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Insurance Regulatory

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Resilient since the financial crisis, the insurance sector has not escaped the regulator’s tougher, more intrusive stance. Insurers must wrestle with UK reforms such as the new Senior Insurance Managers’ Regime, whilst coping with the operational realities of the Solvency II prudential rules and the rest of the EU agenda. Long-standing concerns face the industry, including those about the role of delegated authorities and the risks in outsourcing. In personal lines, responsibility for product design and governance is a key risk for both intermediaries and insurers.

CMS supports companies with advice on all forms of retail, commercial and wholesale insurance products, as well as life, protection, pensions and investments.

CMS' team of 'highly knowledgeable insurance experts' provides 'good commercial advice, short response times and great value for money'.
Legal 500 UK, 2015

CMS specialists are closely involved with EIOPA and PRA/FCA regulatory developments - including Solvency II and its broader impact on group structures, asset treatment and related transactions. We advise brokers, life offices, general insurers and other market participants (including Lloyd’s) on a broad range of advisory, contentious and transactional assignments. Our advice covers areas such as conflicts of interest, client money, remuneration structures, IDD, products and broader governance issues, a range of insurance issues subject to thematic review by FCA, claims and complaints handling, section 166 Skilled Person appointments, investigations and enforcement.

We also have in-depth expertise on regulation that impacts the assets, investments and balance sheet of insurers, including the regulatory environment for our specialist transactional assignments such as longevity risk transfer and alternative lending.

For more information and detailed credentials, contact the Partner team, details above.

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07/06/2023
Professional Indemnity Insurance Seminar
The annual Professional Indemnity Seminar for insurance professionals is taking place on Wednesday, 7 June 2023. As usual, the event will provide an update on legal issues of interest to all PI classes...
11/10/2022
Insurance Legislation Zone
The Insurance Act 2015, Consumer Insurance (Disclosure and Representations) Act 2012 and Third Parties (Rights against Insurers) Act 2010 introduced major changes to insurance law in the UK. These include changes to the duty of fair presentation, insurers’ remedies for breach of warranty and fraudulent claims, the time within which insurance claims must be paid and a new regime for third party claims against insurers. Our Insurance Legislation Zone offers an easy to use one-stop resource, outlining the changes and providing analysis of cases decided under the new legislation.
24/03/2022
CMS Professional Indemnity Insurance Seminar
Our annual professional indemnity event for insurance professionals took place in Cannon Place on Thursday 24 March 2022. A video recording of the event is now available to watch here. As usual, the...
04/12/2017
Risk Matters: Insurance Sector Update (Winter 2017/18)
The latest edition of Risk Matters, highlighting issues impacting the insurance sector, is now available to download from our website. Highlights include an assessment of this year’s $100bn North American...
11/08/2016
Insurance issues: key issues for the insurance market - Summer 2016
Welcome to the Summer 2016 edition of Insurance Issues, our six-monthly look at key issues and developments affecting different areas of business in the insurance market. Affecting all areas, Brexit...
27/05/2016
Risk Matters: Insurance Sector Update (Spring 2016)
Welcome to the 2016 Spring edition of Risk Matters, our Insurance Sector newsletter prepared for CMS clients and contacts to keep you abreast of significant developments and issues affecting the insurance...
14/12/2015
Insurance Issues
Welcome to the December 2015 edition of Insurance Issues, our bi-annual review of key issues affecting the insurance market. In Insurance Issues we look not only at claims trends and key legal and regulatory...
22/06/2015
Insurance Issues (June 2015): Key issues for the insurance market
CMS' Insurance and Reinsurance Group has issued the June 2015 edition of Insurance Issues, a six-monthly review of key issues and claims trends for the insurance market. February saw the passing of the...
15/12/2014
Insurance Issues
IRG has issued the December 2014 edition of Insurance Issues, a six-monthly look at claims trends and key issues for the insurance market
01/12/2014
10 things every insurer should know about Central Eastern Europe
The aim of this brochure is to provide an informative introduction to the key areas of concern for an insurer when considering establishing operations in 14 jurisdictions of Central and Eastern Europe...
17/07/2014
Risk Matters: Insurance Sector newsletter Summer 2014
Risk Matters is our quarterly update on the latest themes and subjects affecting domestic and international insurance markets. Highlights from this edition include:FCA’s Thematic Review into broker...
14/07/2014
Insurance Regulatory Capability
Our insurance experts advise on the rules impacting the design, distribution, sale and claims regime for a wide variety of insurance products including most types of personal line products that are subject...