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Insurance and reinsurance law


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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Benelux Regulators to Apply EIOPA Guidelines on Outsourcing to Cloud Service Providers by Insurance and Reinsurance Undertakings

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

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Le secteur des assurances face au Covid-19

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.

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Brexit Impact On Insurance Undertakings - Clarifications By The Luxembourg Supervisory Authority

Brexit Impact On Insurance Undertakings - Clarifications By The Luxembourg Supervisory Authority
20/04/2020

In two information notices dated April 2 and April 8, 2020, the Commissariat Aux Assurances (“CAA”) clarified the impact of a hard Brexit and the related loss of the UK’s status as a member of the European Economic Area on the application of the rules governing

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Le panorama italien de la distribution d’assurances

Le panorama italien de la distribution d’assurances
19/03/2020

Le processus de transposition de la Directive (UE) 2016/97 du Parlement européen et du Conseil du 20 janvier 2016 sur la distribution d’assurances (ci-après la Directive IDD)1 s’est révélé extrêmement complexe pour le secteur de l’assurance sur le territoire italien

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Autorité de la chose jugée, suspension d’un contrat d’assurance

Autorité de la chose jugée, suspension d’un contrat d’assurance
24/02/2020

qui rappelle qu’ « il n’est pas permis au juge civil de méconnaître ce qui a été nécessairement et certainement jugé par le juge criminel ». En l’espèce, la partie demanderesse avait été condamnée par les juridictions correctionnelles pour avoir mis en circulation un véhicule non couvert par une assurance valable. 

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Insurance 2020: Impact of Brexit on the Luxembourg insurance sector

Insurance 2020: Impact of Brexit on the Luxembourg insurance sector
29/01/2020

The UK’s decision to leave the European Union led insurance companies established in the UK to consider other options, such as relocating their place of business to continental Europe.

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Ms. MevlĂĽde-Aysun Tokbag

CSSF Has Updated its FAQs on Alternative Investment Fund Managers Relating to PRIIPs
28/10/2019

The Luxembourg financial supervisory authority (Commission de Surveillance du Secteur Financier, “CSSF”) issued on 27 September 2019 a new version of its Frequently Asked Questions concerning the Luxembourg Law of 12 July 2013 

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Mandatory CSSF PRIIPs assessment

Mandatory CSSF PRIIPs assessment
23/10/2019

By 31 October 2019 at the latest, all Part II UCIs, SIFs and SICARs are required by the CSSF to complete the PRIIPs assessment form

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Bill on Inactive Accounts, Inactive Safes and Unclaimed Insurance Contracts

Bill on Inactive Accounts, Inactive Safes and Unclaimed Insurance Contracts
20/09/2019

On 6 August 2018, Bill No. 7348 on inactive accounts, inactive safes and unclaimed insurance contracts (the ‘Bill’) was submitted to the Luxembourg Chamber of Deputies (Chambre des Députés).

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