THE INDEPENDENT INSURANCE-BROKERING NETWORK

MIFID

29 January 2015 Annelies Vermeer

Country: Belgium

MIFID is the cornerstone of the European Commission’s Financial services Action plan who will significantly change how EU financial service markets operate.
The directive’s main objectives are to increase competition and consumer protection.

The Belgian Government has decided to extend the supervisory principles of the European Directive on financial markets to insurance products.
To this end, Royal Decrees have recently been voted, outlining which measures will be applicable to the global insurance market in Belgium.
It will impact relations between insurance companies, intermediaries and clients and lead to changes in internal organisation, in the controls framework and in reporting obligations to clients.
The deadline to comply with these measures is 30 April 2015.

Eubronet - European Brokers Network - is a partnership between insurance brokers based in several European countries, including a collaboration with a USA-based broker.

The purpose of the network is for insurance brokers to offer their clients the highest quality service in relation to international business and international risks.

Eubronet enables customers to connect to insurance experts who have a specific knowledge of the legal requirements and needs within their own market.

Eubronet offers an international, personal service in all countries in which Eubronet partners are located.
Eubronet brokerage services are also available in other markets in which customers conduct business or have conducted business in the past, or for professional reasons, such as Africa, the Middle East, South America, Australia and the Far East.

Eubronet exists 25 years! A wonderful milestone, 25 years the Eubronet insurancebrokers are serving customers who do business and have risks beyond its own borders.