On September 17, the Institute for the Supervision of Insurance (IVASS) published on its website Consultation Document No. 7/2024, containing the amendments the institute intends to make to ISVAP Regulation No. 7 of July 13, 2007, concerning the accounting schemes for insurance and reinsurance companies. The Document aimed at improving the transparency and comparability of […]
The European Commission services in charge of the implementation of the Digital Markets Act (DMA) and the European Data Protection Board (EDPB) have started a close collaboration to provide clarification and guidance on the interaction between the DMA and the General Data Protection Regulation (GDPR). This strengthened dialogue between the two institutions aims to clarify […]
With Orders No. 148/2024 and No. 149/2024, IVASS has fixed the amount and modalities for the payment of the supervisory fee for the year 2014 due by intermediaries registered into the Register of Insurance and Reinsurance Intermediaries and intermediaries with legal residence in an EEA state. The amounts to be paid vary depending on whether […]
With judgment no. 2776 dated January 30, 2024, the Italian Court of Cassation once again ruled on medical malpractice liability. In the case under review, a patient died due to an intestinal perforation during a colonoscopy, which was followed by a septic infection. According to the Court of Cassation, while the patient’s pre-existing medical condition […]
In a recent report, the Organization for Economic Cooperation and Development (hereafter, “OECD”) observed that the digitization of financial services has boosted productivity. OECD studies show that a 10 percent increase in financial sector digitization corresponds to a 0.1 percent increase in productivity growth. To ensure further growth, the OECD calls for: – increase investment […]
The Financial Conduct Authority (hereafter just “FCA”), the British Supervisory Authority, intends to launch a market study into how pure protection insurance products are sold; the “pure protection” products are designed to help individuals and their families with their finances should the policyholder die or become unable to meet their financial commitments in case of […]
On 8 August, IVASS (the Italian Insurance Supervisory Authority), the Bank of Italy, and Consob (the National Commission for Companies and the Stock Exchange) announced the launch of a Task Force aimed at facilitating access to their respective ADRs (Alternative Dispute Resolution), to ensure greater protection for users. In addition to the existing resolution bodies, […]
On 21 August, ESMA (the European Securities and Markets Authority) published on its website the translation into all official EU languages of the Guidelines regarding fund names containing ESG terms, or terms related to sustainability. The purpose of the Guidelines – which will come into force on November 21st of this year – is to […]
It is noted that PG Legal has developed a total outsourcing process, allowing life insurance companies to delegate the entire procedure for consulting the PDND platform – National Register of Resident Population – to our firm, without any involvement of the company’s internal local IT systems. For further information contact Domenico Rinaldi, d.rinaldi@pglegal, Tel: 39 […]
Following the enactment of Law No. 193 of December 7, 2023, the right to be forgotten after cancer remission has become a pillar in the protection of the rights of people recovered from cancer. This new right has been the focus of recent FAQs published by the Italian Data Protection Authority on August 9, 2024; […]
