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The European Insurance and Occupational Pensions (EIOPA) is organising today its 5th Sustainable Finance Roundtable which gathers representatives from supervisors, industry, consumer organisations, and academia to discuss society’s resilience to sustainability risks, the role of insurers and...
The European Insurance and Occupational Pensions Authority (EIOPA) published today a report on developments in cross-border arrangements of Institutions for Occupational Retirement Provision (IORPs).33 cross-border IORPs were active in the European Economic Area (EEA) at the end of 2020. This...
The European Insurance and Occupational Pensions Authority (EIOPA) published today its advice to the European Commission on two pensions tools, the pensiontracking system and the pensions dashboard. The advice is an important step towards raising citizens’ awareness of their future retirement...
The three European Supervisory Authorities (ESAs) – the EBA, EIOPA and ESMA announced today the new composition of their Board of Appeal. The new members and alternates take up their positions as of today, 1 December 2021.The renewal today concerns five members and five alternates whose term will...
In accordance with Article 16b of the EIOPA Regulation, the European Commission has provided answers to a series of Questions & Answers regarding the legal interpretation of provisions of the Insurance Distribution Directive (Directive (EU) 2016/97) and its implementing measures.The Questions &...
The European Insurance and Occupational Pensions Authority (EIOPA) published today a methodological framework for stress-testing IORPs (Institutions for Occupational Retirement Provision) which presents a set of standard approaches, practical rules and possible methodologies to support the design...
The European Insurance and Occupational Pensions Authority (EIOPA) published today its annual Report on the use of capital add-ons during 2020. The objective of the capital add-on measure is to ensure that the regulatory capital requirements reflect the risk profile of the solo undertaking or of...
The European Insurance and Occupational Pensions Authority (EIOPA) published for the first time annual occupational pensions statistics for the reference year 2020. The annual statistics include statistics on balance sheet, asset exposures, contributions, benefits & transfers, expenses, members...
On 30 July 2021, the European Insurance and Occupational Pensions Authority (EIOPA) issued a Recommendation to the National Bank of Slovakia (NBS) to take supervisory actions against an undertaking which pursues cross-border business in several countries. The NBS did not take the recommended...
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 October 2021.In addition to the current official monthly technical information, EIOPA also published...
On the occasion of the 2021 United Nations Climate Change Conference (COP26), EIOPA highlights its commitment to support the insurance and pensions sectors in tackling climate change. Along with other activities in the area of sustainable finance, EIOPA will finalize in 2022 the first European...
Today, the European Insurance and Occupational Pensions Authority (EIOPA) published updated representative portfolios that will be used for calculation of the volatility adjustments (VA) to the relevant risk-free interest rate term structures for Solvency II.EIOPA will start using these updated...
The latest version of the updated Technical documentation can be accessed on the ‘Risk-free interest rate term structures’ section of EIOPA’s website under Background Material.
As of November 2021, based on the published approach for the implementation of Interbank Offered Rates (IBOR) transitions, the European Insurance and Occupational Pensions Authority (EIOPA)will publish monthly calculations of the technical information relating to the risk-free interest rate (RFR)...
The European Insurance and Occupational Pensions Authority (EIOPA) published today its Risk Dashboard based on Solvency II data from the second quarter of 2021. The results show that insurers’ exposures to macro risks remain at a high level while all other risk categories, such as insurance as...
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have delivered to the European Commission (EC) their Final Report with draft Regulatory Technical Standards (RTS) regarding disclosures under the Sustainable Finance Disclosure Regulation (SFDR) as amended by the Regulation on...
The European Supervisory Authorities (ESAs) have opened today a call for evidence regarding the PRIIPs (Packaged retail and insurance-based investment products) Regulation.The input provided will feed into the ESAs’ technical advice to the European Commission on a review of the key information...
The European Insurance and Occupational Pensions Authority (EIOPA) welcomes the Solvency II proposals of the European Commission to give mandates to EIOPA for further action on sustainable finance. EIOPA is convinced that these proposals would contribute positively to a transition into a more...
The three European Supervisory Authorities (ESAs) – the EBA, EIOPA and ESMA – published today their individual reports on the supervisory independence of competent authorities (CAs) in their sectors. Based on the CAs’ self-assessment, the three reports highlight that the independence of CAs is...
October is the European cyber security month. As cyber attacks are a continuing risk for insurers, in this article we are discussing their incidence in the financial industry as a whole and among insurers in particular, why insurers are on the radar and what are the consequences for insurers and...