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IU
Trade & BusinessIUA

International Underwriting Association of London Limited

London, UNITED KINGDOMCompany limited by guarantee & not having a share capitalReg: 58082761985-18Since 13/07/2009

Budget

€100 — €0

EP Access

0

accredited persons

Staff

6

0.6 FTE

EU Grants

None

Mission & Goals

The IUA exists to promote and enhance the business environment for international insurance and reinsurance companies operating in or through London.

EU Legislative Interests

Application of Solvency II Equivalence of insurance jurisdictions EU/US insurance dialogue Insurance Distribution Directive General Data Protection Regulation Trade talks affecting insurance and reinsurance Environmental Liability Directive Systemically important financial institutions and resolution 'Brexit' implementation Cyber Insurance and risk Sustanability Risks Big Data Cyber Security Motor Insurance Directive IFRS17 Liability developments including insurance General Insurance Stress Testing Environmental, Societal and Governance matters Conduct Risk Insurance Guarantee Schemes Trade agreements that include financial services Corporate Governance AI Act DORA Open Finance

Interests Represented

Promotes their own interests or the collective interests of their members

Member Of

1) British Insurers' European Committee 2) Insurance Europe 3) The CityUK (Corporation of the City of London) 4) Liberalisation of Trade in Financial Services (LOTIS) Committee (now administered by TheCityUK) 5) International Union of Aviation Insurers (IUAI) 6) International Union of Marine Insurance (IUMI) 7) Global Federation of Insurance Associations 8) London Market Group (LMG)

Organisation Members

https://www.iua.co.uk/IUA_Member/About/Members/IUANew/About_the_IUA/Members.aspx?hkey=015db32b-e0fe-4371-be8a-08212e922800 There are three categories of IUA membership which are outlined below: Ordinary – denotes full membership status with voting rights and an active involvement in the governance and operation of the association. Ordinary membership is open to international and wholesale insurance and reinsurance companies that hold a license from their domiciliary regulator to transact such business. In practice, most Ordinary members tend to operate in or through London. Associate – open to insurance and reinsurance companies outside London. Associate members may attend the association’s annual general meeting, but have no voting rights. They receive a basic publication service. Affiliate – introduced in January 2003 to cater for London market organisations who are either in run-off or who provide professional services to the association’s Ordinary members. Affiliate membership confers no voting rights but offers the benefit of the IUA’s information services. Affiliate members may also, where appropriate, take part in the IUA’s committee activity.

Commissioner Meetings

No recorded meetings with EU commissioners.