INSURANCE & REINSURANCE


Warranty & Indemnity Insurance: an increasingly popular insurance

Warranty & Indemnity Insurance: an increasingly popular insurance
25/11/2019

A warranty & indemnity (W&I) insurance covers damage resulting from breaches of warranties given in the SPA by the seller. W&I insurance has been around for many years, but it has become increasingly popular in the last few years. According to Lockton, “recent statistics suggest that over 50% of corporate real estate transactions in Europe now use W&I insurance, a large driver for this has been the adoption of a EUR 1 cap on sellers’ liability under the SPA.”

Read more
Assurance des prestataires intellectuels de la construction

Assurance des prestataires intellectuels de la construction
14/10/2019

En date du 1er juillet 2018, la loi du 31 mai 2017 imposant aux entrepreneurs, architectes et autres prestataires du secteur de la construction des travaux immobilier de souscrire une assurance obligatoire pour couvrir leur responsabilité décennale est entrée en vigueur. Pour rappel, cette loi impose aux acteurs du secteur de la construction de s’assurer en responsabilité décennale pour la construction/rénovation de bâtiments destinés au logement (lisez notre news à ce sujet ici)

Read more
Mr. Benoît Vandervelde

IDD in Belgium: new professional knowledge requirements in the insurance sector
22/07/2019

Following the implementation of the Insurance Distribution Directive in Belgium, a new Royal Decree dated 18 June 2019, implementing new rules 

Read more
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

Read more
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”).

Read more
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.

Read more
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 

Read more
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”)

Read more
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.

Read more
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.

Read more

Click here to see the ad(s)

LexGO Network