Regulatory Alerts2016-08-08
Added · Updated
Notes to the application form for authorisation to pursue the business of an insurer
The DNB outlines specific requirements for insurers applying for Basic or Solvency II authorisation, mandating the submission of a comprehensive business plan, recovery plan, and resolution plan. Applicants must provide detailed financial projections, solvency calculations, and evidence of compliance with operational, ethical, and governance standards. The document specifies distinct submission criteria for various insurance classes, including health, motor vehicle liability, and legal assistance, alongside thresholds for exempted non-life insurers.