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Solvency II Delegated Acts brought into force

European Union red tape

The Solvency II Delegated Acts were entered into force on 18 January in a move Insurance Europe has called an important step forward in the implementation of the regulatory regime.

The European Commission adopted the Delegated Acts on 10 October. They include rules for implementing, such as the valuation of assets and liabilities; how to set the level of capital and standardise

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FCA looking to address issues on claims definitions

Andrew Ruddle, the Financial Conduct Authority’s interim head of the department for insurance market analysis and policy, has said the regulator is looking at addressing issues about different claims definitions within insurance.

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