Insurance Regulation in the European Union

Pierpaolo Marano is Professor of Insurance Law in the Faculty of Banking, Finance and Insurance at the Catholic University of the Sacred Heart, Milan, Italy. A widely-sought writer and speaker on insurance law and regulation, he served as an academic member of the EIOPA Insurance and Reinsurance Stakeholder Group in 2012/13, and the EIOPA Occupational Pensions Stakeholder Group in 2013/2016. Pierpaolo is also the Chairman of the Working Party on the Distribution of Insurance Products at the International Insurance Law Association (AIDA).Michele Siri is Professor of EU Insurance and Financial Markets Law in the Department of Law at the University of Genoa, Italy, where he also teaches business and company law. He has fulfilled independent director roles for boards of insurance and financial companies. Michele is an expert in corporate governance issues and an independent consultant on the projects of reviewing the architecture of corporate governance of Italian insurance firms. He is also an academic member of the European Corporate Governance Institute (ECGI).

• Chapter 1: Introduction.- Chapter 2: Sources and Tools of the Insurance Regulation in the European Union.- Chapter 3: Changing Insurance Contract Law: an Age-Old, Slow and Unfinished Story.- Chapter 4: The Insurance Distribution Directive: What does it change for intermediaries? And for others?.- Chapter 5: The Potential Effects of Brexit on Insurance Regulation in the UK.- Chapter 6: Solvency II in the UK: Evolution Rather than Revolution.- Chapter 7: Corporate Governance of Insurance Firms After Solvency II.- Chapter 8: The Impact of Solvency II and Relevant Implementing Measures on the Insurance Firm’s Risk Management Maturity.- Chapter 9: Insurance Group Supervision in the European Union.- Chapter 10: Actuarial Improvements of Standard Formula for Non-Life Underwriting Risk.- Chapter 11: Risk Factors Contributions and Capital Allocation in Life Insurance in the Solvency II Framework.- Chapter 12: Solvency II: the Supervisory Reporting and Market Disclosure.- Chapter 13: How the NewAccounting Standards Cross Solvency II.- Chapter 14: Solvency II: Reasonable Expectations.- Chapter 15: Why Insurance Regulation is Crucial for Long-term Investment and Economic Growth.- Chapter 16: Life Insurance and Bancassurance after Solvency II: A Market and Management Perspective.- Chapter 17: Embracing Change – the regulatory evolution of Captive Insurance Companies.