News

Insurers and pensions funds can play a powerful role in mitigating the impact of climate change and facilitating the transition to a more sustainable and resilient economy.This was one of the key messages that Gabriel Bernardino, Chair of the European Insurance and Occupational Pensions Authority...

The European Insurance and Occupational Pensions Authority (EIOPA) submitted today to the European Commission its Opinion on the Solvency II 2020 Review.EIOPA’s approach has been “evolution not revolution”. The measures proposed aim at keeping the regime fit for purpose by introducing a balanced...

The European Insurance and Occupational Pensions Authority (EIOPA) has published today its first annual report on administrative sanctions and other measures imposed under the Insurance Distribution Directive (IDD) by national competent authorities (NCAs). This first report provides an overview of...

The Chairs of the three European Supervisory Authorities, EBA, EIOPA and ESMA, have issued a comment letter to the IFRS Foundation’s consultation. The joint the letter emphasises the following aspects: (i) the global challenges posed by sustainability for investors and other stakeholders and their...

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.

The European Insurance and Occupational Pensions Authority (EIOPA) published today its sensitivity analysis of climate-change related transition risks in the investment portfolio of European insurers.The report explores current holdings of corporate bonds and equity that can be related to key...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) has published a discussion paper on non-life underwriting and pricing in light of climate change.The discussion paper highlights challenges associated with current non-life underwriting practices and options to ensure the...

Today, the European Insurance and Pensions Authority (EIOPA) published the results of its peer review on the cooperation between supervisory authorities in the European Union (EU) on the supervision of cross-border activities of insurance undertakings. Increased cross-border activity in the EU...

The Joint Committee of the European Supervisory Authorities (ESAs) – ESMA, EBA and EIOPA – wish to highlight the impact in the change of status of ‘Simple, Transparent and Standardised’ (STS) securitisation transactions after the end of the Transition Period on 31 December 2020.For a...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) launched its first pilot dashboard, which depicts the insurance protection gap for natural catastrophes. The aim is to represent the drivers of a climate-related insurance protection gap in order to identify measures that...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) submitted to the European Parliament, the Council of the European Union and the European Commission, its 2020, fifth and last Annual Report on Long-Term Guarantees Measures (LTG) and Measures on Equity Risk.The analysis...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published a discussion paper on a methodology for the potential inclusion of climate change in the Solvency II standard formula when calculating natural catastrophe underwriting risk.This discussion paper is a follow-up to...

The European Insurance and Occupational Pensions Authority (EIOPA) started today a consultation on the relevant ratios to be mandatorily disclosed by insurers and reinsurers falling within the scope of the Non-Financial Reporting Directive as well as on the methodologies to build those ratios...

Today, the Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) re-elected Mr Peter Braumüller, Managing Director of Insurance and Pension Supervision at Austrian Financial Market Authority (FMA) as Vice-Chairperson of EIOPA.In addition, Ms Zuzana Silberova...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published a consultation on the Statement on supervisory practices and expectations in case of breach of the Solvency Capital Requirement (SCR).EIOPA is gathering feedback on this statement which aims to promote supervisory...

The European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA), the European Supervisory Authorities (ESAs), have today published a final report with draft regulatory technical standards (RTS)...

The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) decided yesterday not to draw up at this moment in time a shortlist of qualified candidates for the position of EIOPA Chairperson, but to launch a new selection procedure. The new recruitment procedure...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published a supervisory statement on the sound supervisory practices for registering or authorising Institutions for Occupational Retirement Provision (IORPs), including the assessment of suitability for cross-border...