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News
UK Sets Out Rules to Create Captive Insurance Regime
1+ mon, 4+ week ago (177+ words) The UK has proposed rules to help encourage a potential new insurance market worth billions of pounds as part of a drive to boost competitiveness. The Bank of England and the Financial Conduct Authority laid out plans for a captive…...
Resolution Life strikes UK pension risk transfer deal
2+ mon, 4+ day ago (150+ words) Bermudian-based Resolution Life has entered into a new UK pension risk transfer with a leading British insurer. This transaction, Resolution’s fourth in two months following three recent deals in Asia, builds on the strong momentum established this year. Rushabh Ranavat,…...
Reviewing Risk Commissions in Australia
2+ mon, 6+ day ago (302+ words) While RiskinfoNZ’s latest poll result finds a majority of New Zealand financial advisers don’t agree with the FMA focus on monitoring the advice sector regarding conflicts arising from risk commission structures, Australian advisers seem very keen indeed that their Government…...
Scam losses cluster at the life moments insurers cover
2+ mon, 6+ day ago (143+ words) Read next: Cyber’s most passionate advocates are gathering on a pier this July Read next: Highly significant cyber incidents return after five years For personal-lines insurers, the 35-to-44 finding places the peak-exposure group at the very point of buying the…...
SEC Could Give More Life and Annuity Products Their Own Registration Forms
2+ mon, 2+ week ago (78+ words) ThinkAdvisor SEC Could Give More Life and Annuity Products Their Own Registration Forms What You Need To Know - An Iowa lawmaker is trying to simplify life and annuity securities filings. - The CLEAR Forms Act bill would create a new registration…...
Are UK insurers ready for the PRA's solvent exit deadline?
2+ mon, 3+ week ago (837+ words) UK insurers have less than two weeks to demonstrate they can exit the market in an orderly, solvent manner before the Prudential Regulation Authority's (PRA) new solvent exit planning regime comes into force. The framework, set out in Policy Statement…...
Life Division complaints rise 18.8% as funeral disputes dominate
3+ mon, 1+ day ago (567+ words) Funeral benefits remained the biggest source of complaints in the National Financial Ombud Scheme’s Life Division in 2025, accounting for 46.23% of formal cases closed. Life policies accounted for 33.92% of formal cases closed, followed by disability at 7.43%. According to NFO’s annual report,…...
PRA takes action on UK insurers' use of funded reinsurance
4+ mon, 1+ week ago (478+ words) The Bank of England regulates and supervises insurers through the PRA. Credit: iStock The plans – set out in a consultation published today (29 April) – would see funded reinsurance being treated more like other investments that UK life insurers hold, ending what…...
BoE cracks down on insurers’ offshore pension transfers
4+ mon, 1+ week ago (72+ words) Insurance Nerds BoE cracks down on insurers’ offshore pension transfers BoE Adjusts Capital Rules for Insurers' Offshore Pension Transfers The Bank of England (BoE) is set to change the capital rules regarding "funded reinsurance" in response to concerns that the…...
Insurers call on EU leaders for a genuine simplification package for financial services: Insurance Europe
5+ mon, 3+ week ago (176+ words) 18th March 2026 - Author: Beth Musselwhite - Ahead of the March European Council, insurers have called on EU leaders to deliver a genuine simplification package for financial services, including a Financial Services Omnibus, that achieves visible and measurable reductions in regulatory burdens, according…...