A Practitioner's Guide to the Regulation of Insurance 4th ed

This fully revised title examines the UK and European regulatory regimes and their impact on the insurance industry, providing practical advice for compliance officers and professional advisers. It covers all aspects of the life and non-life insurance industries, from establishment, authorisation and ownership to conduct of business and financial supervision.

This new edition addresses the advent of the Solvency 2 Directive, which is a fundamental review of the capital adequacy regime for the European insurance industry, and the new UK regulatory architecture which replaces the FSA with separate bodies overseeing prudential regulation (PRA) and conduct of business (CPMA).

• Gives a complete overview of the insurance industry regulatory landscape following the far-reaching changes currently underway
• Covers the authorisation of UK, EU and overseas insurance companies
• Gives detailed guidance on establishment of branches and cross-border issues
• Covers both life and non-life insurance
• Includes full coverage of Solvency 2 and the implications of the new capital adequacy requirements
• Gives guidance on the regulation of reinsurance business and the Reinsurance Directive
• Covers friendly societies and specific issues affecting particular types of insurance (eg. motor insurance)