Events listed in Law on the insurance sector (LIS)
Note d’information 23/6 du Commissariat aux Assurances relative aux indexations ...
ID 23022
The CAA has released Information note 23/6 regarding automatic contractual indexation and tariff increases in Luxembourg. The note highlights the inflationary pressures caused by the COVID-19 crisis and the Russian attack on Ukraine, which have led to increases in the cost of living in Europe. The CAA notes that *insurance companies have various mechanisms* to reflect these changes in the cost of living in ...
Note d’information 23/7 du Commissariat aux Assurances relative à l’outil d’aide à ...
ID 23013
The CAA published Information note 23/7 relating to the aid tool for the collection of quantitative data from the quantitative questionnaire introduced by circular letter 23/3, providing information on the use of an Excel-tool developed by the CAA to facilitate the collection of quantitative data related to the assessment of risks of exposure to money laundering and terrorist financing. The **Excel-tool is designed ...
Publication de la lettre circulaire 23/7 du Commissariat aux Assurances portant ...
ID 22845
The CAA issued Circular Letter 23/7, which modifies Circular Letter 23/5 related to annual reporting for brokerage companies and insurance or reinsurance brokers. This change is in response to potential confusion between premiums negotiated by brokers during the reference year and the amount of life insurance contracts taken out during the reference period. Specifically, ***Paragraph 5 of Part II, Letter A, point 2.6 of ...
Publication de la lettre circulaire 23/8 relative aux modalités d’introduction et ...
ID 22835
Circular Letter 23/8 provides guidance to Luxembourg insurance and reinsurance companies regarding the procedures for modifying their business plans. The circular reminds companies of their obligation to notify the CAA of any significant changes to their activities or plans, as required by the amended law of 7 December 2015 on the insurance sector (Law on the insurance sector – LIS). The circular explains that ...
Publication de la lettre circulaire 23/5 du Commissariat aux Assurances relative au ...
ID 22262
The CAA published Circular letter 23/5 relating to the annual reporting of brokerage companies and insurance or reinsurance brokers, natural persons. In this present circular, the CAA reminds that the amended Law of 7 December 2015 on the insurance sector in Luxembourg (LIS) empowers the CAA to regulate and supervise the insurance sector in the country. One of the requirements is for natural and ...
Publication de la lettre circulaire 23/3 du Commissariat aux Assurances relative au ...
ID 21765
On 7 February 2023, the Commissariat aux Assurances (CAA) published Circular Letter 23/3 relating to the quantitative questionnaire for the harmonized assessment of the risks of exposure to money laundering and terrorist financing for concerned intermediaries. This circular letter is addressed to insurance brokers, insurance brokerage companies, and agents mandated by several life insurance companies not belonging to the same group, who have distributed/distribute ...
Publication de la lettre circulaire 23/2 du Commissariat aux assurances relative au ...
ID 21756
On 7 February 2023, the Commissariat aux Assurances (CAA) published Circular letter 23/2 relating to the annual actuarial report of Luxembourg insurance companies other than life insurance. The actuarial report in non-life insurance is requested since the reporting relating to the financial year 2005. It has become an essential tool for the Commissariat aux assurances in monitoring non-life insurance companies. Since the entry into ...