This report examines the key regulatory updates in July for life insurance companies in Europe. We note items published by the European Insurance and Occupational Pensions Authority (EIOPA), Financial Conduct Authority (FCA), and Prudential Regulation Authority (PRA).
Key developments include:
- EIOPA publishes its first set of technical standards to the European Commission after the review of Solvency II.
- EIOPA publishes consultations and surveys, in addition to guidance for supervising mass-lapse reinsurance and reinsurance termination clauses.
- FCA launches CP25/18, “Tackling non-financial misconduct in financial services.”
- FCA targets faster targets authorisations for firms and individuals.
- PRA publishes insurance updates.
- PRA launches CP18/25, “Review of Senior Managers and Certification Regime.”