Publications

The Insurance Product Information Document

Authors: Stuart Firman, Elaine Magri
Published on October 5, 2016
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Practices: Insurance & Reinsurance Corporate, Insurance & Reinsurance Regulation
On 1 August 2016, the European Insurance and Occupational Pensions Authority (“EIOPA”) published a consultation paper on Implementing Technical Standards (“ITS”) on the standardisation of the presentation of the insurance Product Information Document (the “PID”). The ITS may be accessed here. This will be provided to customers prior to conclusions of all non-life insurance lines, excluding large risks in accordance with the provisions of the Insurance Distribution Directive (the “IDD”).

External Audit of Templates of the Solvency Financial Condition Report

Authors: Stuart Firman, Tanya Causon
Published on October 3, 2016
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Practices: Insurance & Reinsurance Corporate, Insurance & Reinsurance Regulation
On 26 August 2016, the Malta Financial Services Authority (the “MFSA”) issued a consultation document proposing the introduction of external auditing requirements for certain quantitative reporting templates that will form part of the Solvency Financial Condition Report (the “SFCR”).