News

Today, at its first meeting, the Insurance and Reinsurance Stakeholder Group (IRSG) elected Michaela Koller (Insurance Europe) as Chair and Paul Fox (Finance Watch) as Vice Chair of the IRSG. On 16 July, the Occupational Pensions Stakeholder Group (OPSG) already elected Bernard Delbecque (European...

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, the European Insurance and Occupational Pensions Authority (EIOPA) published the calculation of the Ultimate Forward Rate (UFR) for 2021.EIOPA calculated the ultimate forward rate (UFR) for 2021 in accordance with the methodology to derive the UFR (p.p. 106-109).For the euro, the applicable...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published the report on the Impact of ultra-low yields on the insurance sector, including first effects of the COVID-19 crisis.The ultra-low interest rate environment remains a key concern for the insurance market. It...

The European Insurance and Occupational Pensions Authority (EIOPA) submitted today its response to the consultation of the European Commission on a renewed sustainable finance strategy. The aim of the European Commission’s strategy is to increase private investment in sustainable projects and...

To ensure the continuing fair treatment of customers in light of COVID-19, insurance manufacturers are asked to:Identify their products affected as a result of COVID-19Assess possible unfair treatment of customers for these productsConsider proportionate remedial measuresToday, the European...

The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) has appointed new members to the Insurance and Reinsurance Stakeholder Group (IRSG) and Occupational Pensions Stakeholder Group (OPSG). The two groups consist of a broad range of stakeholders...

The European Insurance and Occupational Pensions Authority (EIOPA) has published the technical information on the symmetric adjustment of the equity capital charge for Solvency II with reference to the end of June 2020.

Today, 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 June 2020.RFR information has been calculated for the first time Using Refinitiv as the main market...

While there is growing acceptance of and appetite for innovation in financial services, it is essential that innovation always benefits consumers.This was one of the key messages that Gabriel Bernardino, Chair of the European Insurance and Occupational Pensions Authority (EIOPA) gave to...

The European Insurance and Occupational Pensions Authority (EIOPA), together with the Financial Supervisory Authority of Romania (ASF), announces the start of the Balance Sheet Review of the Romanian insurance sector in the second semester of 2020. The exercise was previously postponed in view of...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) responded to the consultation of European Commission on a new digital finance strategy for Europe. In its response EIOPA highlights that a sound approach to financial innovation should strike a balance between enhancing...

The Danish Financial Supervisory Authority has refused to grant Gefion Insurance A/S an extension of three months of the recovery period and therefore has withdrawn the company’s license as insurance company.Gefion Insurace A/S offers insurance through agents in Europe. The company primarily...

The European Insurance and Occupational Pensions Authority (EIOPA) published today its second Discussion Paper on Methodological Principles of Insurance Stress Testing. In 2019 EIOPA initiated a process of enhancing its methodology for bottom-up stress testing which resulted in the first...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published the findings of its peer review of the Regular Supervisory Report (RSR). The peer review examined how and to what extent the proportionate approach set out under the Delegated Regulation has been implemented among...

Today, EIOPA published its report on supervisory activities in 2019 highlighting activities and achievements throughout the course of the year, covering both prudential and conduct of business supervision.A key area of work in 2019 focused on proposing amendments to Solvency II in the context of...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published its 2019 Annual Report, setting out its activities and achievements of the past year.Throughout the course of the year, EIOPA continued to play an essential role in the supervision of insurance and pensions in...

The [node:6753:link]{List of Internationally Active Insurance Groups (IAIGs) headquartered in the EU as Link} has been updated with the following insurance groups:AXABNP Paribas CardifCNP AssurancesCOVEACrédit Agricole AssurancesGROUPAMASCORSOGECAPFor the up to date list of IAIGs please check the...

The European Insurance and Occupational Pensions Authority (EIOPA) has responded to the European Commission’s consultation on revision of the Non-Financial Reporting Directive (NFDR). EIOPA welcomes the initiative to revise the NFRD. Insurance undertakings and pension funds are at the forefront of...