Update
14.08.2020
On 24 April 2020, the European Insurance and Occupational Pensions Authority (EIOPA) issued new guidelines on outsourcing to cloud service providers (the "Guidelines") which apply to insurance and reinsurance undertakings, supplementing the general regulatory framework based on the Solvency II Directive and Delegated Regulation 2015/35.

Pursuant to Article 16(3) of Regulation (EU) No 1094/2010 establishing the EIOPA, which requires the competent authorities of the EU Member States to make every effort to comply with EIOPA guidelines and confirm that they intend to comply with them, the Benelux regulators have indicated their intention to apply the Guidelines.

Read more on this topic in our newsletter.

Our Benelux Regulatory Insurance and IP/IT teams have extensive experience in the area of cloud outsourcing and would be happy to assist you with a wide range of issues. More information about our Benelux insurance practice can be found here.  

Related articles

Cookie notification

This functionality uses third-party cookies. Change your cookie preferences to view this content or view more information.
These cookies ensure that the website works properly. These cookies cannot be disabled.
These cookies can be placed by third parties, such as YouTube or Vimeo.
By deactivating categories, it is possible that related functionalities within the website may no longer work properly. It is always possible to change your preferences at a later time. View more information.