The Financial Stability Board has published the Global Monitoring Report on Non-Bank Financial Intermediation (NBFI), which analyzes developments in the sector recorded in 2021. The Report describes general Financial Intermediation trends in 29 jurisdictions which account for around 80% of global GDP, focusing attention on NBFI activities that may be more likely to create vulnerabilities. […]
Foreign investors planning to purchase a farmhouse with agricultural property in Italy (such as country houses with vineyards or olive trees) may avail themselves of a special regime offering significant tax advantages and financial benefits and incentives, both at the moment of purchasing the land and when running it thereafter. In more specific terms, this […]
With the judgments of the Lazio Regional Administrative Court (TAR Lazio) no. 897/2023 (SNA – National Union of Insurance Agents vs. IVASS) and no. 10656/2022 (U.A.A – Union of Axa Agents and G.A.Z – Zurich Group of Agents vs. IVASS), the Preventivass case has been partially settled. Preventivass is a Web App developed with the […]
IVASS has launched a new series of statistical bulletins aimed at reporting some relevant trends in the Italian insurance market. The first bulletin focuses on the main indicators set out in the Solvency II. In particular, the most relevant information included into the first Bulletin are that: The average solvency ratio fell down to 247% […]
On the occasion of the first day of the Monaco Symposium on Luxury organized by the International University of Monaco taking place in the Principality of Monaco from April 4 to 6, 2023, we attended a very interesting event named “New Forms of Luxury… For a Better Tomorrow”. The speakers included Carlo Moltrasio of Bain […]
By Order No. 70 of March 9, 2023, the Italian Data Protection Authority approved the Code of Conduct for Telemarketing and Teleselling Activities (hence also referred to as the “Code” or the “Conduct Code”). The Privacy Authority has assessed that the draft of the Code of Conduct, which was submitted by a number of associations […]
The Actuarial Association of Europe – AAE – has published a discussion paper on artificial intelligence and the challenges that the increasing spread of technological innovation brings to the insurability of risks. Insurability depends on the ability to assess the risks faced by the policyholders. Policyholders share the same risks: each one pays a premium that corresponds […]
The report of the preliminary technical assessment can be used against the insurance Company that did not participate in the proceedings and was then called upon to indemnify by the Local Health Authority (“Asl”) and the medical doctor in a professional liability dispute. The document can be filed in the judgement on the merits and […]
With Decision no. 5475 of 22 February 2023, the Supreme Court of Cassazione has dealt again with the issue of joined liability as well as the power of the Judge to proceed with gradation of the respective shares of liability. Furthermore, the Supreme Court also addressed the issue of the dies a quo from which […]
EIOPA launched a consultation – pursuant to the Insurance Distribution Directive (IDD) – on the draft of the amendment to the Regulatory Technical Standards (RTS) for the adjustment of the basic amounts for professional indemnity insurance (PII) and for the financial capacity of insurance intermediaries. Pursuant to the IDD changes to the minimum amounts of […]
