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European Insurance and Occupational Pensions Authority

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  • General publications

EIOPA Supervisory Assessment of the Own Risk and Solvency Assessment

This report outlines the EIOPA's analysis of the first supervisory experiences regarding the application of the regulation on the Own Risk and Solvency Assessment (ORSA) by (re)insurance undertakings. This assessment is part of the undertakings' risk management and regulated by Article 45 of the...

Documents type
Supervisory statement
Topics type
Risk assessmentSolvency II
  • General publications

Joint Guidelines on Risk Factors

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).

Documents type
Guidelines
Topics type
Supervision
  • General publications

Re-evaluation of the capital charge in insurance after a large shock

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...

Documents type
Thematic article
Topics type
Financial stability
  • General publications

EIOPA Annual Report 2017

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...

Documents type
Annual report
Topics type
Organisation
  • General publications

Updating the Long Term Rate in Time: A Possible Approach

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 –...

Documents type
Thematic article
Topics type
Financial stability
  • General publications

The Impact of the Monetary Policy Interventions on the Insurance Industry

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...

Documents type
Thematic article
Topics type
Financial stability