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Insurance regulatory law is the body of statutory law, administrative regulations and jurisprudence that governs and regulates the insurance industry and those engaged in the business of insurance.
30 kwi 2024 · Insurance regulation. Common rules to facilitate the activities of insurance companies across the EU, ensure that they can survive in difficult times, and protect policyholders. What the EU is doing and why. Insurance policies play an important role in the lives of the majority of European citizens.
10 wrz 2024 · 1. Know the reference regulations for the insurance industry in Europe. 2. Explain the functioning and the features of European regulatory instruments. 3. Illustrate the main issues governed by regulations at a European level (four macro-areas).
This Chapter examines the regulatory regime for insurance. It begins with an overview of the peculiar nature of insurance and the rationales for its regulation, along with a history of insurance market integration in the EU.
The book deals with diverse topics–typically neglected by scholars in the insurance sector–such as governance, risk management and control systems inside insurance companies, in particular in the light of the regulatory developments of the sector.
Regulators and supervisory bodies enhance consumer protection by enforcing laws that require insurers to maintain adequate reserves, ensuring they can fulfill claims obligations. They also regulate licensing, which guarantees that only financially sound companies can operate.
Regulators and oversight bodies are organizations or agencies responsible for supervising and enforcing laws, rules, and standards within the insurance industry.
