International Underwriting Association of London Limited
Acronym: IUA
General Information
Identification Code: 58082761985-18
Website: [object Object]
Entity Form: Company limited by guarantee & not having a share capital
Registration Category: Trade and business associations
Registration Date: 7/13/2009
Last Update: 2/20/2024
EP Accredited Number: 0
Mission & Interests
Goals: The IUA exists to promote and enhance the business environment for international insurance and reinsurance companies operating in or through London.
Interests Represented: Promotes their own interests or the collective interests of their members
Interests:
- Banking and financial services
- Business and industry
- Climate action
- Competition
- Consumers
- Digital economy and society
- Economy, finance and the euro
- Employment and social affairs
- Energy
- Environment
- External relations
- Foreign affairs and security policy
- Institutional affairs
- International co-operation and development
- Justice and fundamental rights
- Regional policy
- Research and innovation
- Taxation
- Trade
- Trans-European Networks
- Transport
Levels of Interest:
- national
- global
- european
Activities
Main EU Legislative Proposals: 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
Inter-institutional or Unofficial Groupings: N/A
Head Office
Address: 8th Floor, 1 Minster CourtMincing Lane
Post Code: EC3R 7AA
City: London
Country: UNITED KINGDOM
Phone: [object Object]
EU Office
Address: 8th Floor, 1 Minster CourtMincing Lane
Post Code: EC3R 7AA
City: London
Country: UNITED KINGDOM
Phone: [object Object]
Financial Data
New Organisation: false
Closed Year: [object Object]
Current Year: [object Object]
Membership Information
Members10 Percent: 6
Members25 Percent: 0
Members50 Percent: 0
Members75 Percent: 0
Members: 6
Members F T E: 0.6000000238418579
Info Members: A number of persons are involved in relevant work, but none on a full-time basis. The EU-related work would amount to that of one person half-time-equivalent.
Structure
Structure Type: Structure
Is Member Of: 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.
Organisation Members: 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)