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RSSWhere supervisory authorities permit insurance and reinsurance undertakings, in accordance with Article 53(1) and (2) of Directive 2009/138/EC, not to disclose certain information, such permission shall remain valid only for as long as the reason for non-disclosure continues to exist. Insurance...
1. Insurance undertakings, as well as intermediaries which manufacture any insurance product for sale to customers, shall maintain, operate and review a process for the approval of each insurance product, or significant adaptations of an existing insurance product, before it is marketed or...
1. This Directive lays down rules concerning the taking-up and pursuit of the activities of insurance and reinsurance distribution in the Union.2. This Directive applies to any natural or legal person who is established in a Member State or who wishes to be established there in order to take up...
1. For the purposes of this Directive:(1) ‘insurance distribution’ means the activities of advising on, proposing, or carrying out other work preparatory to the conclusion of contracts of insurance, of concluding such contracts, or of assisting in the administration and performance of such...
The regular supervisory report shall include all of the following information regarding the own funds of the insurance or reinsurance undertaking: (a) information on the material terms and conditions of the main items of own funds held by the undertaking(b) the expected developments of the...
The regular supervisory report shall include any important information, other than that already disclosed in the solvency and financial condition report of the insurance or reinsurance undertaking, regarding the valuation of its assets, technical provisions and other liabilities for solvency...
The regular supervisory report shall include qualitative and quantitative information regarding the risk profile of the insurance and reinsurance undertaking, in accordance with paragraphs 2 to 9, separately for all of the following categories of risk: (a) underwriting risk; (b) market risk; (c)...
The regular supervisory report shall include all of the following information regarding the insurance or reinsurance undertaking's system of governance: (a) information allowing the supervisory authorities to gain a good understanding of the system of governance within the undertaking, and to...
The regular supervisory report shall include all of the following information regarding the business of the insurance or reinsurance undertaking: (a) the main trends and factors that contribute to the development, performance and position of the undertaking over its business planning time period...
The ORSA supervisory report shall present all of the following: (a) the qualitative and quantitative results of the own risk and solvency assessment and the conclusions drawn by the insurance or reinsurance undertaking from those results; (b) the methods and main assumptions used in the own risk...