Regulatory Alerts2025-06-17 | NBB_2025_08Added · Updated
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.
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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