Generative AI is no longer a distant experiment for Europe’s insurers, but it’s also not something they’re rolling out recklessly. A new market-wide survey from European Insurance and Occupational Pensions Authority paints a picture of rapid uptake paired with notable restraint, as firms weigh efficiency gains against new operational, regulatory, and governance risks.
Italy’s competition authority has opened an investigation into fashion brand Harmont & Blaine, alleging the company may have crossed the line in how it referenced the Milan-Cortina 2026 Olympic and Paralympic Winter Games in its marketing.
The Portuguese Insurance and Pension Funds Supervisory Authority (ASF) has released the third edition of its Annual Report on Climate Risk Exposure, offering a grounded look at how climate transition and physical risks are shaping Portugal’s insurance and pension fund sectors. Developed throughout 2025 with data referenced to year-end 2024, the report shows that investment portfolios are gradually aligning with the climate transition, while the value of assets exposed to floods and wildfires continues to rise.
Two recent guilty pleas by former employees of TD Bank have drawn renewed attention to the role insider access can play in facilitating financial crime — particularly when combined with weaknesses in transaction monitoring, escalation, and account oversight.
A new study published by the Autorité des Marchés Financiers (AMF) finds that 90 percent of French financial market participants are already using AI or plan to do so within the next 12 months. More than half of those use cases are already live in production environments. Yet as adoption accelerates, the regulator is increasingly focused on the governance, data protection, and human oversight risks that come with embedding AI into core financial operations.
Poland’s consumer protection authority has fined PKO Bank Polski nearly $19.9 million (PLN 79,291,800) after concluding that the bank used contract language that gave it sweeping control over changes to consumer loan interest rates, with little clarity for borrowers on when or why costs could increase. The nearly $19.9 million (PLN 79,291,800) fine reflects both the duration of the practice and the scale of the bank’s consumer business, according to the regulator.
South Korea’s competition regulator has taken enforcement action against BRKorea Co., finding that the company pushed through nationwide promotional campaigns that required franchisees to share costs without first securing the legally required level of approval.