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Summary of regulatory developments: Updates for July 2023

11 August 2023

This report details regulatory updates in July for life insurance companies. We note items published by the European Insurance and Occupational Pensions Authority (EIOPA), Prudential Regulation Authority (PRA), and Financial Conduct Authority (FCA). Details include: 

  • EIOPA consults on supervision of reinsurance concluded with third-country reinsurers
  • EIOPA publishes its Q&A on regulation
  • EIOPA publishes Report on Colleges Activities 2022, and a paper on methodological principles of insurance stress testing of cyber risks
  • The FCA consults on a new Code of Conduct for ESG data and ratings providers, and Consumer Duty comes into force
  • The PRA publishes its Annual Report 2022/23

Isabel Stansfield

Monique Mahabir

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