Reports and research

Risk assessment | Financial stability

Financial Stability Report December 2020

The December 2020 Financial Stability Report sheds light on the financial stability risks in the European insurance and pension sector.
Brexit | Consumer protection

Consumer guide: What should you do if you have a life insurance policy or pension from the UK?

This consumer guide provides practical information for consumers with a life insurance policy or pension from the UK and living in the European Union or considering moving residence from the UK to the EU. Note: The translations of the Brexit Consumer Guide into the official EU languages listed...
Reporting | Solvency II

Reporting and disclosure: quantitative reporting templates

This document is provided in addition to EIOPA’s Opinion on the 2020 review of Solvency II. It covers the Individual Quantitative Reporting Templates (QRTs) at solo and group level, including Financial Stability Reporting and aims to provide stakeholders the full view of the future reporting and...
Solvency II

Factsheet: overview on EIOPA's Opinion on the 2020 review of Solvency II

The introduction of Solvency II in January 2016 was a milestone. The insurance industry now uses a risk-based approach to assess and mitigate risks. It also has better aligned capital to the risks it runs. Insurers have significantly strengthened their governance models and their risk management...
IDD

Annual Report on administrative sanctions and other measures under the Insurance Distribution Directive (IDD)

This Report provides an overview of the administrative sanctions or other measures imposed by national competent authorities (NCAs) under the Insurance Distribution Directive (IDD). This is EIOPA’s first annual report regarding the information on sanctions it is required to publish under the IDD...
Long-term guarantees measures | Solvency II

Report on long-term guarantees measures and measures on equity risk 2020

This report on the LTG measures and the measures on equity risk is the fifth and last annual report. The LTG measures are the extrapolation of risk-free interest rates, the matching adjustment, the volatility adjustment, the extension of the recovery period in case of non-compliance with the...
Cross-border | Supervision

Peer Review on EIOPA’s Decision on the collaboration of the insurance supervisory authorities

This peer review analyses supervisory practices related to the decision concerning the collaboration amongst supervisory authorities in relation to insurance cross-border activities, data storage and portfolio transfer. It contains the main findings and recommended actions to the National...
Statistics | Financial stability

European Insurance Overview 2020

The Annual European Insurance Overview is an easy-to-use and accessible overview of the European (re)insurance sector. The report is based on annually reported Solvency II information. This ensures that the data has a high coverage in all countries and is reported in a consistent manner across the...
Oversight | Supervision

EIOPA’s approach to the supervision of product oversight and governance

The Insurance Distribution Directive (IDD) (1) Product Oversight and Governance (POG) requirements aim at ensuring that the interests of customers take prime importance during product design and throughout the lifecycle of a product, including within arrangements for its distribution. This document...
COVID-19 | Risk assessment

Report on risks and vulnerabilities in the EU financial system

The outbreak of the Coronavirus has brought huge social disruptions and unprecedented economic challenges, with inevitable impact on the EU financial sector. Valuation, liquidity, credit and solvency risks have increased across the board. While liquidity positions of EU banks remained relatively...
Taxonomy | Sustainability | Financial stability

The EU sustainable finance taxonomy from the perspective of the insurance and reinsurance sector

This article investigates how much investment held by insurers may be eligible to the EU sustainable finance taxonomy. To this aim, Solvency II item-by-item investment data is employed. As part of the Green Deal, the Commission presented the European Green Deal Investment Plan, which will mobilize...
Financial stability | Supervision

The impact of EIOPA statement on insurers dividends: evidence from equity market

Abstract In an environment of a quick unfolding crisis with high uncertainty, the European Insurance and Occupational Pensions Authority issued on 2nd April 2020 a statement requesting (re)insurers to suspend all discretionary dividend distributions and share buy backs aimed at remunerating...
Financial stability

EIOPA Financial Stability Report July 2020

During the last months, the Covid-19 outbreak further proved the importance of the Solvency II regulatory framework. The market-consistent and risk based approach helped insurers to better align capital to risk, build-up resilience and enhance the risk management practices, while the adjustments...
Financial stability

Impact of ultra low yields on the insurance sector, including first effects of COVID-19 crisis

In the current macro-financial environment, one of the major concerns for the insurance market is the exceptionally ultra-low/negative level of interest rates. In addition, the Covid-19 outbreak has severely affected the macroeconomic and market conditions worldwide, with the launch of support...
Reporting | Supervision

Peer Review on the Regular Supervisory Report

The main tasks of EIOPA are to enhance supervisory convergence, strengthen consumer protection and preserve financial stability. Through its oversight function, underpinned by the Authority’s founding regulation, EIOPA supports national supervisory authorities in the task of delivering high-quality...
Supervision

Report on Supervisory Activities 2019

A key area of work in 2019 focused on proposing amendments to Solvency II in the context of the 2020 Review of Solvency II as a result of the identification of inconsistencies in the implementation of some areas of Solvency II. This knowledge lead in some cases to proposals to amend the legislative...
Consumer protection | COVID-19

CONSUMER GUIDE: Understand your insurance coverage during Coronavirus/COVID-19 Outbreak

This consumer guide provides information to consumers related to their insurance coverage during the COVID-19/Corona virus outbreak. The guide is currently available in below language versions.
Consumer protection

Cost and past performance 2020 report

Consumer protection

EIOPA Report on the IORP II Pension Benefit Statement Designs

This document describes the process for developing the designs of a pension benefit statement (PBS) and the improvements made after every consultation stage. The PBS designs are meant as examples and are therefore non binding. They were drawn up with the aim of inspiring the NCAs and IORPs in the...