Clifford Chance
Luxembourg insurance sector regulator responds to the Coronavirus pandemic
28 March 2020
The CAA has issued several information notices to clarify measures taken in light of the Coronavirus pandemic.
The CAA has informed the insurance and reinsurance undertakings under its supervision that it will follow the EIOPA's recommendations on supervisory flexibility regarding the deadline of supervisory reporting and public disclosure in the context of Coronavirus pandemic. The CAA will therefore extend the deadlines for the submission of Solvency 2 reporting and public disclosure in accordance therewith. The insurance and reinsurance undertakings will thus be allowed inter alia to delay.
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