Key regulatory updates: Life and General Insurance late 2016/early 2017

Many New Year’s resolutions are no doubt long forgotten by now, but the regulatory publications from the last quarter of 2016 and the first couple of months of 2017 may be with us a little longer.

In case you missed anything amid the rush to prepare for and get stuck into year-end reporting, this newsletter highlights the main points from some of the key regulatory publications between the period 1 October 2016 to 28 February 2016.

Amongst other things, in this edition we look at:

• Solvency II: Monitoring drift and standard formula SCR reporting for firms with an approved internal model tool
• Solvency II: Matching adjustment – illiquid unrated assets and equity release mortgages
• Professional indemnity insurance for general insurance intermediaries
• Finalised guidance on fair treatment of closed-book customers
• Implementing information prompts in the annuity markets
• Professional indemnity insurance for general insurance intermediaries
• Methodology of risk-free interest rate term structures

For more details, please download the full newsletter below.

Please note, Patrick Gloster contributed to the writing of this newsletter.