News

Today, the European Insurance and Occupational Pensions Authority (EIOPA) finalised the Guidelines on Information and Communication Technology (ICT) Security and Governance.These guidelines shall provide guidance to national supervisory authorities and market participants on how regulation...

Today Gabriel Bernardino, Chairman of the European Insurance and Occupational Pensions Authority participated in a hearing of the Economic and Monetary Affairs Committee of the European Parliament.In his introductory statement, Mr Bernardino touched on the steps taken to mitigate the impact of...

As of September 2020, the European Insurance and Occupational Pensions Authority (EIOPA) has discontinued producing and publishing extraordinary processes for risk-free interest rate term structures (RFR) and symmetric adjustment to equity risk (EDA).EIOPA will continue to monitor the financial...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) outlined its approach to the supervision of product oversight and governance (POG) requirements. This should support insurance manufacturers and distributors when implementing their own POG policies as well as to facilitate...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published a consultation on the use of climate change risk scenarios in the Own Risk and Solvency Assessment (ORSA) in the form of a draft supervisory Opinion.In EIOPA’s view, it is essential to foster a forward-looking...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) launched a European-wide comparative study on diversification in internal models. The objective of the study is threefold:to gain an overview of the current approaches in the market and, on best effort basis, analyse and...

The European Insurance and Occupational Pensions Authority (EIOPA) has set out its priorities for 2021-2023 taking into account the current market situation in the light of the COVID-19 pandemic, as well as the political priorities defined by the European Commission.COVID-19 crisis management...

Today, the European Insurance and Occupational Pension Authority (EIOPA) launched a consultation on EIOPA’s Supervisory Statement on the use of risk mitigation techniques by insurance and reinsurance undertakings. The aim of this statement is to promote supervisory convergence on the assessment of...

The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) has decided to extend the term of Fausto Parente, the current Executive Director of EIOPA, for another five years. The decision is based on the evaluation of the work delivered during the first mandate...

EIOPA submitted to the European Parliament its opinion on the discharge decision. The document, adopted by the Board of Supervisors, provides an overview of the measures taken by EIOPA in the light of the observations and comments made by the European Parliament in respect of the implementation of...

The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) have issued their first joint risk assessment Report of the financial sector since the outbreak of the COVID-19 pandemic. The Report highlights how the pandemic has led to further amplified profitability concerns across the...

The European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today a survey seeking public feedback on presentational aspects of product templates, pursuant to Article 8(3), Article 9(5) and Article 11(4) of the Regulation on sustainability‐related disclosures in the financial...

Due to COVID-19 outbreak, European Insurance and Occupational Pensions Authority is carrying out extraordinary calculations every two weeks to monitor the evolution of the relevant risk-free interest rate term structures (RFR) and the symmetric adjustment to equity risk (EDA). EIOPA is publishing...

Today, Národná banka Slovenska (NBS), the Slovakian national supervisory authority, has issued an interim measure banning new business from NOVIS Insurance Company, NOVIS Versicherungsgesellschaft, NOVIS Compagnia di Assicurazioni, NOVIS Poisťovňa a.s. (NOVIS), until specified conditions are...

Today the European Insurance and Occupational Pensions Authority (EIOPA) published its updated Risk Dashboard based on the first quarter of 2020 Solvency II data.The results show that the risk exposures of the European Union insurance sector remain generally high compared to April as a result of...

Today the European Insurance and Occupational Pensions Authority (EIOPA) delivered to the European Commission a set of draft Regulatory and Implementing Technical Standards and its advice on Delegated Acts to implement the framework for the design and delivery of the Pan-European Personal Pension...

Today the European Insurance and Occupational Pensions Authority (EIOPA) launched its first Single Rulebook.The Single Rulebook is an online tool focused on Solvency II that further promotes the consistent implementation of the regulatory framework for insurance supervision.The main benefit of the...

Today the European Insurance and Occupational Pensions Authority (EIOPA) published its July 2020 Financial Stability Report of the (re)insurance and occupational pensions sectors in the European Economic Area.During the last months, the Covid-19 outbreak further proved the importance of the...

Today the European Insurance and Occupational Pensions Authority (EIOPA) published its Issues Paper highlighting options for developing shared resilience solutions for pandemic risk. The paper recognises that private insurance solutions alone will not be sufficient to protect society against the...