Insurance Regulatory Watch – December 2022
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.
Topics
- Regulatory Change & Compliance
- Sustainability
- Risk Culture & Governance
- Financial Crime
- Data
Regulatory Change & Compliance
Focus areas : Brexit - Consumer protection – PRIIPs – Regulatory Outlook
- EIOPA publishes annual report on administrative sanctions and other measures under the insurance distribution directive (IDD)
- ESAs finally publish Q&A on the PRIIPs Key Information Document (KID)
- FSMA Newsletter clarifying the obligation to perform a Needs Analysis when offering insurance to replace an existing one
- EIOPA - Work Programme 2023-2025
Sustainability
Focus areas: Taxonomy – SFDR – CSRD – CSDDD – Sustainability preferences – Climate Risks – Greenwashing – Stress testing – ORSA – Protection Gap - …
- FSMA communication on the Pre-contractual information for financial products under the SFDR
- IAIS Stocktake on diversity equity and inclusion in the insurance sector
- Insurers share their views on the integration of sustainability risks in Solvency II
- 2022 IORP Climate Stress Test Report
- The Final Corporate Sustainability Reporting Directive was published in the Official Journal
- EIOPA’s dashboard identifies the European natural catastrophe insurance protection gap
- EIOPA outlines approaches to assess the prudential treatment of insurers’ sustainable assets and activities: discussion paper on the Prudential Treatment of Sustainability Risk
Risk Culture & Governance
Focus areas: Business Continuity / Operational Resilience – COVID – Culture - Governance & Risk Management - Outsourcing – Recovery & Resolution - Solvency II
- EIOPA's Financial Stability Report December 2022
- Implementation of the European Whistleblowing Directive in Belgian Law
- EIOPA publishes Supervisory Statement on inflation
- NBB's Updated fit & proper manual
- EIOPA's publishes the List of Financial Conglomerates for 2022
Financial Crime
Focus areas: AML/CFT - Financial Crime - Fraud
Data
Focus areas: Cyber – Data Privacy – Technology / Data / Innovation – 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.
