Lloyds

Regulatory Communications - May 2018

Monthly roundup of international regulatory news

India: Circular on Order of Preference Regulations

Indian regulator issues circular reiterating the need to comply with the current Indian regulations on the Order of Preference.

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Lloyd's International Trading Advice market consultancy services

Lloyd’s International Trading Advice (LITA) would like to inform market participants that, in keeping with market modernisation efforts to meet the unique and rapidly changing needs of the Lloyd’s market, the set LITA desk hours in the Underwriting Room have been discontinued.

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What's new

Crystal What's New archive

Regulatory market bulletins


China
In March 2018, the China Insurance Regulatory Commission (CIRC) merged with the banking regulator, the China Banking Regulatory Commission (CBRC), to become the China Banking and Insurance Regulatory Commission (CBIRC).

Ecuador
Change in Ecuadorian withholding tax rate on reinsurance premiums from 5.5% to 6.25% effective from 1 January 2018.

Germany
IDD has been transposed into German law and is effective from 23 February 2018.

German Financial Supervisory Authority allows coverage of ransom payments in cyber policies.

Italy
Unfair clauses in accident and health insurance policies.

Puerto Rico
Updated commercial lines non-renewal content.


 

 

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Lloyd's International Trading Advice


Primary point of contact for advice and information on Lloyd's trading status worldwide.

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For quick and easy access to Lloyd's international regulatory and taxation information visit:

www.lloyds.com/crystal

Lloyd's International Trading Advice

By appointment

+44 (0) 20 7327 6677

lita@lloyds.com