Solvency II

This fact file was first published in May 2010 and follows on from the earlier one by Tony Wiltshire. A payment protection contract is a non-investment insurance contract which has elements of a general insurance contract. Promoted benefits of a PPI contract are that a policyholder can protect his or her ability to continue to make payments due to third parties. The FSA regulates UK-based insurers and intermediaries; other European firms operating in the UK are regulated by their home country regulator ...

This fact file looks at key developments since 1996 in legal topics of particular relevance to life assurance. The Law Commission initiated a review on insurance contracts in 2006 (with a view to ultimately making amendments in this area of law) and the potential changes which may arise as a result of this review permeate much of this fact file.

Highlights: FSA finalises new framework for financial penalty-setting: FSA Treasury select committee "too big to fail": FSA speech on corporate governance: ABI Solvency II CEIOPS task force reports to liquidity premium: FOS complaints across Europe.

Highlights: FSA news and speeches: ABI Solvency II CEIOPS taskforce news: FOS complaints across Europe and news: CML data and comment...