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Regulation

Set Alert for Insurance Day Regulars :: Regulation

ECJ to assess US data sharing concerns

Model clauses set out how personal data should be handled when transferred outside the EU to 'third countries', something relevant to insurers and their clients
Legal focus Regulation

'A Brexit cliff-edge for in-force insurance policies must be avoided'

Loss of passporting rights means insurers will lose the legal authorisation to service cross-border contracts after Brexit. It is vital politicians respect the interests of the policyholders they represent
Europe Brexit

'The future of covered agreement is open to question'

The viability of the US/EU covered agreement signed earlier this year could be in doubt for the foreseeable future
Focus Regulation

'London won't benefit from the EU/US covered agreement after Brexit - a new deal is needed'

The covered agreement between the EU and the US will no longer apply to London market firms once the UK leaves the EU, so a replication of the deal is an urgent post-Brexit priority for the market
Focus Regulation

UK regulators 'must make it easier for fintech to flourish'

Government urged to 'seriously consider' recommendations in new KPMG and City of London Corporation study
Technology Insurtech

'Brokers and insurers need to get ready for new approval regime'

Brokers and MGAs will face a significant increase in regulatory and compliance obligations following SM&CR extension 
United Kingdom Regulation
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