BaFin Publishes Circular on Insurance Regulatory Requirements for IT
BaFin published circular 10/2018 on insurance regulatory requirements for information technology (IT). The circular provides a flexible and practical framework for the management of IT resources, information risk management, and information security management.
The circular contains information on the interpretation of the regulations on business organizations under the Insurance Supervision Act (VAG), as they relate to the technical and organizational equipment of companies. It applies to all insurance companies and pension funds subject to BaFin supervision. It does not apply to insurance special purpose vehicles within the meaning of §168 VAG as well as the security funds within the meaning of §223 VAG.
Related Links (in German)
Keywords: Europe, Germany, Insurance, Regulatory Requirements, Information Technology, Circular 10/2018, Insurance Supervision Act, BaFin
Related Articles
|
News
EIOPA Forms Consultative Expert Group on Digital Ethics in InsuranceEIOPA established the Consultative Expert Group on Digital Ethics in Insurance to assist EIOPA in the development of digital responsibility principles in insurance.
September 17, 2019
WebPage
Regulatory News
|
|
News
FASB Proposes Taxonomy Changes Related to Topics 848 and 470FASB proposed taxonomy improvements for the proposed Accounting Standards Update on topic 848 on facilitation of effects of reference rate reform on financial reporting.
September 16, 2019
WebPage
Regulatory News
|
|
News
BoE Statement on Recalculating Transitional Measures Under Solvency IIBoE notified that it will be willing to accept applications from firms to recalculate transitional measure on technical provisions (TMTP) as at September 30, 2019.
September 16, 2019
WebPage
Regulatory News
|
|
News
BIS Hosts Conference to Discuss Issues from Emergence of StablecoinsBIS hosted a conference in Basel to discuss policy and regulatory issues posed by the emergence of stablecoin initiatives backed by financial institutions and large technology companies.
September 16, 2019
WebPage
Regulatory News
|
|
News
BIS Paper on Embedded Supervision of Blockchain-Based Financial MarketBIS published a working paper that investigates ways to regulate and supervise blockchain-based financial markets.
September 16, 2019
WebPage
Regulatory News
|
|
News
BoE Paper on Market-Implied Systemic Risk and Shadow Capital AdequacyBoE published a working paper that presents a forward-looking approach to measure systemic solvency risk.
September 13, 2019
WebPage
Regulatory News
|
|
News
HKMA Consults on Policy Module on Pillar 2 Supervisory Review ProcessHKMA is consulting on the revised Supervisory Policy Manual module CA-G-5 that sets out the HKMA approach to conducting the supervisory review process under Pillar 2.
September 13, 2019
WebPage
Regulatory News
|
|
News
PRA Publishes Waiver by Consent of Continuity of Access RulesPRA published a new waiver by consent to waive the Continuity of Access requirements contained in the Depositor Protection Part of the PRA Rulebook (DPP).
September 13, 2019
WebPage
Regulatory News
|
|
News
EBA Single Rulebook Q&A: Second Update for September 2019EBA updated the Single Rulebook question and answer (Q&A) tool with answers to three questions.
September 13, 2019
WebPage
Regulatory News
|
|
News
BoE Publishes Update on Meeting of Working Group on Risk-Free RatesBoE published the minutes of the July meeting of working group on sterling risk-free reference rates.
September 13, 2019
WebPage
Regulatory News
|
