Document library

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

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

Risk assessment | Financial stability

Financial Stability Report December 2020

The December 2020 Financial Stability Report sheds light on the financial stability risks in the European insurance and pension sector.
Brexit | Consumer protection

Consumer guide: What should you do if you have a life insurance policy or pension from the UK?

This consumer guide provides practical information for consumers with a life insurance policy or pension from the UK and living in the European Union or considering moving residence from the UK to the EU. Note: The translations of the Brexit Consumer Guide into the official EU languages listed...
Reporting | Solvency II

Reporting and disclosure: quantitative reporting templates

This document is provided in addition to EIOPA’s Opinion on the 2020 review of Solvency II. It covers the Individual Quantitative Reporting Templates (QRTs) at solo and group level, including Financial Stability Reporting and aims to provide stakeholders the full view of the future reporting and...
Solvency II

Opinion on the 2020 review of Solvency II

EIOPA's Opinion on the Solvency II directive is part of the process to review the directive. The measures proposed aim at keeping the regime fit for purpose by introducing a balanced update of the regulatory framework, reflecting better the economic situation and completing the missing elements...
Solvency II

Factsheet: overview on EIOPA's Opinion on the 2020 review of Solvency II

The introduction of Solvency II in January 2016 was a milestone. The insurance industry now uses a risk-based approach to assess and mitigate risks. It also has better aligned capital to the risks it runs. Insurers have significantly strengthened their governance models and their risk management...
IDD

Annual Report on administrative sanctions and other measures under the Insurance Distribution Directive (IDD)

This Report provides an overview of the administrative sanctions or other measures imposed by national competent authorities (NCAs) under the Insurance Distribution Directive (IDD). This is EIOPA’s first annual report regarding the information on sanctions it is required to publish under the IDD...
Protection gap | Sustainability

The pilot dashboard on insurance protection gap for natural catastrophes

This is the first pilot dashboard which depicts the insurance protection gap for natural catastrophes. The aim is to represent the drivers of a climate-related insurance protection gap in order to identify measures that will help in decreasing society’s losses in the event of natural catastrophes...
Long-term guarantees measures | Solvency II

Report on long-term guarantees measures and measures on equity risk 2020

This report on the LTG measures and the measures on equity risk is the fifth and last annual report. The LTG measures are the extrapolation of risk-free interest rates, the matching adjustment, the volatility adjustment, the extension of the recovery period in case of non-compliance with the...
Solvency II | Solvency requirements | Sustainability

Discussion Paper: Methodology on potential inclusion of climate change in the nat cat standard formula

This Discussion Paper is a follow-up to EIOPA’s Opinion on Sustainability within Solvency II (EIOPA, 2019). The opinion highlighted that further work is needed to investigate whether additional climate change-related perils such as droughts and wildfire could be better captured in the Solvency II...
Cross-border | Supervision

Peer Review on EIOPA’s Decision on the collaboration of the insurance supervisory authorities

This peer review analyses supervisory practices related to the decision concerning the collaboration amongst supervisory authorities in relation to insurance cross-border activities, data storage and portfolio transfer. It contains the main findings and recommended actions to the National...
Taxonomy | Sustainability | Disclosure

Consultation on EIOPA advice regarding Article 8 of the Taxonomy Regulation

This consultation refers to the relevant ratios to be mandatorily disclosed by insurers and reinsurers falling within the scope of the Non-Financial Reporting Directive as well as on the methodologies to build those ratios. In this consultation, EIOPA considers whether the mandatory ratios of non-...
Supervisory framework

Consultation on Statement on supervisory practices and expectations in case of breach of the Solvency Capital Requirement

EIOPA is gathering feedback on this statement which aims to promote supervisory convergence in the application of the supervisory ladder, in particular addressing the recovery plan required in case of breach of the SCR. EIOPA carries out this consultation in accordance with Article 29(2) of...
IORP | Supervision | Supervisory framework

Supervisory Statement on the sound practices within the registration or authorisation process of IORPs

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...
Sustainability

Letter from the European Commission to the ESAs on the application of Regulation (EU) 2019/2088 on the sustainability-related disclosures in the financial services sector

Letter from the European Commission regarding the application of Regulation (EU) 2019/2088 on the sustainability related disclosures in the financial services sector and related technical standards.
Statistics | Financial stability

European Insurance Overview 2020

The Annual European Insurance Overview is an easy-to-use and accessible overview of the European (re)insurance sector. The report is based on annually reported Solvency II information. This ensures that the data has a high coverage in all countries and is reported in a consistent manner across the...
Supervisory framework | Innovation

Guidelines on information and communication technology security and governance

In accordance with Article 16 of Regulation (EU) No 1094/20104 EIOPA issues these Guidelines addressed to the supervisory authorities to provide guidance on how insurance and reinsurance undertakings should apply the governance requirements foreseen in Directive 2009/138/EC5 (“Solvency II Directive...
Oversight | Supervision

EIOPA’s approach to the supervision of product oversight and governance

The Insurance Distribution Directive (IDD) (1) Product Oversight and Governance (POG) requirements aim at ensuring that the interests of customers take prime importance during product design and throughout the lifecycle of a product, including within arrangements for its distribution. This document...
ORSA | Scenario analysis | Sustainability

Consultation on the draft Opinion on the supervision of the use of climate change risk scenarios in ORSA

The consultation is a follow-up to last year’s Opinion on Sustainability within Solvency II , which recommended that (re)insurers consider climate risks beyond the one-year time horizon through the system of governance, risk-management system and the Own Risk and Solvency Assessment (ORSA). The...
Organisation

Single Programming Document 2021-2023, including Annual Work Programme 2021

This Single Programming Document sets out the activities that EIOPA plans to undertake in the period 2021-2023 in order to deliver on our four strategic objectives: Driving forward conduct of business regulation and supervision to the benefit of consumers Leading supervisory convergence to ensure...