Insurance Regulatory Watch – March 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
- Regulatory Change & Compliance
- Sustainability
- Risk Culture & Governance
- Financial Crime
- Data
Regulatory Change & Compliance
Focus areas: Consumer Protection (IDD – POG – Value for Money) – RIS – Transparency – Regulatory Outlook
Sustainability
Focus areas: Taxonomy – SFDR – CSRD – CSDDD – Sustainability preferences – Climate Risks – Greenwashing – Stress testing – ORSA – Protection Gap - …
- Commission notice on the interpretation and implementation of EU taxonomy delegated act
- CDP and EFRAG publish correspondence mapping between CDP question bank and European Sustainability Reporting Standard E1
- Integration of climate-related risks in insurance regulatory capital frameworks: 2024 survey findings
Risk Culture & Governance
Focus areas: Business Continuity / Operational Resilience – COVID – Culture - Governance & Risk Management - Outsourcing – Recovery & Resolution - Solvency II
- EIOPA publishes recommended actions and best practices after peer review on stochastic valuation
- Qualitative Documents to be Submitted by SMA/VMOB and Designated Auditors During 2025 (Communication 2025/A/02/D1) FR or NL
- The ESAs call for vigilance amid rising geopolitical and cyber risks
- EIOPA publishes the Ultimate Forward Rate (UFR) for 2026
- Insurance Europe urges the EU to simplify the Retail Investment Strategy
Financial Crime
Focus areas: AML/CFT - Financial Crime – Fraud
- Circular NBB_2025_04 / Periodic questionnaires on the prevention of money laundering and terrorist financing FR or NL
- EU imposes sanctions on individuals and entities in the DRC, Rwanda, and Terrorist Groups: M23, RDF, Al Azaim Media Foundation, and Other Related Listings (Council Decisions 2025/391, 2025/335, 2025/514, 2025/437, 2025/388, 2025/406, 2025/385, and Commission Implementing Regulation (EU) 2025/445)
- The EBA consults on new rules related to the anti- money laundering and countering the financing of terrorism package
Data
Focus areas: DORA – GDPR – Technology / Data / Innovation (AI) – Information and Communication Technology – Open insurance
- CEF 2025: Launch of coordinated enforcement on the right to erasure
- 2020 - 2024 EDPS Mandate Review: Shaping a Safer Digital Future
- Corrigendum to Regulation (EU) 2023/2131 of the European Parliament and of the Council of 4 October 2023 amending Regulation (EU) 2018/1727 of the European Parliament and of the Council and Council Decision 2005/671/JHA, as regards digital information exchange in terrorism cases
- EDPB Document Setting Forth a Co-Operation procedure for the approval of Binding Corporate Rules for controllers and processors
- The ESAs acknowledge the European Commission's amendments to the technical standard on subcontracting under the Digital Operational Resilience Act
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.
