Welcome to the Q3 2024 edition of PwC’s Insurance bulletin. This provides an update on the main regulatory developments for the insurance industry at both a domestic and European level between July and September 2024.
At a European level, EIOPA published its July 2024 Insurance Risk Dashboard, published an opinion on the supervision of captive insurers and launched a public consultation on the capital requirement treatment of insurers’ direct exposure to qualified central counterparties (CCPs) within the standard formula.
Locally, key updates include the CBI’s publication of new Guidance and Checklists on Completing and Submitting (Re)Insurance Authorisation Applications during the quarter as well as the CBI’s publication of the independent review of their Fitness & Probity regime.