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About Tax & Regulatory Update (19/11/2024)

Tax & Regulatory Update (19/11/2024)

Tax & Regulatory Update 2024 - 2025 (19/11/2024)

We would like to invite you to the first edition of the 'Tax & Regulatory update'.
Please find the diversified programme below:

15h45- 16h00: Welcoming of the participants

16h00 - 16h30: Presentation by NBB/BNB (Speakers to be confirmed)

16h30 - 16h45: Q & A

Topics covered: 

1.           SII Review: state of process, key substantive changes, ...

2.           Focus on some structural shifts in the life insurance market and prudential initiatives around it:

  • Increase in investments in alternative assets and increase in use of 'asset-intensive reinsurance'
  • Runoff and use of certain types of reinsurance (e.g. Mass lapse)
  • Prudential initiatives at the level of IAIS, EIOPA and NBB linked to the above 2 points

16h45 - 17h00: Break

17h00 - 17h20: Presentation by Marc Beckers & André de Vries

Title: Tax and regulatory aspects of asset-intensive reinsurance – A case study

Topics covered:

  • Funds transferred vs funds withheld
  • Collateral structuring
  • Custodian agreements
  • Key terms in a reinsurance agreement e.g. termination rights
  • Interaction with all the relevant regulators

17h20 - 17h40: Presentation by Rik Van Beers

Title: the Insurance Recovery and Resolution Directive – what to expect

Topics covered:  

  • A brief overview of the upcoming IRRD and its consequences for insurers.
  • Main focus on the requirement of having a pre-emptive recovery plan in place, as this is likely to be the element of the IRRD being most burdensome for insurers.
  • What should be included in these plans ?
  • Some examples around recovery indicators, actions, and scenarioswill be provided
  • The main challenges faced when implementing these plans will also be discussed.

 17h20 - 17h40: Presentation by Mathias Wambeke

Title: NatCat & Solvency II aspects

Topics covered:

  • EIOPA NatCat calibration proposals
  • Impact for Belgian insurers
  • Subsidence cover & legislation in Belgium
  • Subsidence risk & modelling

18h00 - 19h00: Closing remarks and cocktail

Location: Novotel Brussels City Centre 32, Rue de la Vierge Noire - 1000 Brussels (near the Brussels Fish Market and the former Actuarial House).

In case of any question, please let us know.

Register

Prices

Ticket type Price
Members ILAC € 120.00
Non-members € 150.00