Regulatory Alerts2026-04-09
Added · Updated
Insurance Supervision Act 2016 (VAG 2016)
The Austrian Financial Market Authority enforces the Insurance Supervision Act 2016 to regulate the licensing, governance, and solvency of insurance and reinsurance undertakings. The legislation mandates strict compliance with Solvency II standards, including detailed requirements for risk management, internal control functions, and the calculation of solvency capital requirements. It further establishes comprehensive rules for insurance distribution conduct, group supervision, and supervisory procedures to ensure policyholder protection and market stability.
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