Insurance Europe has supported a call from the European Parliament for appropriate supervision of the third-party litigation funding (TPLF) sector.
The European Central Bank (ECB) has today published its opinion in response to a request from the Irish Government in relation to the provisions of the Judicial Council (Amendment) Bill 2021.
Oppenhoff & Partner
The OLG Frankfurt am Main has ordered an insurance broker to pay damages due to inadequate clarification of coverage exclusions in an accident insurance policy.
The current hard insurance market has encouraged many new participants to enter the insurance business in the last few years. As a leading international insurance domicile, Guernsey has benefited.
The Society of Actuaries in Ireland (SAI) and the Reinsurance Advisory Board of Insurance Europe (RAB) have recently published separate responses to the Central Bank of Ireland (CBI) ...
The Central Bank of Ireland (CBI) has written to insurers to highlight the risk of under-insurance in the home insurance market, in light of the impact of inflation on construction costs.
Over the summer, EIOPA published its peer review report on outsourcing (the Report). It looked at the performance of national supervisory authorities (NSAs) across Europe in supervising outsourcing...
EIOPA has published a supervisory statement on non-affirmative cyber (or 'silent cyber') risks.
Silent cyber risk refers to instances where cyber coverage is neither explicitly included...
EIOPA has published a supervisory statement on exclusions related to systemic events such as pandemics, natural catastrophes or large cyber attacks.
On 16 September 2022, the Central Bank of Ireland (CBI) published the latest edition of its quarterly newsletter for the (re)insurance sector.
The Act aims to address several insurance-related issues set out in the Action Plan for Insurance Reform which was published by the Department of Finance to reflect the insurance-related...
In a case stated from the District Court, the High Court has determined that having public liability insurance is not a prerequisite to being granted a public dancing licence.
In June, the Central Bank of Ireland (Central Bank) published the first edition of its Intermediary Times newsletter for 2022 (Newsletter).
On 1 August 2022, the European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper setting out a draft supervisory statement on the use of governance...
Great overview of the impact of recent global events on the life insurance market from Petra Hielkema, Chair of EIOPA.
Arendt & Medernach
On 25 August 2022, the Commissariat aux Assurances (the "CAA") published Information Note 22/9 (the "Note") to make actors aware of the main existing and ...
On 19 August 2022, the Commissariat aux Assurances (the "CAA") published a new Circular-Letter 22/16 (the "CL") on outsourcing of significant or critical operational activities...
The European Insurance and Occupational Pensions Authority (‘EIOPA') has launched a public consultation regarding a draft supervisory statement on the use of governance arrangements in third countries.
The threat posed by cyberattacks has increased significantly in the last few years. This is shown by a recently published survey by the industry association Swissmem, according to which 70 percent...
On 29 July 2022, the Commercial Court handed down its decision in Al Mana Lifestyle Trading LLC & Ors v United Fidelity Insurance Company PSC & ors, in which Mrs Justice Cockerill confirmed that ...