Document library

Reports, opinions, papers, technical standards, guidelines, surveys, etc

Reports, documents and other publications dated before 2018 can be found in the archive.

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...
PRIIPs

Joint ESA Supervisory Statement on expectations regarding the 'What is this product' section in PRIIPs KID

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 KID and is an...
Innovation

Feedback Statement on blockchain and smart contracts in insurance

On 29 April 2021, EIOPA launched a public consultation on a ‘ Discussion paper on blockchain and smart contracts in insurance ’ with the aim of providing a high-level overview of risks and benefits of blockchain and smart contracts in insurance from a supervisory perspective as well as to gather...
Regulation | Sustainability

Consultation on sustainability disclosures for Simple, Transparent and Standardised securitisations

The European Supervisory Authorities (EBA, EIOPA and ESMA) published a Consultation Paper seeking input on draft Regulatory Technical Standards (RTS) on the content, methodologies and presentation of information in respect of the sustainability indicators for Simple, Transparent and Standardised (...
Regulation | PRIIPs

Technical advice on the review of PRIIPs Regulation

This Report presents the European Supervisory Authorities’ (ESAs) technical advice to the Commission on Regulation (EU) No 1286/2014 (PRIIPs Regulation) 1 following a request received from the Commission on 27 July 20212 . It will serve as input to the Commission’s work to develop a strategy for...
Consumer protection

Technical advice on Retail Investor Protection

On 27 July 2021, EIOPA received a request from the European Commission, as part of its Retail Investment Strategy, to provide technical advice on a number of specific areas in the field of retail investor protection such as enhancing consumer disclosures, tackling damaging conflicts of interest in...
Reporting

Public consultation on the revised Decision on EIOPA's regular information request towards NCAs regarding the provision of occupational pensions information

The aim of the public consultation is to improve IORPs reporting focusing on emerging risks and new challenges and issues observed by NCAs and pensions industry since its first implementation in 2018. In the consultation package EIOPA proposes to amend its current Decision by including the...
Solvency II

Final Reports on the revision of EIOPA Guidelines on Contract Boundaries and Guidelines on the Valuation of Technical Provisions

During the 2020 review of Solvency II EIOPA identified several divergent practices regarding contract boundaries assessment and the valuation of best estimate, as presented in the analysis background document to EIOPA’s Opinion on the 2020 review of Solvency II. Divergent practices require...
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.
Sustainability | IDD

Public consultation on draft Guidelines on integrating the customer’s sustainability preferences in the suitability assessment under the IDD

EIOPA’s draft Guidelines provide guidance on: How to help customers better understand the concept of “sustainability preferences” and their investment choices; The collection of information on sustainability preferences from customers; How to match customer preferences with products, based on the...
Stress test | Disclosure

Opinion to institutions of the European Union on individual disclosures in the context of EU-wide stress test exercises

The present Opinion calls for a consistent and disciplined communication of individual stress test results to enhance market discipline, increase stress test participants’ commitment and contribute to a level playing field among insurers and across the financial sector.
Supervision

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.
Consumer protection

Cost and past performance report 2022

Reporting | Disclosure

Draft Amended Implementing Technical Standards (ITS) on supervisory reporting and disclosure

The amendments have been publicly consulted in 2021 and based on the feedback received further reviewed and in many cases changes introduced in line with the comments received. The current draft is considered by EIOPA balanced and is expected to bring several benefits, which will ultimately lead to...
Stress test

2021 Insurance Stress Test Recommendations

This document outlines EIOPA's recommendations to supervisors and insurers based on the learnings and experience of the 2021 Insurance Stress Test.
Supervision | Digitalisation

Warning to consumers on the risks of crypto-assets

The European Supervisory Authorities (EBA, ESMA and EIOPA – the ESAs) warn consumers that many crypto-assets are highly risky and speculative. The ESAs set out key steps consumers can take to ensure they make informed decisions. This warning comes in the context of growing consumer activity and...