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  • Article

    Implementation Of IDD: Impact On Insurance And Reinsurance Distributors And Better Protection For Policyholders

    On 22nd August 2018, the law of 10th August 2018 (implementing the EU Directive 2016/97 of the European Parliament and of the Council of 20 January 2016 on insurance distribution
    LuxembourgInsurance
    Arendt & Medernach
    Arendt & Medernach
  • Article

    Benelux Regulators To Apply EIOPA Guidelines On Outsourcing To Cloud Service Providers

    On 24 April 2020, EIOPA issued new guidelines on outsourcing to cloud service providers which apply to insurance and reinsurance undertakings, supplementing the general regulatory framework based on the Solvency II Directive ...
    European UnionEmployment and HR
    NautaDutilh Avocats Luxembourg
    NautaDutilh Avocats Luxembourg
  • Article

    Les Captives De Réassurance Au Grand-Duché De Luxembourg Et Leurs Nouveaux Défis

    Le Grand-Duché de Luxembourg a favorisé l’émergence de captives de réassurance en permettant la constitution d’une réserve fiscalement déductible.
    LuxembourgInsurance
    Wildgen
    Wildgen
  • Article

    CAA Information Note On Prudential On-site Inspections

    On 29 January 2024, the Commissariat aux Assurances (CAA) published Information Note 24/3 (Note), which summarises the outcomes of prudential on-site inspections that the CAA conducted in 2021 and 2022.
    LuxembourgInsurance
    Arendt & Medernach
    Arendt & Medernach
  • Article

    Insurance And Reinsurance Intermediaries – Time To Assign For The Legal Entity Identifier

    On 5 July 2022, the Commissariat aux Assurances (CAA) issued Circular Letter 22/13 on EIOPA's revised guidance on the use of the Legal Entity Identifier (LEI) by insurance and reinsurance intermediaries and insurance intermediaries.
    LuxembourgInsurance
    Arendt & Medernach
    Arendt & Medernach
  • Article

    LEI Codes For Professionals Of The Insurance Sector – CAA Call For Compliance

    On 13 December 2022, the Commissariat aux Assurances ("CAA") published Circular Letter 22/19 on use of the Legal Entity Identifier ("LEI") by "Professionals of the Insurance Sector" ("Circular 22/19")...
    LuxembourgInsurance
    Arendt & Medernach
    Arendt & Medernach
  • Article

    New Circular Letter Of The Commissariat Aux Assurances On The Technical Bases For Life Insurance

    According to Article 4 b) of Commissariat aux Assurances (CAA) Regulation No 15/03 of 7 December 2015 on insurance and reinsurance undertakings, as amended, Luxembourg insurance companies...
    LuxembourgInsurance
    Arendt & Medernach
    Arendt & Medernach
  • Article

    Dates Of Entry Into Force Of Requirements Regarding Client Sustainability Preferences In MiFID Context

    On 2 August 2022, the CSSF released a Communiqué on the application of MiFID rules to sustainability and more specifically to the consideration of the requirements relating...
    LuxembourgFinance and Banking
    CMS Luxembourg
    CMS Luxembourg
  • Article

    Update On Outsourcing Of Important Or Critical Activities In The Insurance Sector

    On 19 August 2022, the Commissariat aux Assurances (the "CAA") published Circular Letter 22/16 ("Circular 22/16"), which clarifies the regulatory requirements that are applicable to the outsourcing...
    LuxembourgInsurance
    Arendt & Medernach
    Arendt & Medernach
  • Article

    ESG In The Insurance Sector - Update On Climate Change Materiality Assessments And Climate Change Scenarios In The ORSA

    The Application Guidance follows up on the Opinion on the supervision of the use of climate change risk scenarios in the ORSA (the "Opinion") that EIOPA published in April 2021.
    LuxembourgInsurance
    Arendt & Medernach
    Arendt & Medernach
  • Article

    Outcome Of CAA Review - Questionnaire On Capital Requirement Evaluation For Premium And Reserve Risks In Non-Life And Similar To Non-life Health Insurance

    On 10 October 2023, the Commissariat Aux Assurances (CAA) published Information Note 23/8 on the outcome of its review of the questionnaire on evaluating the capital requirement...
    LuxembourgInsurance
    Arendt & Medernach
    Arendt & Medernach
  • Article

    Bill Of Law To Modernise The Insurance Sector

    It also describes the cooperation between the CAA and the upcoming Motor Insurance Insolvency Fund.
    LuxembourgInsurance
    CMS Luxembourg
    CMS Luxembourg
  • Article

    A New Dawn For Professional Secrecy In Luxembourg

    A draft law that affects professional secrecy has been adopted—well, not secretly, but perhaps out of the spotlight. Finance Minister Pierre Gramegna, back in July 2016 ...
    LuxembourgEmployment and HR
    KPMG Luxembourg
    KPMG Luxembourg
  • Article

    CAA Specifications On Practical Implementation Of DORA

    On 14 January 2025, the Commissariat aux Assurances (CAA) published Circular Letter 25/1 (Circular Letter), which provides helpful practical guidance on certain aspects of implementing...
    LuxembourgInsurance
    Arendt & Medernach
    Arendt & Medernach
  • Article

    CAA Specifications Regarding The Notification Regime For Outsourcings Of Significant Or Critical Operational Activities Or Functions

    On 19 August 2022, the Commissariat aux Assurances (the "CAA") published a new Circular-Letter 22/16 (the "CL") on outsourcing of significant or critical operational activities...
    LuxembourgInsurance
    CMS Luxembourg
    CMS Luxembourg
  • Article

    Destination: Solvency II

    It has been almost a year since the entry into force of Solvency II (SII), and the reporting efforts of (re)insurance undertakings and asset managers are finally converging towards business as usual.
    LuxembourgInsurance
    KPMG Luxembourg
    KPMG Luxembourg
  • Article

    Towards New Framework For Insurance And Reinsurance In Luxembourg

    On 25 July 2012, two draft bills were filed with the Chamber of Deputies of Luxembourg.
    LuxembourgInsurance
    Wildgen
    Wildgen
  • Article

    Additional Clarification On The Application Of SFDR And Article 8 Of The Taxonomy Regulation

    n order to mitigate the risk of divergent application of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector within the interim period from 10 March 2021, until the application date of the RTS, ...
    European UnionInsurance
    Ogier
    Ogier
  • Article

    Authorisation Procedures For The Insurance Sector Updated - CAA Regulations 22/01, 22/02 And 22/03

    CAA Regulation n° 22/01 makes the following changes to CAA Regulation 19/01 relating to insurance and reinsurance distribution (as amended)...
    LuxembourgInsurance
    Arendt & Medernach
    Arendt & Medernach
  • Article

    Encouraging Insurers To Invest For The Long Term

    On 23 April 2023, the EU Parliament adopted the text of the political agreement reached with the Council of the EU on the Directive amending Directive (EU) 2009/138/EC that regulates the EU's prudential regime...
    European UnionInsurance
    Arendt & Medernach
    Arendt & Medernach

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