Legal & Regulation
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DVS and risk transfer partners critical of German IT security bill
German risk managers, insurers and brokers are unhappy with their government's planned IT Security Act claiming it is being rushed…
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Buyers urged to review broker agreements in light of Insurance Act
Insurance buyers in the UK and beyond should review their terms of business agreements (TOBAs) with brokers to reflect new…
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BIBA launching Insurance Act guidance for brokers and insureds with support of Airmic
The British Insurance Brokers' Association (BIBA) is launching a guide to the 2015 UK Insurance Act for brokers and insurance…
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Germany consults on IT security bill as survey reveals huge impact of cyber risks
As the German government consulted on its draft IT security bill this week, a new survey by the country's Federal…
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JLT vows to vigorously defend Willis action for Fine Art team loss
JLT's ongoing aggressive global expansion drive into the specialty business that followed the merger of JLT Specialty and Lloyd &…
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Reinsurance rules holding back Brazil’s primary market
Restrictions over the transfer of insurance premium to reinsurers are hampering development of Brazil's corporate insurance market, experts said at…
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Mactavish warns boards and buyers to get serious over Insurance Act
Insurance consultancy Mactavish is warning that most UK corporate boards and insurance buyers do not fully understand the implications of…
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First modern European slavery law targets supply chains
Proposed modern slavery legislation, the first of its kind in Europe, will soon require large UK companies to publicly report…
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Problems with SII compliance deadline ‘inevitable’, says Van Hulle
Not all insurers in Europe will be sufficiently prepared for the implementation of Solvency II in ten months’ time, according…
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Draft German Security Act lacks teeth bemoans Zurich
Zurich has criticised the German government's planned IT Security Act claiming it does not go far enough or cover the…
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Survey finds ‘significant minority’ of insurers will miss Solvency II deadline
Close to one quarter of insurers could be unprepared for the implementation of Solvency II's Pillar 3 reporting and disclosure…
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Airmic ahead of the game as UK insurance reforms become law
The UK's Insurance Bill became law yesterday after receiving Royal Assent and will come into force in August 2016. Airmic…
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20 territories added to global programme compliance database Insight Risk Manager
The global programme compliance database developed by Airmic and Axco Insurance Information Services (Axco), Insight Risk Manager, now covers an…
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Solvency II at risk from EIOPA budget cut
The European Insurance and Occupational Pensions Authority (EIOPA) has had its budget cut for 2015, which could threaten the delivery…
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ECIROA and insurers join forces to solve global programme ‘compliance trap’
The European Captive Insurance and Reinsurance Owners’ Association (ECIROA) and leading insurers have finally joined forces to lobby the International…
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Insurers urged to act now as UK passes commercial law reform
Airmic has welcomed the UK parliament's approval of the Insurance Bill this week that sees the association's long campaign to…
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IUA concerned by lack of insurance expertise at UK regulator as new insurance supervisor named
The Bank of England this week finally appointed a new executive director of insurance supervision in the form of Sam…
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Late changes to planned UK insurance contract law legislation favour buyers
Recent changes to the UK Insurance Bill, which proposes to modernise insurance contract law and is currently winging its way…
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Solvency II on track for 2016 deadline as latest hurdle cleared
Solvency II is looking well set to hit its 1 January, 2016 implementation deadline after passing a major legislative milestone…
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European insurers well set to meet new global regulation: Fitch
European insurers are generally well set and adequately capitalised to meet a raft of forthcoming international regulatory changes, according to…
