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INSURANCE & REINSURANCE


he CAA calls for impact assessments and stronger vigilance as a consequence of the military aggression by Russia against Ukraine

he CAA calls for impact assessments and stronger vigilance as a consequence of the military aggression by Russia against Ukraine
17/03/2022

In response to the current situation in Ukraine, the Commissariat aux Assurances (the “CAA”) issued Information Note 22/5 (the “Note”) stating that it expects all entities under its supervision to enhance their vigilance

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Luxembourg's CAA note following the Russia/Ukraine crisis

Luxembourg's CAA note following the Russia/Ukraine crisis
15/03/2022

On 10 March 2022, the Luxembourg Commissariat aux Assurances (the “CAA”) published note 22/5 (the “Note”) providing for measures to be taken by all entities supervised by the CAA (the “Entities”) due to the Russia/Ukrainian conflict.

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PRIIPs KID: another chapter in a never-ending story

PRIIPs KID: another chapter in a never-ending story
28/10/2021

Implementation timeline proposed to be set to 1 January 2023. 

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Assurance Loyer garanti et subrogation de l'assureur

Assurance Loyer garanti et subrogation de l'assureur
22/04/2021

Tout propriétaire d’un immeuble donné en location peut souscrire une couverture d’assurance qui permet au propriétaire-bailleur d’être indemnisé des loyers non réglés par un locataire qui ne pourrait ou ne voudrait pas payer.

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Luxembourg legislator paves the way for the issuance of dematerialised securities using distributed ledger technology

Luxembourg legislator paves the way for the issuance of dematerialised securities using distributed ledger technology
15/02/2021

On 26 January 2021, a new Luxembourg law dated 22 January 2021 (the “2021 DLT Law”) entered into effect, amending the Luxembourg law of 6 April 2013 on dematerialised securities, and the law of 5 April 1993 on the financial sector.

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Amendment to Insurance Contract Act in relation to Brexit

Amendment to Insurance Contract Act in relation to Brexit
05/02/2021

The Act of 19 December 2020(1) implementing the Budget Act 2021 introduced into the Insurance Contract Act(2) a new provision to secure the outcome of insurance policies underwritten by UK insurers post-Brexit.

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Clarifications on the validity of insurance contracts concluded by UK insurance undertakings in a post-Brexit context

Clarifications on the validity of insurance contracts concluded by UK insurance undertakings in a post-Brexit context
03/02/2021

Validity of insurance contracts concluded by UK insurance undertakings in a post-Brexit context – Clarifications by the Luxembourg legislator

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Issuance of dematerialised securities using blockchain technology – Starting 26 January 2021, the new law of 22 January 2021 applies!

Issuance of dematerialised securities using blockchain technology – Starting 26 January 2021, the new law of 22 January 2021 applies!
27/01/2021

The law of 22 January 2021 (the “2021 Law”) modernises Luxembourg’s legal framework on the issuance of dematerialised securities by expressly confirming the possibility to use distributed ledger technology.

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EIOPA outlines approach on product oversight and governance

EIOPA outlines approach on product oversight and governance
18/11/2020

EIOPA published a paper on its approach to product oversight and governance requirements for insurance distributors and manufacturers

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New CAA AML/CTF regulation

New CAA AML/CTF regulation
11/09/2020

The aim of the New Regulation is to replace and repeal the amended CAA Regulation No. 13/01 of 23 December 2013 on the fight against money laundering and terrorist financing (the “13/01 Regulation”) following the legislative changes resulting from the implementation of EU Directive 2015/849

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