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-financial undertakings, as set out in the Taxonomy Regulation, are relevant and appropriate to depict insurance and reinsurance activities or whether they need to be ‘translated’ to the most appropriate and comparable key performance indicators for insurance and reinsurance businesses.

Following the public consultation, EIOPA will finalise its advice and submit to the European Commission in February 2021.