Consultations and surveys

EIOPA organises written consultations in order to receive comments from all interested parties, including market participants, consumers and other end-users.

EIOPA invites interested parties to send any comments by email, within the indicated deadline, using the provided paper specific, customised template and quoting the reference of the consultation paper.

EIOPA will make all comments available on its website, except where respondents specifically request that their comments remain confidential.

EIOPA's rules on who, when and how it consults and how it responds are laid down in EIOPA's Statement of Consultation Practices.

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ORSA | COVID-19

Consultation on the Supervisory Statement on ORSA in the context of COVID-19

The statement promotes convergence by guiding undertakings through common supervisory expectations on the ORSA in the current situation triggered by the pandemic, taking into account that the impact on each individual undertaking can differ depending on its specific risk profile. A proper balance...
Sustainability | Impact underwriting

Discussion paper on non-life underwriting and pricing in light of climate change

The discussion paper highlights challenges associated with current non-life underwriting practices and options to ensure the availability and affordability of insurance products, in the context of climate change. The discussion paper builds on work stemming from the Opinion on sustainability within...
Solvency II | Solvency requirements | Sustainability

Discussion Paper: Methodology on potential inclusion of climate change in the nat cat standard formula

This Discussion Paper is a follow-up to EIOPA’s Opinion on Sustainability within Solvency II (EIOPA, 2019). The opinion highlighted that further work is needed to investigate whether additional climate change-related perils such as droughts and wildfire could be better captured in the Solvency II...
Taxonomy | Sustainability | Disclosure

Consultation on EIOPA advice regarding Article 8 of the Taxonomy Regulation

This consultation refers to the relevant ratios to be mandatorily disclosed by insurers and reinsurers falling within the scope of the Non-Financial Reporting Directive as well as on the methodologies to build those ratios. In this consultation, EIOPA considers whether the mandatory ratios of non-...
Supervisory framework

Consultation on Statement on supervisory practices and expectations in case of breach of the Solvency Capital Requirement

EIOPA is gathering feedback on this statement which aims to promote supervisory convergence in the application of the supervisory ladder, in particular addressing the recovery plan required in case of breach of the SCR. EIOPA carries out this consultation in accordance with Article 29(2) of...
IDD

Survey on the application of the Insurance Distribution Directive (IDD)

The aim of the survey is to gather feedback from stakeholders on the experience with the application of the IDD, in particular on the improvement of quality of advice and selling methods, the impact of the IDD on small and medium-sized enterprises and possible further improvements identified after...
ORSA | Scenario analysis | Sustainability

Consultation on the draft Opinion on the supervision of the use of climate change risk scenarios in ORSA

The consultation is a follow-up to last year’s Opinion on Sustainability within Solvency II , which recommended that (re)insurers consider climate risks beyond the one-year time horizon through the system of governance, risk-management system and the Own Risk and Solvency Assessment (ORSA). The...
Internal models

Study on Diversification in Internal Models

On 1 October 2020, EIOPA launched a study on diversification in internal models. Objectives : to gain an overview of the current approaches in the market and, on best effort basis, analyse and compare the levels of diversification, to facilitate a better understanding of modelling dependencies,...
Supervision

Consultation on Supervisory Statement on the use of risk mitigation techniques by insurance and reinsurance undertakings

The aim of this statement is to promote supervisory convergence on the assessment of the use of risk-mitigation techniques under Solvency II. During the consultation period EIOPA will additionally assess potential ‘group issues’ and ‘internal reinsurance’. Stakeholders are asked to include their...
Sustainability | Disclosure

Survey on product disclosure templates under the Sustainable Finance Disclosure Regulation

The European Supervisory Authorities (ESAs) welcome comments on this survey setting out the details of the presentation of the information to be disclosed pursuant to Article 8(3), Article 9(5) and Article 11(4) of the Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27...
Stress test | Sustainability

Second Discussion Paper on Methodological Principles of Insurance Stress Testing

This second Discussion Paper is structured in three sections addressing the following topics: Stress test framework on climate change Approach to liquidity stress testing Multi-period framework for the bottom-up insurance stress testing The Discussion Paper is open for comments until Friday, 2...
Digitalisation

Discussion paper on (re)insurance value chain and new business models arising from digitalisation

Technology continues to evolve, bringing new opportunities, social change and new expectations for consumers. In response, insurance undertakings and intermediaries continue to develop and revise their business models, often in increased co-operation with third parties (e.g. BigTech companies and...