agenda for regulatory reform in the financial sector continues to take shape. The EU has played a leading role in the development of the G20's action plan to respond to the financial crisis and many of the actions being taken aim to...

In the aftermath of the financial crisis of 2008, there emerged a consensus of opinion both on the global stage and in the domestic arena that failures in regulation played a significant role in the crisis. In the UK, in particular, the view of the then Labour...

On 7 March 2012, the FSA published Policy Statement 12/4, "Protecting With-Profits Policyholders - Feedback on CP 11/5 and Final Rules" ("PS 12/4"). It sets out a summary of responses by industry participants to CP 11/5 ("CP 11/5"),...

Die Europäischen Kommission veröffentlichte Leitlinien, die es der Versicherungsindustrie erleichtern sollen, auf nationaler Ebene die Vorgaben des Test-Achats-Urteils einzuhalten. Versicherungsunternehmen können nun ihre Vertrags- und Preisgestaltung...

The European Commission, following consultation with the insurance industry during 2011, has published guidelines to facilitate compliance with the Test Achats ruling at national level. Insurers can now review their contract design and pricing against more substantive...

Since our last Solvency II client briefing in July 2011, there have been a number of developments in relation to the implementation of the Solvency II Level 1 Directive. This briefing provides an update on these developments and a discussion of the key outstanding...

The European Union (EU) agenda for regulatory reform in the financial sector continues to take shape. The EU has played a leading role in the development of the G20's action plan to respond to the financial crisis and many of the actions being taken aim to...

Solvency II, the European Commission's new regime for insurance regulation, is likely to trigger a rise in M&A activity in the insurance sector because of the increasing regulatory and compliance burden it will place on insurers. Although there is continuing...