INSURANCE & REINSURANCE


Is BREXIT a regulatory opportunity for Belgian Insurtechs and the Insurance market  as a whole?

Is BREXIT a regulatory opportunity for Belgian Insurtechs and the Insurance market as a whole?
07/05/2019

In theory, insurance services are harmonised at the EU level. Insurance companies and intermediaries alike may easily ‘passport’ their domestic licences across the entire EEA

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Belgian regulatory framework for MGAs now in force

Belgian regulatory framework for MGAs now in force
25/04/2019

On 21 November 2018 and 7 March 2019, we issued newsletters (respectively available here and here) regarding the Belgian proposal to create a new regulatory framework for managing general agents (“MGAs”) in Belgium (“Proposal”).

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Update of Belgian proposal for MGA regulatory framework

Update of Belgian proposal for MGA regulatory framework
08/03/2019

On 21 November 2018, we issued a newsletter (accessible here) regarding a draft law amending the law of 4 April 2014 on insurance, which will create a new regulatory framework for managing general agents (“MGAs”) in Belgium (“Proposal”). However, the proposed definition of “insurance underwriter” provoked reaction from the industry and further clarification was required.

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Mrs. Anne Catteau
Mrs. Sandra Lodewijckx

Transposition of IDD: a Christmas gift for the Belgian insurance sector
21/12/2018

On 20 January 2016, the European Council adopted the Insurance Distribution Directive (IDD). The purpose of this directive was to create a level playing field among the distributors of insurance products, to strengthen the confidence of customers 

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Belgian implementation of IDD now adopted

Belgian implementation of IDD now adopted
04/12/2018

On 14 November 2018, the Belgian parliament finally adopted the draft law (“Draft Law”) implementing Directive 2016/97/EU on insurance distribution (“IDD”) in Belgium. IDD repeals and replaces Directive 2002/92/EC on insurance mediation (“IMD”)

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Assurance RC dans le secteur de la construction: actualités

Assurance RC dans le secteur de la construction: actualités
27/11/2018

Dans notre actualité publiée le 17 septembre dernier, nous attirions votre attention sur le fait que la loi du 31 mai 2017 (relative à l’assurance décennale obligatoire des architectes, entrepreneurs et autres prestataires de services dans le secteur de la construction) était entrée en vigueur le 1er juillet 2018.

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Belgian implementation of IDD coming soon

Belgian implementation of IDD coming soon
21/11/2018

On 4 October 2018, the Belgian government finally submitted its draft law (“Draft Law”) implementing Directive 2016/97/EU on insurance distribution (“IDD”) in Belgium.

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Mrs. Anne Catteau
Mrs. Sandra Lodewijckx

IDD: final vote of the transposition Act
20/11/2018

On 20 January 2016, the European Council adopted the Insurance Distribution Directive (IDD). The purpose of this directive was to create a level playing field among the distributors of insurance products, to strengthen the confidence of customers

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Life insurance contracts to be listed at Central Point of Contact

Life insurance contracts to be listed at Central Point of Contact
29/10/2018

The Central Point of Contact (“CPC”), which is held by the National Bank of Belgium, is a register of bank accounts and financial contracts.

At present, the CPC includes information about bank accounts held in Belgium by both resident and non-resident natural and legal persons, and about bank accounts held abroad by Belgian resident natural persons.

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Mrs. Anne Catteau
Mrs. Sandra Lodewijckx

Which consequences for the delayed transposition of IDD into Belgian law?
02/10/2018

On 20 January 2016, the European Council adopted the Insurance Distribution Directive (IDD). The purpose of this directive was to create a level playing field among the distributors of insurance products, t

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