News

The European Insurance and Occupational Pensions Authority (EIOPA) published today its annual report on the use of exemptions and limitations from the regular supervisory reporting by national competent authorities (NCAs) under Solvency II, during 2019 and Q1 2020.Regarding quarterly reporting in...

The European Insurance and Occupational Pensions Authority (EIOPA) has issued today an Opinion on a proposed product intervention measure of Komisja Nadzoru Finansowego of Poland (KNF) under the Packaged Retail and Insurance-Based Investment Products (PRIIPs) Regulation.The KNF has identified...

The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today a Report on the application of their Guidelines on complaints-handling. The Report concludes that the Guidelines have contributed to a consistent approach to complaints-handling across...

The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) re-elected Patrick Montagner, as a member of EIOPA's Management Board for another term of two and a half years. Patrick Montagner is First Deputy Secretary General at ACPR - Autorité de Contrôle...

The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) issued today their first joint risk assessment report of 2021. The report highlights how the COVID-19 pandemic continues to weigh heavily on short-term recovery prospects. It also highlights a number of vulnerabilities in the...

The European Insurance and Occupational Pensions Authority (EIOPA) has completed its analysis of all published general good rules on registration and professional and organisational requirements that could potentially be non-compliant with the Insurance Distribution Directive (IDD).Overall, the...

The Joint Board of Appeal of the European Supervisory Authorities (ESAs – European Banking Authority, European Insurance and Occupational Pensions Authority, and European Securities and Markets Authority) unanimously decided that the appeal brought by an institution that wishes to stay anonymous...

The European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) today published a Joint Opinion on the jurisdictional scope of the obligations of the non-EU parties to securitisations under the Securitisation Regulation (SECR).The purpose of the Joint Opinion is to facilitate the understanding...

The European Insurance and Occupational Pensions Authority (EIOPA) launched today a consultation on revised Guidelines on the use of the Legal Entity Identifier (LEI). LEI is now widely used by the financial industry especially in the European Union, not only for identification of legal entities...

Following the publication of the Delegated Regulation supplementing thePan-European Personal Pension Product (PEPP), EIOPA today launched a survey on potential offering of PEPP.The aim of this survey is to understand the potential take-up by eligible PEPP providers, for example asset managers...

The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) decided yesterday on ashortlist of three candidates for the position of Chairperson of EIOPA, ensuring gender representation. The shortlist has been submitted to the European Parliament's Committee on...

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 Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today three Joint Questions and Answers (Q&A) on RTS 2016/2251 on bilateral margin requirements under the European Markets Infrastructure Regulation (EMIR).The purpose of the Joint Q&As on bilateral margin requirements is...

The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have today issued a Consultation Paper seeking input on draft Regulatory Technical Standards (RTS) regarding disclosures of financial products investing in economic activities that contribute to an environmental investment...

This International Women’s Day, we will be putting women in insurance in the spotlight.While we see many women working in the insurance sector, the truth is that we don’t see as many women in senior roles as we would like.For this reason, we are launching our ‘Women in Insurance’ initiative (...

On February 26, 2021, the European Insurance and Occupational Pensions Authority (EIOPA) exchanged letters with the Japan's Financial Services Agency (FSA) on co-operation in the area of insurance regulation and supervision. The exchange of letters aims to promote mutual understanding, exchange of...

The European Insurance and Occupational Pensions Authority (EIOPA) submitted its advice to the European Commission on the mandatory sustainability disclosure of insurers’ and reinsurers’ key performance indicators within the scope of the Non-Financial Reporting Directive.Relevant, comparable and...

The European Insurance and Occupational Pensions Authority (EIOPA) launched today a European-wide comparative study on non-life underwriting risk in internal models (NLCS 2020).The objective of the study is to analyse the relative positioning of non-life internal models and to provide a European...

The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have today published a joint supervisory statement on the effective and consistent application and national supervision of the Regulation on sustainability-related disclosures in the financial services sector (SFDR). The...