The MFSA has issued Insurance Rule 31 of 2013 which entered into force on 1 January, 2014. The scope of this new rule is to implement the four sets of guidelines published by EIOPA for the preparatory phase of the Solvency II regime.
News & Events
EIOPA has issued a Technical Report on Standard Formula Design and Calibration for Certain Long-Term Investments.
EIOPA has published a set of Guidelines on Complaints-Handling by Insurance Intermediaries. The Guidelines are addressed to the national competent authority in each Member State which is responsible for supervising complaints between insurance intermediaries and policyholders.
On 13 November 2013, the European Trialogue, consisting of the European Commission, the European Parliament and the Council of the EU, struck a provisional agreement that paves the way for the long awaited introduction of the Solvency II Directive.
On the 27th of September 2013, EIOPA issued final guidelines for the preparation of Solvency II. These guidelines were finalized following the public consultation period which ended on the 19th of June 2013 and following which over 4000 comments were received.
On the 27th of March 2013, the European Insurance and Occupational Pensions Authority ("EIOPA") launched a public consultation on the Guidelines issued as part of the preparation of the implementation of Solvency II.