The European Insurance and Occupational Pensions Authority (EIOPA) launched today a consultation to gather feedback from stakeholders on potential inefficiencies, overlaps and inconsistencies in regulatory reporting and disclosure requirements, as well as on possible solutions to address them. The responses received will inform EIOPA’s work on a final report to the European Commission.
As part of the amended Solvency II Directive, EIOPA has been mandated to produce a report on potential measures for an integrated data collection system for Europe’s insurance and pensions sectors that would reduce duplications and inconsistencies, improve data standardisation and data sharing, and reduce compliance costs. These objectives align with EIOPA’s past and ongoing efforts to reduce administrative burdens for supervisors and undertakings, and reflect its recognition of well-structured, reusable data as a strategic asset in EIOPA’s 2030 Strategy.
The Discussion Paper published today provides an overview of the current reporting landscape for insurers and institutions for occupational retirement provision (IORPs) and examines potential ways to streamline and harmonize reporting requirements. It notes that while Europe’s insurance sector has a mature, well-harmonized and deeply integrated reporting system, data collection for IORPs remains fragmented.
Consultation process
EIOPA invites stakeholders to respond to the questions set out in the discussion paper and to provide concrete examples of instances where they faced inconsistencies and/or duplications when reporting data. Feedback should be provided via the dedicated online survey no later than June 10, 2026.
Details
- Publication date
- 13 March 2026