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Insurance Regulatory Watch – May 2024

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.

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Topics

  1. Regulatory Change & Compliance
  2. Sustainability
  3. Risk Culture & Governance
  4. Financial Crime
  5. Data
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Regulatory Change & Compliance

Focus areas : Consumer Protection (IDD – POG – Value for Money) – RIS – Transparency – DORA – Regulatory Outlook

  • Publication of the law on various economic provisions (I) introducing various changes, including the “amicable debt mediation” applying to all financial products and several minor changes to the Insurance Law (e.g. privacy and duration, role of experts, subagents, etc.) FR or NL
  • Publication of the Royal Decree amending the Royal Decree of February 1, 2010 determining the specific indices referred to in Article 204, § 3, of the Insurance Act of April 4, 2014 FR or NL
  • Publication of the law amending insurance policies to address suicide attempt exclusions in non-mandatory health insurance FR or NL
  • Communication about external functions adapting the platform to register the external functions to the NBB, starting in November 2024 FR or NL
  • Insurance Europe has published its 2023-2024 Annual Report


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Sustainability

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

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Financial Crime

Focus areas: Business Continuity / Operational Resilience – COVID – Culture - Governance & Risk Management - Outsourcing – Recovery & Resolution - Solvency II

  • CTIF-CFI's annual activity report has just been published FR or NL



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Data

Focus areas: DORA – GDPR – Technology / Data / Innovation (AI) – Information and Communication Technology – Open insurance



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.

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