Regulatory Alerts1992-07-23
Added · Updated
Statistical Statement of Life Insurance (Direct Insurance Transactions in Belgium)
The Control Service mandates life insurance companies to adopt a new statistical reporting framework for direct insurance transactions in Belgium, with initial data submission required for the 1993 fiscal year and specific tables C and Q3 starting in 1994. The new forms require the detailed breakdown of operating costs, technical provisions, and investment returns across 13 product groups, while prohibiting the allocation of transferred reserves to opening provisions to prevent double counting. Companies must submit the basic statistical forms at least six weeks before the general meeting and the additional statistics by June 30 of the year following the reporting period.
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