The IDD implementation taking a clearer shape: latest EIOPA publications

The Insurance Distribution Directive was published in the Official Journal of the European Union in February 2016.

It will be transposed into law of the EU Member states by 23 February 2018.
The IDD applies to a wide group of insurance and reinsurance distributors and introduces a set of extended and new requirements around the oversight, governance and distribution of insurance products.
Affected firms will need to be compliant with the requirements from that date.

Read the Flyer

Please do not hesitate to contact us.

Philip Kirkpatrick
Insurance Risk and Regulatory Leader
+41 58 792 23 61
philip.d.kirkpatrick@ch.pwc.com

Nadejda Groubnik
Insurance Regulatory &
Compliance Services
+41 58 792 24 52
nadejda.groubnik@ch.pwc.com

Robert Borja
Insurance Risk Assurance Leader
+41 58 792 29 56
robert.borja@ch.pwc.com

Release of the FINMA Circular 2017/xx “Outsourcing – banks and insurers”

The FINMA Circular 2017/xx “Outsourcing – banks and insurers” has been released for consultation and is open to comment until 31 January 2017.

It is the first FINMA Circular to regulate outsourcing by insurance companies and it aims to harmonise the regulatory requirements for outsourcing projects of banks, (re)insurance companies and securities dealers in a single circular.

Follow this link to our Insurance Hot Topic Flyer for a summary of the key points of this draft revised circular and the impact it will have on FINMA regulated institutions.

Read the Flyer

For information on this topic specific to the Banking industry, please refer to the following blogpost.

Please do not hesitate to contact us.

Philip Kirkpatrick
Insurance Risk and Regulatory Leader
+41 58 792 23 61
philip.d.kirkpatrick@ch.pwc.com

Robert Borja
Insurance Risk and Assurance Leader
+41 58 792 29 56
robert.borja@ch.pwc.com