Insurance Regulatory Watch – May 2023
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!
- Regulatory Change & Compliance
- Risk Culture & Governance
- Financial Crime
Regulatory Change & Compliance
Focus areas : Brexit - Consumer protection – PRIIPs – Regulatory Outlook
- Belgian Parliament – proposal concerning Article 84 Insurance Law to reduce the delay for dissolvement of the insurance policies by the insurance taker FR or NL
- ESAs draw consumers’ attention to how rises in inflation and interest rates might affect their finances
- FSMA's Cartography of the IDD activities FR or NL
- FSMA's New rules on advertisements for virtual currencies enter into force FR or NL
- Law inserting book XIX "Consumer debts" into the in the Code of Economic Law
- Publication of the FSMA's Annual Report, including the 20 future projects (spread out over 7 themes)
- Joint Committee of the ESA's - Annual Report 2022
- ESA's Consolidated questions and answers (Q&A) on the PRIIPs Key Information Document (KID)
Focus areas: Taxonomy – SFDR – CSRD – CSDDD – Sustainability preferences – Climate Risks – Greenwashing – Stress testing – ORSA – Protection Gap - ...
Risk Culture & Governance
Focus areas: Business Continuity / Operational Resilience – COVID – Culture - Governance & Risk Management - Outsourcing – Recovery & Resolution - Solvency II
- EIOPA's Risk Dashboard shows macro and market risks as top concern for insurers
- IAIS Issues Paper on Insurance Sector Operational Resilience
- ESAs launch discussion on criteria for critical ICT third-party service providers and oversight fees
- ESMA guidance on remuneration requirements - MiFID II FR or NL
- ESAs launch discussion on criteria for critical ICT third-party service providers and oversight fees in DORA.
Focus areas: AML/CFT - Financial Crime – Fraud
- No relevant information for this month
Focus areas: Cyber – Data Privacy – Technology / Data / Innovation – Information and Communication Technology – Open insurance
- No relevant information this month
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.