Insurance Regulatory Watch – February 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!
Topics
- Regulatory Change & Compliance
- Sustainability
- Risk Culture & Governance
- Financial Crime
- Data
Regulatory Change & Compliance
Focus areas : Brexit - Consumer protection – PRIIPs – Regulatory Outlook
- EIOPA consults on changes to the minimum amount of professional indemnity insurance cover and financial capacity intermediaries need under IDD
- FSMA's Guidelines on stress tests under the Money Market Funds Regulation FR or NL
- The FSMA’s treatment of whistleblower reports FR or NL
- FSMA's Opinion about deadlines and sanctions regarding the payment of claims by insurers FR or NL
- The Belgian Official Journal publishes an Act amending various provisions with a view to strengthening transparency in the second pension pillar FR or NL
Sustainability
Greenwashing | |
Green Deal | |
Climatewise | |
Risk Culture & Governance
Focus areas: Business Continuity / Operational Resilience – COVID – Culture - Governance & Risk Management - Outsourcing – Recovery & Resolution - Solvency II
- EIOPA's Supervisory Convergence plan for 2023
- EIOPA aims to strengthen oversight of third country governance arrangements with supervisory statement
- EIOPA's Risk Dashboard that points to overall resilience in insurance despite high macro and market risks
- IAIS publishes an Issues Paper on roles and functioning of Policyholder Protection Schemes
Financial Crime
Focus areas: AML/CFT - Financial Crime – Fraud
- The Belgian Official Journal publishes an Act amending the Act of 18 September 2017 on the prevention of money laundering and terrorist financing and on limiting the use of cash FR or NL
Data
Focus areas: Cyber – Data Privacy – Technology / Data / Innovation – Information and Communication Technology – Open insurance
- European Parliament introduces why new EU rules for political advertising are so important
- EIOPA moves to close data gaps by revising reporting of occupational pensions
- European Parliament has passed new laws strengthening EU cybersecurity in key sectors
- European Parliament clarifies its view on the European strategy for data
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.
