News

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...

Today Petra Hielkema, Chairperson of the European Insurance and Occupational Pensions Authority (EIOPA), participated in the annual hearing of the Economic and Monetary Affairs Committee of the European Parliament.In her introductory statement, Ms Hielkema highlighted some of EIOPA’s key...

The European Insurance and Occupational Pensions Authority (EIOPA) published today its second “Failures and near misses in insurance” report, which now comprises altogether 219 relevant cases from the European insurance sector.The report takes stock of the most common courses of action taken by...

The European Insurance and Occupational Pensions Authority (EIOPA) published today two Opinions on the supervisory reporting of costs and charges by Institutions for Occupational Retirement Provisions (IORPs) and the risk assessment of IORPs that provide defined contribution (DC) schemes.Opinion...

The European Insurance and Occupational Pensions Authority (EIOPA) has outlined its strategic priorities for the coming year, under the overarching goal of building a safe and sustainable EU for citizens in times of transformation.Activities take into account the ongoing effects of COVID-19, the...

The European Insurance and Occupational Pensions Authority (EIOPA) has published the technical information on the symmetric adjustment of the equity capital charge for Solvency II with reference to the end of September 2021.VIEW THE DOCUMENTATION

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 September 2021.RFR information has been calculated on the basis of the content of the Technical...

The European Insurance and Occupational Pensions Authority (EIOPA) welcomes the proposals of the European Commission on the review of Solvency II. The proposals largely share EIOPA’s approach and follow the objectives set in EIOPA’s Opinion from December 2020. EIOPA particularly welcomes the...

The European Insurance and Occupational Pensions Authority (EIOPA) published today its approach for the implementation of Interbank Offered Rates (IBOR) transitions including with regards to timing and implementation.EIOPA will implement the updated methodology for the calculation of the risk-free...

The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) elected today Frank Grund, Chief Executive Director for Insurance and Pension Funds Supervision at theFederal Financial Supervisory Authority (BaFin), Germany as a member of EIOPA’s Management Board. Mr...

The European Insurance and Occupational Pensions Authority (EIOPA) published today its criteria for assessing the independence of supervisory authorities.The independence of supervisory authorities is crucial for the legitimacy and credibility of the supervisory process. For public bodies...