ITSM Regulatory Update | July 2022
Focus: on-site supervision of outsourcing for insurance companies
Highlight from July 2022
Insurance supervision in outsourcing under scrutiny
EIOPA recognizes potential for optimization in the supervision of outsourcing as a result of a peer review with various national supervisory authorities from the EU.
Although it is still unclear what steps BaFin will take as a result of EIOPA’s comments, it is clear that on-site examinations will continue to focus on outsourcing. Are you prepared for a visit by BaFin?
We at ADWEKO are happy to assist you in preparation as well as during the inspection.