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European Insurance and Occupational Pensions Authority

Supervisory statements

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Supervisory statements (28)

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  • General publications

Supervisory Statement on the use of governance arrangements in third countries

The aim of this Supervisory Statement is to ensure appropriate supervision and monitoring of the compliance of insurance undertakings and intermediaries with the requirements of the relevant EU legislation in relation to their governance arrangements in third countries.

Documents type
Supervisory statement
Topics type
Supervision
  • General publications

Supervisory statement on inflation

The Supervisory Statement addresses the main impacts of inflation on insurance and reinsurance undertakings, which may affect both life and non-life business.Itis issued to support the end of the year Solvency II calculations. The impact of the inflation is undertaking specific, and this...

Documents type
Supervisory statement
Topics type
Solvency II
  • General publications

Supervisory statement on the management of non-affirmative cyber exposures

The frequency and sophistication of cyber incidents in the financial sector has increased substantiallyover the course of the last few years, as economic and financial activities have been heavily digitalised.Against this backdrop, EIOPA recommends NCAs to dedicate higher attention to the...

Documents type
Supervisory statement
Topics type
SupervisionCyber RisksCyber insurance
  • General publications

Supervisory statement on the supervision of run-off undertakings

The aim of the statement is to ensure that a high-quality and convergent supervision is applied to run-off undertakings and portfolios while taking into account their specific nature and risks, the principle of proportionality and the prudent person principle.

Documents type
Supervisory statement
Topics type
Supervision
  • General publications

Supervisory Statement on ORSA in the context of COVID-19

The supervisory statement on Own Risk and Solvency Assessment (ORSA) in the context of COVID-19 pandemicfocuses on the supervision of the internal processes of undertakings that are necessary for having a good quality ORSA in place.The statement is accompanied with the resolution of comments from...

Documents type
Supervisory statement
Topics type
ORSA
  • General publications

Supervisory Statement on the sound practices within the registration or authorisation process of IORPs

The European Insurance and Occupational Pensions Authority (EIOPA) provides this Supervisory Statement on the basis of Article 29(2) of Regulation (EU) No 1094/2010 to promote common supervisory approaches and practices.This Supervisory Statement is based on Directive (EU) 2016/2341 (‘the IORP II...

Documents type
Supervisory statement
Topics type
IORPSupervisionSupervisory framework
  • General publications

EIOPA Statement on Solvency II supervisory reporting in the context of COVID-19

Following EIOPA’s Recommendations of 20 March 2020 on annual and quarterly reporting and publication deadlines, EIOPA considers that insurance and reinsurance undertakings should now be in condition to comply with the deadlines provided in the Solvency II framework.

Documents type
Supervisory statement
Topics type
COVID-19ReportingSolvency IISupervision
  • General publications

Supervisory expectations on Product Oversight and Governance requirements amidst the COVID-19 situation

Following the statement issued on 1 April 2020 on mitigating the impact of the COVID-19 situation on consumers, and taking into account different measures taken by a number of insurance manufacturers, EIOPA considers it important to further clarify its expectations on the application of Product...

Documents type
PublicationSupervisory statement
Topics type
Consumer protectionCOVID-19
  • General publications

Statement on principles to mitigate the impact of Coronavirus/COVID-19 on the occupational pensions sector

1. The European Insurance and Occupational Pensions Authority (EIOPA) has been closely monitoring the coronavirus/COVID-19 developments in relation to the occupational pensions sector. As long-term investors Institutions for Occupational Retirement Provision (IORPs) can play a stabilising role in...

Documents type
RecommendationSupervisory statement
Topics type
COVID-19
  • General publications

EIOPA statement on dividends distribution and variable remuneration policies in the context of COVID-19

EIOPA considers that it is essential to ensure the access to and continuity of insurance services, safeguarding the ability of the insurance sector to continue to perform its role as risk transfer mechanism from citizens and businesses and its capacity to mobilize savings and invest them in the...

Documents type
RecommendationSupervisory statement
Topics type
COVID-19Financial stability