We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies. Close

Cloud cover – EIOPA Guidelines on Cloud Outsourcing

Compliance Monitor

Cloud cover – EIOPA Guidelines on Cloud Outsourcing

New European rules on cloud outsourcing byinsurance undertakings, along with the UK’s imminent final withdrawal from theEU, raise concerns about fragmentation of regulatory standards. Charlotte Hill and Clare Reynolds examine the requirements under the EIOPA CloudGuidelines and the impact they will have on insurance undertakings’ use ofcloud.

From 1 January 2021, EIOPA’s guidance oncloud outsourcing will impose additional requirements on the use of cloudcomputing by EU insurance undertakings. However, divergent approaches by theFinancial Conduct Authority and Prudential Regulation Authority, as well as theUnited Kingdom’s departure from the European Union, mean that EU insurancecompanies with operations in the UK will face multiple and overlappingstandards.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, please enter your details below to log in.

Enter your email address to log in as a user on your corporate account.
Remember me on this computer

Not yet an i-law subscriber?

Devices

Request a trial Find out more