Rule · NBB · 17 Jun 2025 · NBB_2025_08

NBB Circular NBB_2025_08: Prudential Expectations of the National Bank of Belgium Regarding the Governance System for the Insurance and Reinsurance Sector

This circular replaces NBB_2016_31 and updates the National Bank of Belgium's prudential expectations and recommendations for the implementation and interpretation of governance regulations applicable to insurance and reinsurance companies. It establishes the current supervisory standards for the governance systems of these entities.

BelgiumNational Bank of Belgium

Circulars and communications

NBB_2025_08

Full title

NBB Circular NBB_2025_08: Prudential Expectations of the National Bank of Belgium Regarding the Governance System for the Insurance and Reinsurance Sector

Publication date

Area of responsibility

Supervision of financial institutions

Sector

Insurance and reinsurance companies

Theme

System of Governance - Specific circulars

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This circular replaces Circular NBB_2016_31 regarding the prudential expectations of the National Bank of Belgium concerning the governance system for the insurance and reinsurance sector. Its main objective is to update the Bank's expectations and recommendations regarding the implementation and interpretation of the regulations applicable to insurance and reinsurance undertakings in terms of their governance system.

Annex: Circular on the prudential expectations of the National Bank of Belgium regarding the governance system for insurance and reinsurance undertakings

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Lineage: Amended

A newer document in RegAlert amends this one; it applies as amended.

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The links and the sentences they come from (2)

Supersedes

Circular NBB_2016_31 regarding the prudential expectations of the National Bank of Belgium…Not in RegAlert
“This circular replaces Circular NBB_2016_31 regarding the prudential expectations of the National Bank of Belgium concerning the governance system for the insurance and reinsurance sector.”

Amended by

Communication NBB_2026_01 / Periodic and Financial Reports to be Submitted to the Bank in 20262026 · NBB
“Due to the addition of certain new elements to section B.9. Outsourcing Register (the list of critical and important outsourcing) via circular NBB_2025_08”

Timeline

Amended 1 time · last 2026-01-07

2026-01-07NBBCommunication NBB_2026_01 / Periodic and Financial Reports to be Submitted to the Bank in 2026amends

Lineage: Amended

Timeline

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