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European Insurance and Occupational Pensions Authority
News article30 November 20201 min read

EIOPA consults on insurers’ key performance indicators on sustainability for non-financial reporting

EIOPA sustainable finance

The European Insurance and Occupational Pensions Authority (EIOPA) started today a consultation on 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. Hereby, EIOPA responds to a call for advice, addressed to the three European Supervisory Authorities, to support the European Commission in developing the definitions and methodologies to be used for the disclosure requirements stemming from the Taxonomy Regulation.

In this consultation, EIOPA considers whether the mandatory ratios of non-financial undertakings, as set out in the Taxonomy Regulation, are relevant and appropriate to depict insurance and reinsurance activities or whether they need to be ‘translated’ to the most appropriate and comparable key performance indicators for insurance and reinsurance businesses.

EIOPA suggests requiring two most relevant key performance indicators on sustainability that depict the extent to which: 

  • the insurer or reinsurer carries out taxonomy-relevant activities - in relation to non-life gross premiums written
  •  the insurer or reinsurer helps funding taxonomy-related activities - in relation to total assets

EIOPA seeks feedback and comments on the proposed ratios and regarding potential alternative measures, necessary disclosures around the approaches taken and methodologies used as well as on the expected impact of the future mandatory disclosures.

In accordance with the European Commission’s call for advice, EIOPA closely cooperates with the two other European Supervisory Authorities to ensure consistent and coherent recommendations from the three authorities.

The public consultation is open from 30 November 2020 to 12 January 2021.

Go to the survey

Following the public consultation, EIOPA will finalise its advice and submit to the European Commission in February 2021.


Publication date
30 November 2020