Supervision | Supervisory framework
EIOPA identified business model sustainability and adequate product design as two Union-wide strategic supervisory priorities relevant for national competent authorities (NCAs). Following the revised EIOPA Regulation, NCAs shall take those priorities into account when drawing up their work...
Supervision | Supervisory framework | Organisation
One of the main goals of EIOPA is to ensure a high, effective and consistent level of supervision across Europe, with the aim of guaranteeing a similar level of protection of policyholders and beneficiaries across jurisdictions, preventing supervisory arbitrage and guaranteeing a level playing...
Shared resilience solutions | Protection gap | Sustainability | COVID-19
EIOPA staff paper on measures to improve the insurability of business interruption risk in light of pandemics
In this paper, EIOPA analyses options relating to prevention measures to reduce losses, capital markets risk transfer, and multi-peril solutions for systemic risk. It also addresses the general challenges related to modelling and triggers for claims in the context of pandemics. EIOPA invites all...
Digitalisation | Cyber Risks | Innovation
Sustainability | Disclosure
The European Supervisory Authorities (ESAs) have developed through the Joint Committee (JC) draft Regulatory Technical Standards (RTS) with regard to the content, methodologies and presentation of sustainability-related disclosures under empowerments Articles 2a, 4(6) and (7), 8(3), 9(5), 10(2) and...
Consumer protection | COVID-19
The Consumer Trends Report 2020 and the risk heat-map provide a snapshot of the impact of the COVID-19 crisis on the insurance and pension sector from a consumer protection perspective as of 30 June 2020.
Draft implementing technical standards amending Implementing Regulation (EU) 2016/1800 on the allocation of credit assessments of external credit assessment institutions to an objective scale of credit quality steps
Public consultation to amend the Implementing Regulations on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs) for credit risk to reflect the outcomes of a monitoring exercise on the adequacy of existing mappings. The Implementing Regulations are part of the EU...
Public consultation on open insurance, focused on access to and sharing of insurance-related data. In the Discussion Paper, EIOPA explores questions on whether and how far insurance value chains should be ‘opened’ up by the sharing of insurance-related and specific policyholder data amongst...
The objective of the capital add-on measure is ensure that the regulatory capital requirements reflect the risk profile of the undertaking or of the group. This analysis included in the report is based on 2019 year-end data collected under Directive 2009/138/EC (Solvency II) as reported by the...
Risk assessment | Stress test
The paper sets out methodological principles that can be used to design bottom-up stress test exercises to assess the vulnerability of insurers to liquidity shocks. The conclusions are based on the current understanding and knowledge of the liquidity risk in the insurance industry.
Final Report on draft implementing technical standards on the reporting of intra-group transactions and risk concentration
Regulation | Sustainability
ORSA | COVID-19
The statement promotes convergence by guiding undertakings through common supervisory expectations on the ORSA in the current situation triggered by the pandemic, taking into account that the impact on each individual undertaking can differ depending on its specific risk profile. A proper balance...
1. The European Commission, the European Insurance and Occupational Pensions Authority (EIOPA) and the Financial Services Agency (FSA) have been cooperating closely on regulatory and supervisory matters over the years. Our strong cooperation has been built on a number of close exchanges and...