Miscellaneous

Mitigating cyber security exposures: Risk transfer through cyber insurance

Now may be the time to review your cyber risk mitigation strategy and give serious consideration to whether the financial cost of cyber attacks could be transferred to insurers at a fair price. Cyber security is amongst the leading risks … Continue reading

Leave a Comment

Filed under Intermediaries, Miscellaneous, Policyholders

Insurance regulation in 2015

So many developments are in the pipeline that we expect 2015 to be a landmark year for the insurance sector. In this briefing, we consider how regulation may develop over the year. We start by considering the prudential side and … Continue reading

Leave a Comment

Filed under Insurers, Intermediaries, Legal/Regulatory, Miscellaneous

Solvency II trilogue discussions conclude – so what happens now?

Earlier today, it was announced that yesterday’s trilogue discussions on the Omnibus II Directive (Omnibus II) had finished in agreement.  The announcement puts to rest recent uncertainty about the future of the Solvency II Directive and sets in train a timetable bringing … Continue reading

Leave a Comment

Filed under Insurers, Legal/Regulatory, Miscellaneous

PRA proposes clampdown on solvent schemes

The PRA has put down a clear marker that policyholder interests must come first when insurers are looking for ways to return capital to shareholders.  It is particularly concerned that schemes of arrangement used by solvent insurers to achieve an … Continue reading

Leave a Comment

Filed under Insurers, Legal/Regulatory, Miscellaneous

Solvency II – “an object lesson in how not to make law”?

Andrew Tyrie MP (Chairman of the Treasury Committee) recently described Solvency II as “an object lesson in how not to make law”.  In similar vein, Andrew Bailey of the PRA has said that Solvency II is “lost in detail” and … Continue reading

Leave a Comment

Filed under Insurers, Legal/Regulatory, Miscellaneous