Legislation adopted at EU level has direct influence over UK laws and regulations. Therefore, it is crucial to monitor developments in the European Commission, the Parliament and the Council to ensure that Lloyd's interests are taken into consideration.
Solvency II applied to EU insurers and reinsurers from 1 January 2016.
Financial supervision in the EU looks at macro- and micro-prudential supervision at Community level.
The Insurance Mediation Directive contains requirements for EU Member States’ regulation of insurance intermediaries. The new Insurance Distribution Directive enhances this regulation, with a particular focus on practices for selling insurance products.
For general enquiries, please email: SCRReturns@lloyds.com