- Newslink Global Insurance Trends-Editor's Weekly Overview
- Allianz receives approval from the China Banking and Insurance Regulatory Commission(CBIRC) to commence operation of China’s first fully foreign-owned insurance holding company
- Allianz and Microsoft Corp announce strategic partnership focused on digitally transforming the insurance industry
- Allianz announces senior management appointments
- Swiss Re sigma latest report says driven by strength in emerging Asia, insurance markets will grow despite weakening global economic growth
- EIOPA welcomes the adoption of the first global frameworks for supervision of internationally active insurance groups
- GlobalData says Europe’s insurance industry saw a drop of 4.6% in overall deal activity during Q3 expired
- GFIA publishes latest Annual Report expired
- PRA publishes PS25/19-"Solvency II: Maintenance of the transitional measure on technical provisions" expired
- Alliance of stakeholders representing the automotive aftercare market, which includes insurers, calls on EU policymakers to put forward legislation by 2020 to ensure a genuine level-playing field for remote access to in-vehicle data. expired
- RAC becomes a strategic investor in London-based InsurTech Wrisk-both trialling a mileage-based car insurance product which enables customers to only pay for the miles driven each month, plus a flat fee for when their cars are parked expired
- Praedicat announces plan to develop a revolutionary new insurance product designed to help global industrials secure coverage for innovative and essential products and chemicals that are typically excluded or under-insured in standard coverage-the first casualty insurance product to be developed in the Lloyd’s Lab expired
6th November 2019
National competent authorities comply or intend to comply with EIOPA’s recommendations to the insurance sector on UK withdrawal from the EU
National competent authorities comply or intend to comply with EIOPA’s recommendations to the insurance sector on UK withdrawal.
The European Insurance and Occupational Pensions Authority (EIOPA) has published the responses from national competent authorities on their compliance, intention to comply or non-compliance with the recommendations set out in EIOPA's 'Recommendations for the insurance sector in light of the United Kingdom withdrawing from the European Union.'
According to the information received, all national competent authorities comply or intend to comply with almost all recommendations.
The recommendations were addressed to national competent authorities of European Economic Area countries except the UK with the goal of minimising detriment to policyholders in the event of no withdrawal agreement between the UK and the European Union.
The recommendations covered nine different areas including orderly run-off, portfolio transfer, change in the habitual residence or establishment of the policyholder, authorisation of third country branches, lapse of authorisation, cooperation between national competent authorities, communication to policyholders and beneficiaries, and distribution activities.
EIOPA Trends(368 articles)