Insurance

Risk management is the DNA of insurance, and regulation defines its structure. Each product — from life and property to cyber coverage — must satisfy solvency, disclosure, and consumer-protection requirements. We assist in designing compliant distribution models, policy wording, and reinsurance arrangements that balance protection with profitability. Our involvement extends to regulatory reporting, portfolio transfers, and defence in supervisory investigations or litigation. We combine detailed statutory understanding with commercial awareness to maintain insurer stability and safeguard policyholder confidence in a highly supervised environment.

Relevant legislation:

European (EU)

• Solvency II Directive 2009/138/EC & Delegated Regs

• Insurance Distribution Directive (IDD) 2016/97/EU

• PRIIPs Regulation (EU) 1286/2014 (where applicable)

• GDPR (policyholder data);

• DORA (ICT risk where relevant)

Bulgaria

• Insurance Code

• Ordinances of the Financial Supervision Commission (FSC)

• Measures Against Money Laundering Act (certain products/distributors)