LL Surplus Lines Series (Entry 1): Blog Series Launch
Locke Lord is pleased to announce the launch of its newest blog series, the LL Surplus Lines Series!
Read MoreJurisdiction: European Union
InsurTech Weekly Roundup – March 1, 2019
While you were off changing the industry, you may have missed these important developments.
Read MoreInsurTech Weekly Roundup – February 22, 2019
While you were off changing the industry, you may have missed these important developments
Read MoreUnderwriting and Finance/Reinsurance Focused InsurTechs – Understanding Licensure and Top 3 Regulatory Issues
Happy Presidents Day! Hopefully you are on vacation and reading this a day late. However, if not, we hope this installment of InsurTech analysis serves as a nice and informative break from the rigors of your work day. This week we move further into our overview of the insurance industry for InsurTechs, we move away from the things the general public is familiar with (Distribution and Claims), and we peer into what’s behind the curtain. And despite what the Wizard of Oz says, you should definitely pay attention to what’s behind the curtain.
Read MoreLocke Lord QuickStudy: UPDATE: US and EU Negotiate Covered Agreement on Insurance and Reinsurance Regulation
As discussed in our prior QuickStudy issued on January 18, 2017, the US Federal Government and the European Union have come to an agreement on wide-ranging changes to reinsurance and establishment standards for the operation of insurance enterprises operating from one to another of these markets.
Read MoreLocke Lord’s Zach Lerner, Associate in the New York office, Co-Authors “The Privacy Shield and its Impact on U.S. Insurance Companies” for FORC Fall 2016 Edition
The EU-U.S. Privacy Shield (the “Privacy Shield”) has been promulgated through a joint effort between the United States (the “U.S.”) and the European Union (the “EU”) in order to facilitate the transfer of personal data from the EU to U.S. companies.
Read MoreEU: European Commission Announces Review of the Insurance Block Exemption Regulation
The European Commission (the Commission) has invited interested parties to contribute to its consultation on the functioning of the Insurance Block Exemption Regulation (IBER).
Read MoreEIOPA Publishes Additional Information on National General Good Provisions
EIOPA has published additional information on its General Good provisions which are intended to promote transparency for cross-border activity in accordance with Article 9 of the EIOPA Regulation. The provisions list some of the requirements that are to be observed by insurance undertakings and/or intermediaries that intend to carry on business in EU/EEA Member States, hence protecting the ‘general good’.
Read MoreSwiss Immigration EU Initiative Threatens to Jeopardise Access to Free Market
On 9 February 2014, 50.3% of Swiss voters backed an initiative calling for quotas on immigrants from the EU. The initiative was proposed by the right wing Swiss People’s Party (SVP) and has caused considerable tension between Switzerland and Brussels.
Read MoreEIOPA Publishes Good Practices for Comparison Websites
On 30 January 2014, EIOPA published its report on good practices for comparison websites (here), in response to EIOPA’s consultation on this topic. The report is concerned primarily with the activities of commercial comparison websites, as opposed to non-commercial websites run by consumer and/or industry associations or public authorities.
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