PRIIPs KID: another chapter in a never-ending story
28/10/2021
Implementation timeline proposed to be set to 1 January 2023.
INSURANCE & REINSURANCE
PRIIPs KID: another chapter in a never-ending story
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.
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.
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.
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
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.
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
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
Benelux Regulators to Apply EIOPA Guidelines on Outsourcing to Cloud Service Providers by Insurance and Reinsurance Undertakings
14/08/2020
On 24 April 2020, the European Insurance and Occupational Pensions Authority (EIOPA) issued new guidelines on outsourcing to cloud service providers (the "Guidelines") which apply to insurance and reinsurance undertakings
Le secteur des assurances face au Covid-19
04/05/2020
Après que l’état d’urgence ait été déclaré pour une période de 3 mois, le Règlement grand-ducal du 18 mars 2020, tel que modifié, a instauré diverses mesures pour limiter autant que possible la propagation du COVID-19.
