DNB Issues Insurance Newsletter for February 2018
DNB issued insurance newsletter for February 2018. The newsletter highlighted that insurers must submit regular supervisory report to DNB at least once every three years, unless DNB requests a different frequency— as laid down in the Solvency II regulations.
The other focus areas include the following:
- Results on the research of information security of insurers and pension funds
- Update related to outsourcing risks being inadequately controlled by insurance companies
- New rules for publication of formal measures
- Update on the survey on preparation of the fourth anti-money laundering directive
- Update on the Financial Action Task Force (FATF) warning lists with countries that have shortcomings in their system for combating money laundering and terrorist financing
- Update on calendar for insurers
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Keywords: Europe, Netherlands, Insurance, Newsletter, Solvency II, QIS Calendar, DNB
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