Regulatory Alerts2017-03-01
Guidelines for the authorisation of insurance joint-stock companies for the sole pursuit of reinsurance business within the Federal Republic of Germany
The Federal Financial Supervisory Authority (BaFin) issues these guidelines to specify the requirements for authorising insurance joint-stock companies to pursue reinsurance business in Germany. The document mandates the submission of detailed documentation regarding corporate formation, business plans, solvency capital requirements, and the fitness and properness of senior management. It further outlines necessary organizational structures, risk management frameworks, and associated procedural fees for the regulatory approval process.
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