Motivated by the recent introduction of regulatory stress tests in the Solvency II framework, we study the impact of the re-estimation of the tail risk and of loss absorbing capacities on post-stress solvency ratios. Our contribution is threefold. First, we build the first stylised model for re...

According to Art 73 of the Regulation of EBA, EIOPA and ESMA (the ESAs) referring to language arrangements, the ESAs issue their Guidelines in all EU official languages (with the exception of Irish, according to Council Regulation (EU) No 1257/2010).

Draft Implementing Technical Standards on the Insurance Product Information Document

Guidelines on Facilitating an Effective Dialogue between Insurance Supervisors and Statutory Auditors

Memorandum of Understanding between EIOPA and the Bermuda Monetary Authority (BMA)

EIOPA’s mission is to protect the public interest by contributing to the short-, medium- and long-term stability and effectiveness of the financial system, for the EU economy, its citizens and businesses. This mission is pursued by promoting a sound regulatory framework and consistent supervisory...

Final Report Good Supervisory Practices for Reducing Mechanistic Reliance on Credit Ratings

Financial Stability Report December 2016

This study proposes the potential methodological approach to be utilized by regulators when setting up a Long-Term Rate (LTR) for the evaluation of insurers’ liabilities beyond the last liquid point observable in the market. Our approach is based on the optimization of two contradictory aspects –...

This paper investigates the effect of the conventional and unconventional (e.g. Quantitative Easing) monetary policy intervention on the insurance industry. We first analyse the impact on the stock performances of 166 (re)insurers of the last Quantitative Easing programme launched by the ECB by...

Peer review of the statement of investment policy principles for IORPs

Report on Good Practices on Communication Tools and Channels for communicating to occupational pension scheme members

Peer Review on the NCAs’ governance of colleges

Memorandum of Understanding between EIOPA and the China Insurance Regulatory Commission (CIRC)

Financial Stability Report June 2016

Under the current low yield environment insurers are changing their business models and looking for new investment and business opportunities. This is also reflected in an increasing interest in mergers and acquisitions to achieve sufficient returns. However, there is no clear answer in the...

Peer review on freedom to provide services

Regulatory technical standards for risk-mitigation techniques for OTC derivative contracts not cleared by a central counterparty

Summary of the Annual Report 2016