Reports and research

Supervision

Report on EIOPA Supervisory Activities in 2021

EIOPA’s supervisory convergence plan identifies, in line with EIOPA’s mandate, EIOPA’s annual priorities to enhance supervisory convergence by ensuring a high, effective and consistent level of supervision across Europe, with the aim of guaranteeing a similar level of protection of policyholders...
Financial stability

Financial Stability Report June 2022

The June 2022 Financial Stability Report examines the main trends for the European (re)insurance and pensions sectors as well as the macroeconomic landscape with its implications. It considers the impact of inflation driven by stressed supply chains and the geopolitical situation that has further...
Regulation

ESAs Final Report on EMIR draft RTS with regards to intragroup contracts

This final report presents new draft amending regulatory technical standards (RTS) on the risk mitigation techniques for OTC derivative contracts not cleared by a CCP (bilateral margining) that the European Supervisory Authorities (ESAs) have developed under Article 11(15) of EMIR1 . The draft RTS...
Supervision

Joint ESAs Report on the withdrawal of authorisation for serious breaches of AML/CFT rules

Report, which provides a comprehensive analysis on the completeness, adequacy and uniformity of the applicable laws and practices on the withdrawal of license for serious breaches of the rules on anti-money laundering and countering the financing of terrorism (AML/CFT).
Sustainability

Discussion paper on physical climate change risks

Building on its ambitious agenda for sustainable finance, and in particular on the sensitivity analysis of asset-side transition risks published in 2020, EIOPA launched a follow-up exercise on physical risks in the second half of 2021. This discussion paper presents the first results of this...
Organisation

Joint Committee Annual Report 2021

In 2021, the Joint Committee under the chairmanship of the ESMA, continued to have a central role for the coordination and exchange of information between the European Supervisory Authorities (ESAs), the European Commission (EC) and the European Systemic Risk Board (ESRB). The main areas of cross-...
Risk assessment

Joint Committee Report on risks and vulnerabilities in the EU financial system - Spring 2022

The report highlights the increasing vulnerabilities across the financial sector as well as the rise of environmental and cyber risks. It also includes a preliminary assessment of the consequences of Russia's invasion of Ukraine.
Consumer protection

Cost and past performance report 2022

Supervision

Peer Review Methodology

Digitalisation

Joint ESAs Report on Digital Finance

This report sets out the findings and advice of the ESAs in response to the European Commission’s Call for Advice on digital finance and related issues. It covers cross-sectoral and sector-specific market developments in the three key areas identified in the Call for Advice, and the risks and...
Consumer protection

Consumer Trends Report 2021

The Consumer Trends Report 2021 and the risk heat-map provide a snapshot of the impact of the COVID-19 crisis on the insurance and pension sector from a consumer protection perspective, highliting a fast-forwarded digitalisation trend with underlying opportunities, but also some concerns from a...
IDD

Report on the application of the Insurance Distribution Directive

Amongst others, this report examines: any changes in the insurance intermediaries' market structure; any changes in the patterns of cross-border activity; the improvement of quality of advice and selling methods and the impact of the IDD on insurance intermediaries which are small and medium-sized...
IDD

Annual report on sanctions under the Insurance Distribution Directive during 2020

The European Insurance and Occupational Pensions Authority (EIOPA) published its second annual report on administrative sanctions and other measures imposed during 2020 by national competent authorities under the Insurance Distribution Directive (IDD). In 2020, national competent authorities...
Reporting | Solvency II

Report on limitations and exemptions from Solvency II reporting during 2020 and Q1 2021

The report is based on the Solvency II annual and quarterly quantitative reporting templates with reference during 2020 and the first quarter of 2021, as submitted to EIOPA by solo undertakings or insurance groups from the European Economic Area. The results show that proportionality is implemented...
Stress test

2021 Insurance stress test report

Financial stability

Financial Stability Report December 2021

The December 2021 Financial Stability Report examined key macroeconomic developments, including the effects of the ongoing COVID-19 pandemic, and the prevalence of risks that are key for the insurance and pension sectors.
IORP

Report on Cross-border IORPs

Supervision

Report on the independence of National Competent Authorities

The report takes stock of the situation on NCAs independence along key aspects i.e. operational independence, financial independence, personal independence as well as accountability and transparency. It should be noted that this report does not represent an assessment of NCAs independence. Rather...
Supervision

Failures and near misses in insurance

The report aims at enhancing super­visory knowledge on the prevention and management of insurance failures, based on the information contained in the EIOPA data­base, which comprises a sample of 219 affected insurance undertakings in 31 European countries, dating back from 1999 to 2020.