Life and non-life insurers having their registered office in a non-EU Member State (third-country insurers) are no longer permitted to carry on the business of direct insurer by providing cross-border services to the Netherlands.
Direct third-country insurers are permitted –under certain conditions- to offer cross-border services to the Netherlands as long as these services are limited to reinsurance. See the link for a further explanation.
The ban on the provision of services to the Netherlands by third-country insurers entered into force on 17 March 2021. The third-country insurers affected by this ban could make use of the transitional regime until six months after this amendment to the law came into force. As a result, the public DNB Financial Supervision Act (Wft) register for incoming services of third-country insurers has been updated. The third-country insurers that make use of the transitional regime are included in the Wft register. The third-country insurers who did not apply for the transitional regime have been removed from the register. An overview of the registrations removed from the Wft register can be found here.