Legal & Regulation
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July 4, 2024
Europe’s insurers back EU’s Taxonomy Regulation but concerns remain
European insurers support the EU’s Taxonomy Regulation but have a number of concerns over reporting demands for underwriting and investments.…
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June 25, 2024
GFIA warns of excessive focus on climate risk in IAIS consultation
The Global Federation of Insurance Associations (GFIA) has warned of an “excessive focus on climate risk in corporate governance, remuneration…
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June 25, 2024
Courts yet to test key aspects of Insurance Act
Almost nine years after the Insurance Act introduced some big changes to UK insurance contract law, key principles have yet…
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June 25, 2024
Appeals court says no D&O coverage for $145m DOJ settlement
A California appeals court has ruled that an electronic health record software developer cannot use its D&O insurance to cover…
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June 20, 2024
Brazil closing in on law that many fear will curtail access to global reinsurance and innovation
The Brazilian Senate has approved a bill set to usher in new insurance legislation that worries both corporate insurance buyers…
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June 19, 2024
UK’s Insurance Act benefitting buyers but fails to stem tide of litigation
The Insurance Act has put buyers in a much stronger position when negotiating claims but it has not stemmed the…
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June 19, 2024
Insurers oppose sector-specific diversity rules
Any new sectoral regulations on insurers to improve diversity, equity and inclusion (DEI) should not double-up with existing policies and…
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June 17, 2024
Economist urges Dutch insurers to step up on climate change
A leading economist in the Netherlands has called on insurers to “raise their hands” in the fight against climate change.…
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June 14, 2024
Amrae says French insurers lack clear position on denial of cyber cover due to war
Amrae says insurers are failing to deliver clear answers to mounting concern among French risk managers about the potential denial…
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June 14, 2024
UK sanctions Russian insurer Ingosstrakh and four oil tankers
The UK has sanctioned Russian insurer Ingosstrakh, alongside designations of named cargo ships, as it seeks to disrupt Russia’s shadow…
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June 14, 2024
Risk management will be ‘game-changer’ as India drops tariffs
Risk and insurance managers in India can prepare for a more dynamic and innovative insurance market as the ongoing removal…
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June 13, 2024
Strong German rate hikes improve insurance sector’s profitability outlook: Fitch
Premium rate increases recently pushed through by German insurers are “starting to close the gap” with high claims inflation, according…
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June 11, 2024
German insurers lambast Europe for regulatory burden
German insurers have called on the next European Commission to ease off introducing new financial regulations after counting 77 pieces…
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June 11, 2024
Europe’s Solvency II review will ease capital requirements by €80bn: S&P
Europe’s changes to Solvency II will ease insurers’ capital requirements by more than originally expected, according to analysis from S&P…
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June 10, 2024
Risk scientist urges governments to force insurers to share nat cat data
Insurers must be more open to sharing nat cat loss data in order to build resilience against climate change, or…
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June 10, 2024
AM Best upgrades global reinsurance sector outlook to positive
Reinsurers’ drive for profitability following “drastic repricing”, coupled with continuing high levels of demand from buyers, have been cited as…
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June 10, 2024
German insured flood losses at least €2bn: GDV
The German insurance association (GDV) estimates that the recent flooding in Bavaria and Baden-Württemberg will lead to insured losses of…
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June 7, 2024
Final UK solvency rules barely deviate from Solvency II and should obtain equivalence
The UK will begin rolling out its changes to Europe’s Solvency II regime on 30 June, avoiding further delay in…
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June 6, 2024
French brokers want ‘avalanche’ of new European rules to stop
An association of French brokers has urged the European Parliament to stop imposing new rules on the insurance industry over…
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June 4, 2024
Ireland passes motor liability claims rules following EC reprimand
Ireland has passed new legislation to pay motor liability claims to policyholders of failed insurance companies in response to infringement…