Today, the European Insurance and Occupational Pension Authority (EIOPA) launched a consultation on EIOPA’s 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 views on these topics as well.
For responding to this consultation please use the EU Survey. The deadline for submission of feedback is 24 November 2020 at 23.59 hrs CET.
Unless requested otherwise, all contributions received will be published after the deadline for submission.
This Supervisory Statement has been developed in accordance with Article 29(2) of Regulation (EU) No 1094/2010 to promote common supervisory approaches and practices.