Licensing

• Authorisation as an insurance or reinsurance company under Belgian law and extension of authorisation
• Pursuit of insurance or reinsurance activities in Belgium as an authorised branch or under the freedom to provide services

Particular operations subject to authorisation

• Pursuit of an insurance or reinsurance activity abroad in the form of a branch, under the freedom to provide services or by the establishment of a subsidiary
• Transfers of portfolios of insurance or reinsurance contracts and in the case of mergers or divisions

Governance

• Fit & Proper for managers and key control functions holders

• Shareholders

  • Communication to candidate shareholders, assigning shareholders and 'new elements'
  • State and composition of capital
• Outsourcing of critical or important functions, activities or operational tasks
  • Standard notification from 01/01/2021  docx - pdf
  • Opinion of the compliance manager from 01/01/2021  docx - pdf
• Amendments to the articles of association 
• Storage of insurance or reinsurance documents in a place other than the registered office
  • CEO Form – simplified procedure – electronic storage docx - pdf
  • CEO Form – simplified procedure – paper storage  docx - pdf
  • CEO Form – standard application docx - pdf

Periodic reporting

• Quantitative reports to be transmitted via OneGate

  • Technical description reporting

• Qualitative reports to be transmitted via eCorporate (SFCR, RSR, ORSA and others)

  • eCorporate circular

  • List of available Reporting Templates

• eManex platform for the management of external functions/mandates by managers

Contact secretariat prudential supervision insurance and reinsurance companies
General questions may be sent to the e-mail address below:
insurance.supervision@nbb.be