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European Insurance and Occupational Pensions Authority


EIOPA is at the heart of insurance and occupational pensions supervision in the European Union

EIOPA was established in consequence of the reforms to the structure of supervision of the financial sector in the European Union. In November 2008, the Commission mandated a High-Level Group chaired by Jacques de Larosière to make recommendations on how to strengthen European supervisory arrangements with a view to better protecting the citizen and rebuilding trust in the financial system.

In its final report presented on 25 February 2009 (the ‘de Larosière Report’), the High-Level Group recommended that the supervisory framework be strengthened to reduce the risk and severity of future financial crises. It recommended reforms to the structure of supervision of the financial sector in the Union as well as the creation of a European Systemic Risk Council. The group also concluded that a European System of Financial Supervisors should be created, comprising of three European Supervisory Authorities, one for the banking sector, one for the securities sector and one for the insurance and occupational pensions sector.  EIOPA has been heavily engaged in the development of Solvency II, a Directive in European law that harmonises the EU insurance regulation.

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31 JANUARY 2023
EIOPA translated into the official languages of the European Union