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.

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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)

In November 2020, the European Insurance and Occupational Pensions Authority (EIOPA) launched a survey on the application of the Insurance Distribution Directive (IDD) that entered into force on 23 February 2016. The aim of the survey was to gather feedback from stakeholders on the experience with...
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...
Sustainability | Disclosure of adverse impacts

Joint Consultation concerning environmental, social and governance (ESG) disclosures

The European Supervisory Authorities (ESAs) invite comments on all matters in this consultation paper on ESG disclosures under Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial sector (hereinafter “SFDR”) and in particular on the specific questions summarised in...
PEPP

Public Consultation on implementing technical standards for supervisory reporting and cooperation for the Pan-European Personal Pension Product (PEPP)

Pulic consultation on the Draft Commission Implementing Regulation (EU) xxx/xxx laying down implementing technical standards for the application of Regulation (EU) 2019/1238 of the European Parliament and of the Council with regard to the format of supervisory reporting to the competent authorities...
Risk-free rate

Discussion Paper on IBOR transitions

New deadline: 30 June 2020 (previously 30 April) Following the new EU Benchmark Regulation (EU BMR), this EIOPA Discussion Paper addresses for the first time the subject of the ongoing changes to the new benchmark rates (or IBOR transitions). IBOR transitions are a big challenge for both the...
Reporting | Solvency II

Review of technical implementation means for the package on Solvency 2 Supervisory Reporting and Public Disclosure

NEW DEADLINE: 1 June 2020 EIOPA aims to improve the efficiency and effectiveness of the reporting and disclosure framework, thereby reducing the costs associated to the processes. In this context, EIOPA proposals in this technical area contribute further to the proportionality and cost efficiency...
PEPP

Consultation concerning technical advice, implementing and regulatory technical standards for the Pan-European Personal Pension Product

Consultation on the proposed approach and considerations for EIOPA’s Technical Advice as well as Implementing and Regulatory Technical Standards for applying Regulation (EU) 2019/1238 on a Pan-European Personal Pension Product (PEPP)1 (‘the PEPP Regulation’).
PRIIPs

Consultation concerning amendments to the PRIIPs KID

The European Supervisory Authorities (ESAs) welcome comments on this consultation paper setting out proposed amendments to Commission Delegated Regulation (EU) 2017/653 of 8 March 20171 (hereinafter “PRIIPs Delegated Regulation”). The consultation package includes: The consultation pape Template...
Solvency II

Consultation Paper on the Opinion on the 2020 review of Solvency II

EIOPA welcomes comments on this consultation paper on the opinion on the 2020 review of Solvency II and on the background document on the impact assessment.