On 26 March 2019, the Dutch Central Bank (De Nederlandsche Bank, DNB) announced that it will conduct a sector-wide research into non-financial risks that are important for controlled and ethical business operations of insurers.

For this purpose, DNB will make an inquiry with insurers to gain insight into a number of non-financial risks in the last week of April 2019. The request will concern the insurer’s business model and strategy, behaviour, culture and governance, IT and operational risks, and integrity risks. DNB will use the results of the inquiry to shape its supervisory risk-based approach with regard to these risks. For example, the outcome of this research may be used as a basis for prioritizing investigations. DNB expects to receive replies from the insurers in mid-June 2019.

View DNB’s press release (Dutch only), 26 March 2019.