European Commission (EC)
Consultants welcome 'clear deadline' on Solvency II
The delay of Solvency II’s application date to 2016 has been welcomed by KPMG and PWC, citing the certainty the move will bring insurers, though doubts still remain over the new schedule.
EU pushes Solvency II start to 2016
The European Union has announced a final delay to the Solvency II application date to January 2016, pushing back the legislation by two years.
Travel: In rude health
The refusal of some Spanish hospitals to accept EHICs sparked anger in the insurance industry, but will the scandal impact premiums?
Europe: Continental catastrophes
An EC Green Paper proposing harmonisation of catastrophe insurance across Europe has faced strong criticism from the market. Edmund Tirbutt explains why.
Ferma warns against compulsory schemes for catastrophe insurance
The Federation of European Risk Management Associations has told the European Commission that any new insurance solutions for catastrophe risks should be market based and respect freedom of choice for insurance buyers.
Tailored approach is essential to European disaster management
Insurance Europe has warned there is no “one-size-fits-all” solution to the insurance required for natural and man-made disasters in Europe and called for insurance cover to be tailored to the different type of risks and their locations.
Tailored approach to European disaster management is essential
Insurance Europe has warned there is no “one-size-fits-all” solution to the insurance required for natural and man-made disasters in Europe.
Loss adjusting Regulation: If it ain't broke
Loss adjusters claim they are already monitored closely but should they face formal regulation like the rest of the insurance industry?
Google under fire from EU data watchdogs
Google’s treatment of user data has come under fire from data protection watchdogs in France and Spain.
EU collective redress mechanisms open to abuse says Ferma
The collective redress mechanisms recommended by the European Commission could be an open door for abuse according to market insiders.
Good disclosure practices alone are not enough says Ferma
Public disclosure of a company's social issues is good, but by itself does not show that the risks are under control, the Federation of European Risk Management Associations has warned.
International: Lost in the long grass
Will the final form of Solvency II – designed to harmonise capital adequacy across the continent – look anything like it was initially intended? And when, if ever, will it emerge?
Spain protests innocence as more countries refuse EHIC
European hospitals accused of trying to profit from insurers
Co(re)insurance provides more benefits than issues says Ferma
Restrictions on the subscription insurance market could reduce market capacity or make access to that capacity more difficult, the Federation of European Risk Management Associations has warned.
Spain investigated by EC over health insurance card failures
The European Commission has demanded information from Spain over complaints that Spanish hospitals are refusing to honour the European Health Insurance Card scheme.
Are loss adjusters better off out of the IMD?
Earlier this week Post reported that the European Commission has excluded the direct regulation of loss adjusters and claims management firms from the second draft of the Insurance Mediation Directive.
EC investigates Spain for failing to honour EHIC scheme
The European Commission has demanded information from Spain over complaints that Spanish public hospitals are refusing to honour the European Health Insurance Card scheme.
Loss adjusters excluded from latest IMD2 draft
The direct regulation of loss adjusters and claims management firms has been dropped from the second draft of the Insurance Mediation Directive by the European Commission, Post has learnt.
Eiopa seeks enhanced powers over large cross-border insurers
The European Insurance and Occupational Pensions Authority has outlined its desire for enhanced supervisory powers over insurance activities in European Union member states.
Solvency II deal is "on the table" says MEP
The European Union is close to reaching a consensus on the oft delayed Solvency II regulations, according to a member of the European Parliament.
Beazley brings breach response product to Italian market
Lloyd’s insurer Beazley's data breach response solution is now available to organisations in the Italy.
Solvency II “ground to a halt” by national interest PRA boss says
Disagreement over the final Solvency II rules at a national level has seen negotiations “ground to a halt” according to Prudential Regulatory Authority boss Andrew Bailey.