News

The European Insurance and Occupational Pensions Authority (EIOPA) published today its guidance on integrating the customer’s sustainability preferences in the suitability assessment under the Insurance Distribution Directive (IDD). The Guidance is based on Commission Delegated Regulation (EU)...

The European Insurance and Occupational Pensions Authority (EIOPA) published today the report of the peer review on outsourcing.The peer review assessed the overall maturity of the framework implemented by national supervisory authorities (NSAs) to supervise the outsourced activities of insurance...

The European Insurance and Occupational Pensions Authority (EIOPA) is launching today a three-month-long public consultation relating to a draft supervisory statement on differential pricing practices.For the purpose of the statement, EIOPA understands differential pricing practices as those...

The European Insurance and Occupational Pensions Authority (EIOPA) published today a staff paper that provides an overview of the proposal for an Insurance Recovery and Resolution Directive (IRRD) put forward by the European Commission in September 2021. In its staff paper, EIOPA welcomes the...

The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) today re-elected Åsa Larson, Executive Director of Insurance at the Swedish Financial Supervisory Authority, Finansinspektionen, as member of the EIOPA’s Management Board. Her term on the Management...

The European Supervisory Authorities (ESAs) would like to draw the attention of stakeholders to a Statement by the European Commission concerning the application date of new rules for the Key Information Document (KID) for packaged retail and insurance-based investment products (PRIIPs).The...

The European Insurance and Occupational Pensions Authority (EIOPA) published today its annual report on supervisory activities in 2021. The report highlights the most important deliverables achieved during the year, including a review of the priorities in the field of supervisory convergence to...

The European Insurance and Occupational Pensions Authority (EIOPA) published today its June 2022 Financial Stability Report in which it examines the main trends for the European (re)insuranceand pensions sectors as well as the macroeconomic landscape with its implications.EIOPA notes that the...

The European Insurance and Occupational Pensions Authority (EIOPA) published today two consultation papers on:the supervisory statement on exclusions related to systemic events such as pandemic, natural catastrophes or large cyber-attacks andthe supervisory statement on the management of non...

The development of the Insurance Capital Standard (ICS) by the International Association of Insurance Supervisors (IAIS) has been, since its inception in 2013, recognized by EIOPA as a key step for the enhancement of global financial stability as well as policyholder protection. The IAIS has...

The European Insurance and Occupation Pensions Authority (EIOPA) published today a Feedback Statement on open insurance following a discussion paper and a public consultation on the topic. The document provides a high-level summary of the responses received from stakeholders as well as EIOPA’s...

The European Commission sent a Call for Advice (CfA) to the Joint Committee (JC) of the European Supervisory Authorities on October 18, 2021. In it, the Commission sought the assistance of the JC to assess the recent performance of the rules on capital requirements (for banks and (re)insurance...

The European Insurance and Occupational Pensions Authority (EIOPA) has published its Annual Report 2021, setting out its activities and achievements of the past year.The year 2021 continued under the influence of COVID-19 pandemic. EIOPA carried out a demanding Annual Work Programme and welcomed...

The European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) today published a final report with draft regulatory technical standards (RTS) proposing to amend theCommission Delegated Regulationon the risk mitigation techniques for over-the-counter (OTC) derivatives not cleared by a Central...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published technical information on the relevant risk free interest rate term structures (RFR) with reference to the end of May 2022.RFR technical information has been calculated on the basis of the content of the technical...

The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) today published a statement providing clarifications on the draft regulatory technical standards (RTS) issued under the Sustainable Finance Disclosure Regulation (SFDR), which include the financial product disclosures under...

The European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published a joint Report, which provides a comprehensive analysis on the completeness, adequacy and uniformity of the applicable laws and practices on the withdrawal of license for serious breaches of the rules on anti-money...

The report presents the first results based on a large data collection exercise from the industry. It focuses on property, content and business interruption insurance against windstorm, wildfire, river flood and coastal flood risks. These risks have been identified as the most relevant and...

On 17 May 2022, the European Insurance and Occupational Pensions Authority (EIOPA) issued a recommendation to the Národná banka Slovenska (NBS) in accordance with its powers laid down in Article 17 of the EIOPA Regulation concerning breach of Union law.A Slovakian insurance company, under the...