Anyone seeking to provide insurance services on a commercial basis in the Netherlands must either hold the appropriate authorisation issued by DNB or be exempted from the authorisation requirement. There are two types of authorisation: Solvency II authorisation and Basic authorisation.
Insurers under the scope of the Solvency II regime require Solvency II authorisation, while limited risk insurers can apply for Basic authorisation only. They are, however, free to apply for Solvency II authorisation on a voluntary basis. Only the smallest non-life and funeral expenses and benefits in kind insurers are exempted from the authorisation requirement. The following key principles apply.
You can use the flowchart to find out for which type of authorisation your company should apply.
Liability-Driven Investment funds (LDI funds) mainly invest in long-term government bonds and long-term interest rate derivatives. The use of these interest rate derivatives exposes LDI funds to liquidity risks in case of large interest rate fluctuations.
Read more Limited liquidity risks in Euro LDI funds
This week, the European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have published their final reports on greenwashing in the financial sector.
Read more European Supervisory Authorities publish reports on greenwashing in the financial sector
On Tuesday 28th May from 3:00-4:45 PM CET DNB will organize an online information session about fit and proper assessments.
Read more Information session about fit and proper assessments DNB
The rapid development of artificial intelligence (AI) poses challenges for the supervisory work of the AFM and DNB. The supervisory authorities have published a report with criteria and areas of attention for shaping the supervision of AI.
Read more AFM and DNB publish report on the impact of AI on the financial sector and supervision
