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Summary of regulatory developments: Updates for October 2023

13 November 2023

This report reviews regulatory updates in October for life insurance companies. We note items published by the European Supervisory Authorities (ESAs), European Insurance and Occupational Pensions Authority (EIOPA), Prudential Regulation Authority (PRA), and Financial Conduct Authority (FCA). Details include: 

  • ESAs publish Joint Committee Work Programme for 2024
  • EIOPA publishes its Q&A on regulation, and a report on the impact of the current inflationary environment on European insurers
  • PRA publishes consultation paper (CP) 21/23, “The PRA’s approach to the authorization and supervision of insurance branches”
  • FCA welcomes the launch of the Transition Plan Taskforce (TPT) Disclosure Framework

Isabel Stansfield

Monique Mahabir

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