Regulatory

We advise on domestic and cross-border insurance regulations, conduct of business including regulation of general insurance, life assurance and reinsurance companies; insurance intermediaries; development and sale of non-life, life and investment products, taxation; drafting of distribution, agency, outsourcing and other business agreements, as well as on AML, data protection and consumer law issues.

Furthermore, we have a considerable experience in all regulatory and corporate issues affecting the start of an insurance/reinsurance business in Italy by foreign operators, where we assist clients in their regulatory relations with IVASS, the set-up of entities and branches, business models, corporate governance, regulatory compliance, requirements of approved persons, intragroup relations, special transactions (including, M&A, portfolio transfers, business reorganizations, run-off, closure of operations, etc.). The team assists also insurance companies in framing distribution channels (including bank assurance), relations with intermediaries, distance selling techniques.

We assist insurance companies in all product design issues, including relations with the Italian Stock Exchange Regulator CONSOB, periodical review of product literature, structure of innovative products with financial contents, use of technical reserves, etc. Finally, the team also assists in all matters with EIOPA and the EU.

We advise insurance and non-insurance entities on the impact of Solvency II on their business (including their non-European operations).

The team is fully integrated and supported by other external bespoke experts as regards financial services, tax or employment issues.