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Lloyd's Regulatory Communications February 2015 Newsletter

Thu 19 Feb 2015
Regulatory Communications
A monthly round up of UK and international regulatory news.

Final version of China Risk Oriented Solvency System (C-ROSS) announced

The China Insurance Regulatory Commission has announced the final version of the new risk-based solvency framework, China Risk Oriented Solvency System (C-ROSS).... read more

US: Cyber Risk Update

Cyber security is widely viewed in the US as an urgent legislative and regulatory issue. The topics addressed below represent a selection of recent developments of note. ... read more

Ireland: Submission of Motor Policy Data to the MIBI

Changes to the procedure for uploading policy data to the national motor insurance database held by the MIBI.... read more


What's New

What's New Archive
Latest international regulatory Market Bulletins

Lloyd's underwriters no longer permitted to write reinsurance.

Christopher Mackinnon appointed as Lloyd's General Representative.

Offshore oil platforms exempted on facultative basis.

Restrictions exist on agriculture insurance.

New compulsory class - third party liability for waste management companies.

Tax increase for individual life policies.
Consumer business underwriting criteria must be disclosed to insured.

Updated medical malpractice reporting procedure manual.
2015 list of syndicates opted out of GAREAT large risk pool. 
IPT tax increased.

Lloyd's underwriters permitted to write term life (re)insurance if less than 18 months.

Change to policy wording approval process.

Gabriel Anguiano appointed as Lloyd's General Representative.

South Africa
SASRIA cover limits increased.

US - Various States
Diligent search requirements added.

For further details access the Crystal What's New report

Lloyd's International Trading Advice

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