Consultation on the proposal for Guidelines to specify further the range of scenarios in pre-emptive recovery planning

Interested stakeholders.

These Guidelines put forward a range of macroeconomic and financial stress scenarios to be used for assessing the credibility and feasibility of insurers’ pre-emptive recovery plans. The scenarios include both system-wide and insurance-specific stress events—such as mass policy lapses and underwriting losses—whose impact will be assessed on the solvency position, liquidity and profitability of the undertaking or group.

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.