Rest of Europe

Insurers must consider level of resources needed for AI risk framework, says Insurance Ireland

German insurers dispute natcat recalibrations in Solvency II standard formula

Trade association GDV gives feedback on Eiopa's proposals

LMA: IT outage chaos unlikely to breach op risk impact tolerances

Matt Wood, head of technology at the Lloyd's association explains insurance implications

Cytora teams up with Gamma Risk to map out commercial property risk for insurers

AI Act implementation timeline published

Obligations for high risk systems come into force August 2026

French political uncertainty poses risks to insurers, Swiss Re warns

Rising sovereign bond yields have some benefits for insurers, but other threats could emerge

BaFin asks German insurers if they really need Solvency II transitional measures

GDV expects "vast majority" of German insurers are solid without transitionals

Andreas Schertzinger joins Axa as group chief data, AI and innovation officer

GDV renews its querying on whether SFCR documents prove their worth

German trade association recommends culling narrative sections

German insurers call for two-year moratorium on new regulations

Sustainability reporting burden should be a focus for reform, says GDV

Utmost to acquire Lombard International Assurance from Blackstone funds

Deal will expand Utmost's assets under administration by nearly two-thirds

Schroders Capital and Hannover Re unveil tokenised ILS blockchain pilot

Irish consumer code proposals under fire for distrust issues

Trade association highlights risk of increased consumer confusion and compliance costs

Wefox shareholders inject €25m amid plans to shed carrier and continue as distributor

German non-life retail insurer has been battling to avoid insolvency

Italian regulator tells life firms to "rethink product offerings" in light of surrender risk

In 2023, lapse rates jumped to levels not seen since 2011