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RSSEIOPA outlines the principles and guidance for the pension benefit statement
Page ContentThe European Insurance and Occupational Pensions Authority (EIOPA) published today its Report on the "Implementation of IORP II in relation to the Pension Benefit Statement: Guidance and Principles based on Current Practices".The Report is part of EIOPA's work to facilitate the...
ESAs consult on proposed changes to the key information document for PRIIPs
Page ContentThe European Supervisory Authorities (ESAs) have today issued a consultation paper on targeted amendments to the Delegated Regulation covering the rules for the Key Information Document (KID) for Packaged Retail and Insurance-based Investment Products (PRIIPs).The ESAs, on 1 October...
Technical information for Solvency II RFR Term Structures – End October 2018 and update of the source code
Page ContentToday, 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 2018 and an updated version of the source code used for the monthly risk-free...
EIOPA publishes Pensions Information Taxonomy
Page ContentThe European Insurance and Occupational Pensions Authority (EIOPA) published today the XBRL Taxonomy applicable for reporting of information on IORPs (Institutions for Occupational Retirement Provision) as of Q3/2019.This taxonomy provides National Competent Authorities (NCAs) with the...
EIOPA calls for immediate action to ensure service continuity in cross-border insurance
Page ContentIn December 2017, the European Insurance and Occupational Pensions Authority (EIOPA) issued an Opinion on service continuity in insurance linked with the withdrawal of the United Kingdom from the European Union. In the Opinion, EIOPA urged insurance undertakings to take necessary steps...
EIOPA publishes the result of the work of the EU – U.S. Insurance Dialogue Project in 2018
Page ContentEIOPA publishes the result of the work of the EU – U.S. Insurance Dialogue Project in 2018:INSURANCE INDUSTRY CYBERSECURITY ISSUES PAPERTHE CYBER INSURANCE MARKETBIG DATA ISSUE PAPERSUPERVISION OF INTRA-GROUP TRANSACTIONS (IGTs)The papers will serve as a basis for the panel discussions...
Updated technical RFR documentation for the Danish krone and Denmark applicable as of 1 January 2019
Page ContentOn 14 August 2018 the European Insurance and Occupational Pensions Authority (EIOPA) published an updated technical documentation for risk free interest rate term structures (RFR) including a revised methodology for the calculation of the Danish Volatility Adjustment.Due to a technical...
Review of illiquid liabilities and analysis of potential implications: Request for feedback launched
Page ContentOne of the most debated issues before the Solvency II implementation and still nowadays is the treatment of long-term insurance business. In addition to the LTG Review, EIOPA also embarked in work to further explore evidence on the features of liabilities, especially concerning their...
ESAs propose new amendments to technical standards on the mapping of ECAIs
Page ContentThe 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 to reflect...
EIOPA’s Risk Dashboard for the 2Q 2018 shows broadly unchanged risk levels for the EU insurance sector
Page ContentToday, the European Insurance and Occupational Pensions Authority (EIOPA) published its updated Risk Dashboard based on the second quarter 2018 data.The results of the second quarter 2018 show that the risk exposure of the European Union insurance sector remains stable overall. Macro...
Newly appointed Members of EIOPA’s Occupational Pensions Stakeholder Group elect its Chair and Vice Chairs
Page ContentOn 17 October 2018, at its inaugural meeting, the EIOPA Occupational Pensions Stakeholder Group Members elected Bernard Delbecque as its Chair. Bernard Delbecque is Senior Director for Economics and Research at the European Fund and Asset Management Association (EFAMA).Aleksandra...
EIOPA analyses the benefits of IFRS 17 Insurance Contracts
Page ContentToday, the European Insurance and Occupational Pensions Authority (EIOPA) published its analysis of IFRS 17 Insurance Contracts.EIOPA carried out the analysis in light of the upcoming implementation of IFRS 17 to foster a better understanding of the implications and potential impacts...
EIOPA reinforces cooperation in the supervision of cross-border insurance distribution
Page ContentToday, the European Insurance and Occupational Pensions Authority (EIOPA) published a Decision, plus Appendices, on the cooperation of national competent authorities (NCAs) with regard to the supervision of cross-border insurance distribution activities of insurance undertakings and...
ESAs highlight the relevance of legislative changes for the Key Information Document for PRIIPs
Page ContentToday, the European Supervisory Authorities (ESAs) wrote a letter to the European Commission expressing their concerns regarding the possibility of duplicating information requirements for investment funds from 1 January 2020 and the importance of legislative changes to avoid such a...
ESA's Joint Board of Appeal decides on an individual’s appeal against a decision of ESMA
Page ContentThe 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) publishes today its decision in an appeal brought by "V" against the European...
Newly appointed Members of EIOPA’s Insurance and Reinsurance Stakeholder Group elect its Chair and Vice Chair
Page ContentOn 19 September 2018, at its inaugural meeting, the EIOPA Insurance and Reinsurance Stakeholder Group Members elected Greg van Elsen as its Chair. Greg is academic advisor to the European Consumer Organisation (BEUC) and does research on European Union financial consumer protection at...
Interview with Fausto Parente, Executive Director of EIOPA on personal pensions
Page ContentInterview with Fausto Parente, Executive Director of EIOPA on personal pensions conducted by Lukas Blekaitis, the Lithuanian news agency ELTA.
ESAs see return of volatility in new risk report
Page ContentThe European Union’s (EU) securities, banking and insurance sectors continue to face a range of risks, the latest report on risks and vulnerabilities in the EU financial system by the Joint Committee of the European Supervisory Authorities (ESAs) shows.