Document library

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

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

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...
Sustainability

ESA's letter to Vice-President Dombrovskis on the Consultation on a Renewed Sustainable Finance Strategy

The European Supervisory Authorities (ESAs) welcome the European Commission’s consultation on a Renewed Sustainable Finance Strategy as part of its European Green Deal. The ESAs support the Commission’s ambition to strengthen the European policy framework to enhance the resilience of the financial...
Consumer protection | COVID-19

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...
Stress test | Sustainability

Second Discussion Paper on Methodological Principles of Insurance Stress Testing

This second Discussion Paper is structured in three sections addressing the following topics: Stress test framework on climate change Approach to liquidity stress testing Multi-period framework for the bottom-up insurance stress testing The Discussion Paper is open for comments until Friday, 2...
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...
Organisation | IORP

Decision on EIOPA's regular information requests towards NCAs regarding the provision of occupational pensions information

The first Decision on EIOPA's regular information requests towards NCAs regarding IORPs was adopted in April 2018. Its business requirements were mainly based on Solvency II 2.2.0 and the taxonomy was partially implemented in line with Solvency II taxonomy 2.3.0. On 2 June, EIOPA BoS approved...
Organisation

Annual report 2019

Throughout the course of 2019, EIOPA continued to play an essential role in the supervision of insurance and pensions in Europe, working closely with national supervisory authorities, European institutions and other stakeholders to fulfil its strategic objectives set out in its annual work...
Reporting

Letter to EVP Dombrovskis from ESAs Chairs regarding the public consultation on revising the Non-Financial Reporting Directive

Dear Vice-President Dombrovskis, The European Supervisory Authorities (ESAs) welcome the European Commission’s consultation on the revision of the Non-Financial Reporting Directive (NFRD). The Commission’s consultation document addresses a number of important aspects of the future of the NFRD, and...
Digitalisation

Discussion paper on (re)insurance value chain and new business models arising from digitalisation

Technology continues to evolve, bringing new opportunities, social change and new expectations for consumers. In response, insurance undertakings and intermediaries continue to develop and revise their business models, often in increased co-operation with third parties (e.g. BigTech companies and...
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.
Sustainability | Disclosure of adverse impacts

Joint Consultation concerning environmental, social and governance (ESG) disclosures

The European Supervisory Authorities (ESAs) invite comments on all matters in this consultation paper on ESG disclosures under Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial sector (hereinafter “SFDR”) and in particular on the specific questions summarised in...
COVID-19

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...
Solvency II | Supervisory framework

Opinion on the supervision of remuneration principles in the insurance and reinsurance sector

This Opinion addresses how to ensure consistent practices in the application of the remuneration principles included in Solvency II. While the Solvency II framework provides for provisions of remuneration for sound and prudent management, the remuneration principles defined in the Delegated...
Consumer protection

Cost and past performance 2020 report

COVID-19 | Solvency II | XBRL

Solvency 2.4.0 Taxonomy