Business interruption insurance test case: the High Court has handed down its judgment in the Financial Conduct Authority’s (FCA). The High Court has delivered its judgment in the Financial Conduct Authority’s (FCA) test case over disputed UK Business Insurance coverage in light of the Covid-19 (coronavirus) pandemic. The Court found in favour of the arguments […]
CGPA EUROPE ITALY AND CESIA: AUTUMN AGENDA 2020 represents a pivotal year for the insurance industry and will mark an important structural change in demand, supply and the way insurance policies are distributed. The violent impact of the global health emergency is the reason why the structure of the Annual Report published by […]
IN SPAIN, CGPA EUROPE UNDERWRITING AND EL CONSEJO GENERAL (GENERAL COUNCIL OF COLLEGES OF INSURANCE INTERMEDIARIES) ENTER INTO A PARTNERSHIP FOR THE PROFESSIONAL INDEMNITY OF INSURANCE AGENTS Thanks to this partnership agreement, CGPA Europe will offer all exclusive agents who are members of El Consejo General the possibility to take out a policy covering their […]
Coronavirus Response: the European Commission welcomes ‘Best Practices’ to provide relief for consumers and businesses The Commission recently organised two roundtable meetings with stakeholders to discuss relief measures where all represented parties declared their openness to cooperation and dialogue. Over 25 organisations participated in both roundtables including from: consumer organisations, business federations and Insurance companies. […]
INSURANCE DISTRIBUTION DIRECTIVE: WHAT IMPACTS IN THE AFTERMATH OF THE NORMATIVE WAVE? THE VIEWS OF OUR EUROPEAN LAWYERS Jean-François Salphati (Salphati avocats) and Agnès Goldmic (Burguburu Blamoutier Charvet Gardel Associé) – trace the most significant points of the transposition of the Insurance Distribution Directive and its impact on insurance intermediaries in France What are […]
Technology continues to evolve, bringing new opportunities, social change and new expectations for consumers. That’s why insurance undertakings and intermediaries continue to develop and revise their business models, often in increased co-operation with third parties (e.g. BigTech companies and start-ups), bringing both beneficial innovation and a new set of emerging risks that have to be […]
Carlos Montesinos, CEO of CGPA Europe’s Underwriting Agency for Spain analyses the new obligations and responsibilities arising from the recent implementation of IDD in Spain at a conference organised by the Regional Council of Insurance Mediators’ Associations of Castilla La Mancha. In this conference, the President of the Association of Toledo, José Enrique García Mérida, […]
THE FRENCH SUPERVISORY AUTHORITY STATES THAT COVID-19 IS NOT COVERED FOR MOST POLICYHOLDERS On 6 May, the Autorité de contrôle prudentiel et de résolution (ACPR) – the French Supervisory Authority – initiated a thematic survey on Business Interruption coverage due to the pandemic crisis and its consequences: “ACPR has decided to draw up an […]
CGPA Europe Italy is back in the (virtual) classroom for the training of the Association of Insurance and Reinsurance Brokers (Associazione Italiana Brokers di Assicurazioni e Riassicurazioni, AIBA) This training is part of a collaborative relationship that began in 2015 and has been consolidated over the years through numerous initiatives. The virtual classes were led […]
FCA’s Business Interruption Test Case: proceedings have been started in the High Court On 10 June the Financial Conduct Authority (FCA) updated the information on its webpage on the High Court test case in relation to business interruption (“BI”) insurance. The coronavirus pandemic has led to widespread disruption and business closures resulting in substantial financial […]