Consultation on the proposal for Guidelines to specify further details on the criteria on simplified obligations under the IRRD

Interested stakeholders

These Guidelines outline eligibility criteria for simplified obligations. EIOPA further specifies factors like the nature of business, shareholding structure, legal form, risk profile, size, legal status, interconnectedness metrics as well as the scope and complexity of activities to be considered when assessing whether an undertaking or group is eligible for simplified obligations.

The consultation is related to the implementation of the European Union’s Insurance Recovery and Resolution Directive (IRRD). 

The IRRD, which is set to become operational in January 2027, introduces a recovery and resolution framework tailor-made for (re)insurers in Europe. The Directive puts the focus on the importance of pre-emptive planning and effective crisis management and aims at maintaining the stability of Europe’s insurance sector while also allowing for the orderly wind-down of failing undertakings and groups. The IRRD will make insurance failures less likely and limit the impact of failures when they do happen, making the management of insurance failures more effective and cost-efficient.

EIOPA invites stakeholders to provide their feedback on the consultation paper by responding to the questions via the online survey here below no later than 20 March 2026.