News

The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) launched today a public consultation to amend the Implementing Regulations on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs) for credit risk. The amendments are...

The European Insurance and Occupational Pensions Authority (EIOPA) published today its annual Report on the use of capital add-ons during 2019. The objective of the capital add-on measure is ensure that the regulatory capital requirements reflect the risk profile of the undertaking or of the group...

The European Insurance and Occupational Pension Authority (EIOPA) launched today a public consultation on open insurance, focused on access to and sharing of insurance-related data. In its Discussion Paper, EIOPA explores questions on whether and how far insurance value chains should be ‘opened’...

The European Insurance and Occupational Pensions Authority (EIOPA) published today the second paper in a series of papers on the methodological principles of insurance stress testing. The Methodological Paper is a follow-up to the consultation with stakeholders and focuses on the liquidity...

The European Supervisory Authorities - ESAs (the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority) submitted today to the European Commission the final Report on the draft Implementing Technical Standards (ITS)...

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) published today its decision in relation to an alleged non-application of Union law by eight...

The European Insurance and Occupational Pensions Authority (EIOPA) issued today a call for experts to join a Practitioners Network on Pension Tracking Systems (Network) to strengthen and complement EIOPA's expertise with regard to the internet-based applications that provide citizens with an...

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 to dismiss the appeal brought by the credit rating agency Scope Ratings...

On 5 March 2019, the European Insurance and Occupational Pensions Authority (EIOPA) and all national competent authorities (NCAs) of the European Economic Area (EEA) with competencies in insurance agreed memoranda of understanding (MoUs) with the Bank of England in its capacity as the Prudential...

A call for expression of interest by the European Commission for the appointment of members of the ESA’s Board of Appeal for the financial services sector has been launched.Closing date for applications to the European Commission is 8 February 2021.Go to the call

The European Insurance and Occupational Pensions Authority (EIOPA) published today a consultation on the Supervisory Statement on Own Risk Solvency Assessment (ORSA) in the context of COVID-19.The statement promotes convergence by guiding undertakings through common supervisory expectations on the...

The European Insurance and Occupational Pensions Authority (EIOPA) published today its December Financial Stability Report that sheds light on the financial stability risks in the European insurance and pension sector.Although financial markets have gradually stabilised after the initial sharp...

The European Insurance and Occupational Pensions Authority (EIOPA) issued today a one-page guide targeted for consumers that have a life insurance policy or pension from the United Kingdom (UK) and living in the European Union or considering moving residence from the UK to the EU. The fact that...

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.