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Topics

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

Regulatory Change & Compliance

Focus areas : Brexit - Consumer protection – PRIIPs – Regulatory Outlook

• EIOPA’s consumer trends report sees progress on consumer-centric products with room for further improvement

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

• • IAIS 2023-2024 Roadmap outlines two-year workplan addressing key risks and trends in the insurance sector
  • EIOPA's Costs and Past Performance Report indicates that Insurance and Pension products rode the market rebound and offered high returns in 2021
    

Financial Crime

Focus areas: AML/CFT - Financial Crime – Fraud

• FSMA presents its quarterly dashboard on investment fraud: 'recovery room' scams continue to increase
• Circular from NBB - Periodic questionnaire on combating money laundering and terrorist financing

Data

Focus areas: Cyber – Data Privacy – Technology / Data / Innovation – Information and Communication Technology – Open insurance

• Joint ESA published a joint Thematic Report on national financial education initiatives on digitalisation, with a focus on cybersecurity, scams, and fraud

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.