Supervisory Statements aim to present findings on current practices observed and indicate areas for improvement focusing on expectations. The statements do not set absolute requirements.
They are directed to NCAs as well as to insurance and reinsurance undertakings.
Supervisory Statements are issued under Article 29 (2) of the Regulation (EU) No 1094//2010 and aim to address divergent practices in areas of the framework where the rules are concretely defined and divergent practices are mainly driven by different supervisory practices.
Filter by
Supervisory statements (29)
RSSEIOPA acknowledges that reinsurance is, and should remain, an international cross-border business that leverages the global diversification of risks and offers numerous advantages to insurance undertakings. However, it is important to assess the actual risk mitigation taking place.
- Documents type
- Supervisory statement
- Topics type
- Supervision
- Equivalence
The supervisory statement on differential pricing practices aims at eliminating price-setting strategies which lead to the unfair treatment of customers.
- Documents type
- Supervisory statement
- Topics type
- Supervision
The European Supervisory Authorities (ESAs) and the ECB are committed to contributing to the transition towards a more sustainable economy within their respective mandates.
- Documents type
- Supervisory statement
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
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
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
- Supervision
- Cyber Risks
- Cyber insurance
As the frequency of systemic events increases, there is a risk that insurance products covering them become unaffordable or unavailable. At the same time, products covering such events or products silent about the coverage may explicitly exclude them in the future. These developments have the...
- Documents type
- Supervisory statement
- Topics type
- Supervision
The objective of this Supervisory Statement is to achieve a high, effective and consistent level of regulation and national supervision promoting a level playing field and the protection of retail investors.The ‘What is this product?’ section is the first descriptive section of the KIDand is an...
- Documents type
- Supervisory statement
- Topics type
- PRIIPs
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
Updated Joint ESA Supervisory Statement on the application of the Sustainable Finance Disclosure Regulation
- Documents type
- Supervisory statement
- Topics type
- Sustainability
- Disclosure
Supervisory Convergence Plan for 2022
- Documents type
- Supervisory statement
- Topics type
- Supervision
With this statement EIOPA highlights that while value for money is embedded already within product oversight and governance requirements, more convergence is needed in practical supervisory implementation.
- Documents type
- Supervisory statement
- Topics type
- Consumer protection
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
Supervisory statement on supervisory practices and expectations in case of breach of the solvency capital requirement
- Documents type
- Supervisory statement
- Topics type
- Solvency requirements
- Supervision
Update (27.07.2021): Please note that the European Commission has sent on 8 July 2021 aletterto the European Parliament and Council announcing that it intends to bundle all 13 Regulatory Technical Standards (RTS) in a single delegated act and to defer the application of 1 January 2022 by six...
- Documents type
- Supervisory statement
- Topics type
- Sustainability
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
- IORP
- Supervision
- Supervisory framework
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-19
- Reporting
- Solvency II
- Supervision
Supervisory Statement on the Solvency II recognition of schemes based on reinsurance with regard to COVID-19 and credit insurance
- Documents type
- Publication
- Supervisory statement
- Topics type
- COVID-19
- Solvency II
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
- Publication
- Supervisory statement
- Topics type
- Consumer protection
- COVID-19
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
- Recommendation
- Supervisory statement
- Topics type
- COVID-19