Intro -- Preface -- AIDA Europe -- Contents -- Part I: The System of Governance of Insurance Undertakings -- Corporate Governance and the So-Called `Four-Eyes Principle� -- 1 The Corporate Governance Structure -- 2 The Board-Senior Managers Relationship -- 3 The So-Called `Four-Eyes Principle� -- 4 The Persons Who Effectively Run the Undertaking -- 4.1 In Italy and in France -- 4.2 In Spain and the United Kingdom -- References -- The Risk Management System, the Risk Culture and the Duties of the Insurers� Directors -- 1 Introduction -- 2 Aim and Research Questions -- 3 The Perimeter of the Risk Management System and the Persons Who Are Responsible for Its Functioning -- 4 Identifying Risk and Managing It -- 5 Importance of Performing and Communicating a Risk Culture Diagnostic -- 6 Conclusion -- References -- The Role of the Compliance Function in the Process of Managing the Risk of Non-Compliance in an Insurance Undertaking -- 1 Introduction -- 2 The Compliance Function in an Insurance Undertaking in the Light of Polish and European Insurance Law and Polish Supervisory... -- 2.1 European Insurance Law -- 2.2 Polish Insurance Law and Supervisory Practice -- 3 Organisation and Tasks of the Compliance Function in the Insurance Undertaking -- 3.1 Tasks and Structure -- 3.2 Responsibility for Irregularities of the Compliance Function -- 3.3 Role of the Compliance Function -- 3.4 Selected Models of Compliance Functions in European Insurance Undertakings -- 3.4.1 PZU Group -- 3.4.2 Generali Group -- 3.4.3 Allianz Group -- 4 Management of the Risk of Non-Compliance in an Insurance Undertaking on the Example of Solutions Existing in Poland -- 4.1 Identification of the Risk of Non-Compliance -- 4.2 Assessment of the Risk of Non-Compliance -- 4.3 Control of the Risk of Non-Compliance -- 4.4 Risk Monitoring.

4.5 Reporting to the Management Board and the Supervisory Board -- 5 Conclusions -- References -- List of Documents -- Insurance Outsourcing: A Legal Analysis -- 1 Introduction -- 2 Definitions of Outsourcing -- 3 Outsourcing Types -- 4 Outsourcing Management -- 5 Legal Aspects of the Outsourcing Contract -- 6 Outsourcing in Insurance Activities -- 6.1 The Legal Regime and the Scope of Financial Outsourcing Under the Solvency II Directive -- 6.2 Outsourcing Rules Applicable to Insurance Undertakings Under the Delegated Regulation -- 6.3 EIOPA -- 6.4 Insurance Outsourcing in Polish Law -- 6.5 Outsourcing and Insurance Intermediation -- 7 EIOPA Guidelines on Outsourcing to Cloud Service Providers-Note -- 8 Final Conclusions -- References -- Remuneration Policies of Insurance Undertakings in Europe: Principles for a Deeply Heterogeneous Reality -- 1 Introduction -- 2 European Regulatory and Supervisory Framework for Remuneration Policies in Insurance Undertakings -- 2.1 European Principles Relating Remuneration Policy and Practices in the Insurance Sector -- 2.2 EIOPA�s Perspective on Remuneration in the Insurance Industry -- 2.2.1 Scope -- 2.2.2 Developed Aspects -- 3 Regulatory Framework of Remuneration Policies and Practices in the Banking Sector: Means for Improvement in the Insurance an... -- 3.1 Means for Improvement in the Insurance Sector -- 3.2 A Forward-Looking Approach to Supervision in the Financial Sector as a Whole -- 4 Implementation of European Provisions: Interplay with National Corporate Law -- 4.1 Listed Insurance Companies -- 4.2 National Corporate Law and Implementation Measurements of the Specific Insurance Provisions Towards Remuneration -- 4.2.1 Belgium -- 4.2.2 Germany -- 4.2.3 Italy -- 4.2.4 Spain -- 5 Conclusion -- References -- Corporate Governance Standards for Insurers in Singapore.

1 Introduction: Unique Challenges to Singapore -- 2 Corporate Governance Regimes for Insurers in Singapore: The Two Perspectives -- 2.1 Corporate Governance and Agency Costs for Insurers -- 2.2 Corporate Governance and Regulatory Compliance -- 2.3 Corporate Governance Standards for Insurers Under Singapore Law -- 3 Reflection: Challenges to Singapore as an Insurance Hub -- 3.1 Corporate Governance Practices of Selected Insurers in Singapore -- 3.2 Reflection on the Corporate Governance Standards -- 3.3 Effectiveness of Corporate Governance Regimes in Regulatory Compliance -- 4 Conclusion -- References -- Statutes and Regulations in Singapore -- Part II: Insurance Business and Corporate Law -- Recovery and Resolution of Insurance Companies and Director�s Duties -- 1 Introduction -- 2 State of Play in Insurance -- 3 International and European Context -- 3.1 Financial Stability Board -- 3.2 International Association of Insurance Supervisors -- 3.3 European Context -- 3.4 EIOPA Opinion on the 2020 Review of Solvency II -- 4 A European Recovery and Resolution Framework -- 4.1 Preparatory Measures and Corporate Governance Rules -- 4.1.1 Pre-emptive Measures with Respect to Recovery -- 4.1.2 Pre-emptive Resolution Planning -- 5 Triggers to Place an Insurer or Reinsurer in Resolution and Director�s Duties -- 5.1 Triggers for the Entry Into Recovery and Preventive Measures -- 5.2 Preventive Measures -- 6 Resolution Objectives -- 7 Bail-in Tool in Insurance -- 8 Concluding Remarks -- References -- Restructuring, Winding-Up and Portfolio Transfer of Insurance Companies in Distress -- 1 Introduction -- 2 Restructuring of Insurance Companies Under Company Law -- 2.1 Mergers and Acquisitions and Schemes of Arrangement -- 2.1.1 The Contractual Basis for Reorganisation -- 2.1.2 Schemes of Arrangement -- 2.2 Cross-Border Mergers.

2.2.1 The Directive on Cross-Border Mergers of Limited Liability Companies -- 2.2.2 The Companies (Cross-Border Mergers) Regulations 2007 (No. 2974) -- 2.2.3 The Effect of Brexit -- 2.3 Further Considerations -- 2.3.1 Administration -- 2.3.2 Winding-Up -- 2.3.3 Director�s Duties -- 3 Restructuring of Insurance Companies Under Insurance Law -- 3.1 Insurance Portfolio Transfers -- 3.2 Insurance Portfolio Transfers (Solvency II) -- 3.3 Winding-Up (Solvency II) -- 3.4 Reorganisation Measures (Solvency II) -- 4 Greek Case Study: Aspis Pronia -- 4.1 The Legal Framework -- 4.2 The Case of Aspis Pronia -- 5 Conclusions -- References -- Insurance in MandA Transactions -- 1 Introduction -- 2 Contractual Solutions -- 3 Transactional Insurance -- 3.1 Representations and Warranties Insurance -- 3.2 Tax Liability Insurance -- 3.3 Litigation Buyout Insurance and Contingent Liability Insurance -- 4 Transactional Insurance in MandA Contracting -- 5 Conclusion -- References -- The Algorithmic Future of Insurance Supervision in the EU: A Reality Check -- 1 Introduction -- 2 EIOPA, Its Operating Environment and How EU Principles of Administrative Law Shape Its SupTech Mission -- 2.1 The Conferred Powers Principle -- 2.2 The Subsidiarity Principle -- 2.3 The Proportionality Principle -- 2.4 The Meroni Doctrine -- 3 The EIOPA�s Recent Initiatives for the Digital Transformation of Insurance Supervision: An Incomplete Agenda? -- 3.1 Introduction -- 3.2 Origins of EIOPA�s SupTech Strategy -- 3.3 Summary -- 4 A Reality Check: What Would It Take to Set Up a Digital System of Regulatory Reporting? -- 4.1 Mapping the Extent of Sophistication of the Technology That Will Be Required for a System of Digital Reporting -- 4.2 The Limited Translatability of the EU Legal Content Into Instructions that Can Be Read and Executed by Machines.

4.3 The Architecture of Regulatory Reporting and Issues of Governance -- 5 Conclusion -- References -- Financial Reporting in Insurance and International Financial Reporting Standards -- 1 Introduction -- 2 The Evolution of the International Financial Reporting Standards -- 3 Evolution of Accounting Rules and Financial Statements for Insurance Companies -- 4 Financial Stability and the Insurance Sector -- 5 Conclusion -- References -- Recent Directions in the Regulation of Insurance Claims Handling in the United Kingdom and Australia: A Model for Other Jurisd... -- 1 Introduction -- 2 International Standards for Regulating the Handling of Insurance Claims -- 3 The Regulation of Insurance Claims Handling in the United Kingdom -- 4 The Evolution of the Australian Legal Framework Relating to Insurance Claims Handling -- 4.1 Australian Insurance Contract Law Relating to Claims Handling -- 4.2 The Powers of the Australian Insurance Industry Regulators -- 4.3 Reviews of Insurance Claims Handling Practices by Australian Regulators -- 5 The 2019 FSRC: Key Findings and Reform Recommendations -- 5.1 FSRC Findings in Relation to Insurance Claims Handling and ASIC�s Enforcement Practices -- 5.2 FSRC Reform Recommendations -- 5.2.1 Making Insurance Claims Handling a Financial Service -- 5.2.2 Making Industry Codes Legally Enforceable -- 5.2.3 Extension of the Unfair Contract Terms Regime to Insurance Contracts -- 6 Conclusion and Key Lessons for Other Jurisdictions Considering Similar Regulatory Reforms -- References -- Legislation -- Bills and Explanatory Memoranda -- Cases -- Policy Statements and Regulatory Guidelines -- Other Rules -- Memoranda of Understanding -- Official Reports -- Regulatory Reports -- Industry Codes of Practice -- International Principles -- Media Releases -- Media Reports -- Website Links -- Books -- Chapters -- Journal Articles.

Business Registration Data as the Best Vehicle to Achieve KYC and AML for Business.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2023. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.