DNB issued insurance newsletter for December 2017. This issue highlights that a limited group of smaller and less complex insurers can request an exemption for their quarterly reports from DNB. To qualify for an exemption from the quarterly reports, DNB has set a number of preconditions, including that the solvency position must show a stable picture over a longer period. Other key focus areas include updates related to the regulation on controlled remuneration policy 2017, the new DNB statistics website, and the survey/QIS calendar for insurers.
Related Links (in Dutch)
Keywords: Europe, Netherlands, Insurance, Newsletter, Solvency II, QIS Calendar, DNB
Previous ArticleEBA Launches the 2018 EU-Wide Stress Test Exercise
Next ArticleDNB Issues Banking Newsletter for January 2018
MAS and Temasek jointly released a report to mark the successful conclusion of the fifth and final phase of Project Ubin, which focused on building a blockchain-based multi-currency payments network prototype.
EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements.
APRA updated the lists of the Direct to APRA (D2A) validation rules for authorized deposit-taking institutions, insurers, and superannuation entities.
PRA updated the statement that provides guidance to regulated firms on implementation of the EBA guidelines on reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis.
EBA updated the 2019 list of closely correlated currencies that was originally published in December 2013.
FASB issued a proposed Accounting Standards Update that would grant insurance companies, adversely affected by the COVID-19 pandemic, an additional year to implement the Accounting Standards Update No. 2018-12 on targeted improvements to accounting for long-duration insurance contracts, or LDTI (Topic 944).
APRA updated the regulatory approach for loans subject to repayment deferrals amid the COVID-19 crisis.
BCBS and FSB published a report on supervisory issues associated with benchmark transition.
IAIS published a report on supervisory issues associated with benchmark transition from an insurance perspective.
ESMA updated the reporting manual on the European Single Electronic Format (ESEF).