Valofair in Belgium

Law of 4 April 2014 on insurance: The Belgian insurance code requires the insurer to act in good faith, inform the customer and indemnify fairly.

Art. 121 — Indemnification: Indemnification must cover the actual loss suffered (principle of indemnity).

FSMA & Insurance Ombudsman: Independent supervisory and mediation authority for disputes.

RDR Convention: Direct settlement agreement between insurers, speeding up indemnification of material damage.