Overview

This insurance updater by Norton Rose highlights key legislative and regulatory developments in Europe, and reviews court judgments and insurance market publications.

It covers the following topics:

• FSA issues consultation on proposals to create an Employers’ Liability Tracing Office
• FSA publishes statement on ‘have read and understood’ declarations in consumer agreements
• Commission issue draft call for advice on third country equivalence
• CEIOPS publish report on standardised scenarios for the catastrophe risk module in the Solvency II SCR standard formula
• Italy - New Italian regulation on transparency poses a threat to CPI business
• Italy - Implementation of new distance marketing regulations postponed
• Italy - ISVAP clarifies withdrawal rules regarding multi-year policies.

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