Insurance Regulatory Watch – Ferbuary 2025
Our Insurance Regulatory Watch provides you a clear and simple overview of the latest regulatory developments and publications in the insurance sector, in the domains of Regulatory Change & Compliance, Sustainability, Risk Culture & Governance and Financial Crime at the international, European and Belgian level.
Any questions or comments, or interested in a discussion on any of these topics, just get in touch!
Topics
- Sustainability
- Risk Culture & Governance
- Financial Crime
- Data
Sustainability
Focus areas: Taxonomy – SFDR – CSRD – CSDDD – Sustainability preferences – Climate Risks – Greenwashing – Stress testing – ORSA – Protection Gap - …
- The ClimateWise Principles Independent Review 2024
- EU 'Omnibus' package proposal : Ombinus I & Omnibus II
- Insurance industry: EU 'Omnibus' package can streamline sustainable finance rules and support green transition
Risk Culture & Governance
Focus areas: Business Continuity / Operational Resilience – COVID – Culture - Governance & Risk Management - Outsourcing – Recovery & Resolution - Solvency II
- Monthly update of the symmetric adjustment of the equity capital charge for Solvency II – end-January 2025
- The ESAs provide a roadmap towards the designation of CTPPs under DORA
- EIOPA sets supervisory expectations on the deduction of foreseeable dividends from insurers’ own funds under Solvency II
- Circular NBB_2025_03 / Submission of the register of information required by DORA PDF FR or NL
- Circular NBB_2025_02 / Reporting of major ICT-related incidents and voluntary notification of significant cyber threats under DORA FR or NL
- Correction of formal elements in Annex 1 of Circular NBB_2017_10 regarding creditors' rights based on insurance FR or NL
Financial Crime
Focus areas: AML/CFT - Financial Crime – Fraud
- FATF Increased Monitoring of Jurisdictions - February 2025
- 16th package of sanctions on Russia’s war of aggression against Ukraine: EU lists additional 48 individuals and 35 entities
- FATF Recommendations: a comprehensive framework for combating money laundering, terrorist financing, and the financing of proliferation of weapons of mass destruction (amended February 2025)
- FATF updates Standards and consults on guidance to better promote financial inclusion
- FSMA has published its AMLCO Newsletter: Fighting money laundering and terrorist financing (AML/CFT) FR or NL
Data
Focus areas: DORA – GDPR – Technology / Data / Innovation (AI) – Information and Communication Technology – Open insurance
- Proposal for a Regulation on Financial Data Access Framework – Mandate for Negotiations with the European Parliament
- EDPS has published its Newsletter
The Ensur Insurance Regulatory Watch is not intended to serve as legal advice and is provided for informational purposes only. It is not intended to form the basis of any decisions and you should not rely on its content for any purposes whatsoever.
