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Goodbye to the Net-Zero Insurance Alliance, welcome instead to the Forum for Insurance Transition to Net Zero

On 25 April 2024, the UN Environment Programme (UNEP) announced the creation of a new multi-stakeholder forum to support the insurance industry to accelerate and scale up the...

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UK Insurance Horizon Scanner - May and June 2024

A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next few months.

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Department of Labor issues final regulation on investment advice fiduciaries

On April 23, 2024, the Department of Labor (the “DOL”) issued a final regulation (the “Final Rule”) that describes the circumstances under which a person will be...

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IVASS consults again to review the regulatory framework governing unit and index linked products

On 28 March 2024, IVASS launched a second public consultation on a draft regulation regarding unit and linked insurance products. The purpose of the draft regulation is to lay down the...

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Taking robust security over warranty and indemnity insurance policies

This article addresses the legal and practical issues for lenders on leveraged buy-outs in relation to taking security over warranty and indemnity insurance policies.This article first...

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Artificial intelligence in the insurance sector: fundamental right impact assessments

The new AI Act establishes an obligation for the deployers of certain high-risk AI systems to conduct a “fundamental rights impact assessment” (“FRIA”). This will...

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UK Consumer Duty: FCA gives more implementation feedback and some focus areas for closed books work

On 20 February 2024, the FCA published details of recent good practice in Consumer Duty implementation and highlighted areas for improvement. As well as this, the FCA also published the...

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UK: FCA Business Plan 2024/25: a quick guide to the FCA’s key priorities

On 19 March 2024, the FCA published its Business Plan for 2024/25 setting out its planned programme of work for the coming year. The FCA states that it remains resolute in supporting the...

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UK Insurance Horizon Scanner - March, April and May 2024

A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next few months.

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