News

The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) will organise on 2 July 2020 a public hearing on proposed environmental, social and governance (ESG) disclosure standards for financial market participants, advisers and products.The aim of the public hearing is to explain and...

EIOPA supports the views expressed by the European Systemic Risk Board (ESRB) regarding the importance of improving the monitoring of liquidity risks in the insurance sector with the aim to enhance Europe’s preparedness to potential future shocks.In this context, as a response to Covid-19, EIOPA...

EIOPA has changed the frequency of current extraordinary processes for risk-free interest rate term structures (RFR) and symmetric adjustment to equity risk (EDA) from a weekly basisto every two weeks.The new frequency will apply from the week starting on 25 May. A calendar for the next...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published its updated Risk Dashboard based on the fourth quarter 2019 Solvency II data.Despite the fact that some indicators used in this Risk Dashboard do not capture the latest market development in the context of Covid-19...

The European Insurance and Occupational Pensions Authority (EIOPA) has published the list of Internationally Active Insurance Groups (IAIGs) headquartered in the EU.IAIGs are the focus of the International Association of Insurance Supervisors (IAIS) Common Framework for the Supervision of...

The European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs), in response to the COVID-19 outbreak have published joint draft Regulatory Technical Standards (RTS) to amend the Delegated Regulation on the risk mitigation techniques for non-centrally cleared OTC derivatives (bilateral margining...

Due to COVID-19 outbreak, in the coming weeks European Insurance and Occupational Pensions Authority will carry out extraordinary calculations on weekly basis to monitor the evolution of the relevant risk-free interest rate term structures (RFR) and the symmetric adjustment to equity risk (EDA)...

EIOPA, in close coordination with the European Commission, has decided to deliver its advice to the European Commission at end December 2020, to take into account the importance of assessing the impact of the current Covid-19 situation on the Solvency II Review.EIOPA earlier announced on 17 March...

The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) have today issued a Consultation Paper seeking input on proposed environmental, social and governance (ESG) disclosure standards for financial market participants, advisers and products.These standards have been developed...

Today the European Insurance and Occupational Pensions Authority has issued a[node:6723:link]{Statement on principles to mitigate the impact of Coronavirus/COVID-19 on the occupational pens [...] ons sector as Link}.The statement recognises the stabilising role that institutions for occupational...

EIOPA’s Board of Supervisors elected two new members to the Management Board: Ms Åsa Larson, Executive Director for Insurance at the Swedish Finansinspektionen, effective from 30 January 2020, as well as Ms Else Bos, Executive Board Member and Chair of Prudential Supervision at De Nederlandsche...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) has published an Opinion on the supervision of remuneration principles in the insurance and reinsurance sector.The Opinion addresses how to ensure consistent practices in the application of the remuneration principles...

The European Insurance and Occupational Pensions Authority (EIOPA) is currently seeking applications for its two Stakeholder Groups, the Insurance and Reinsurance Stakeholder Group and the Occupational Pensions Stakeholder Group.In light of the challenges and difficulties caused by the Covid-19...

Unit-linked products can offer high returns but also pose risks for consumers during periods of poor market returns2018 performance was the lowest for the last 5 yearsCosts remain high. Profit participation products continue having lower costs than unit-linked productsOngoing costs continue being...

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 March 2020.Legal BackgroundThe symmetric adjustment is regulated mainly in Article 106 of...

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 March 2020.RFR information has been calculated on the basis of the updated representative portfolios...

I. Introduction1.The outbreak of COVID-19 has significantly impacted the activities of EIOPA, NCAs and financial institutions, ranging from the need to assess implications to the market and propose immediate regulatory measures relevant for the current situation, to the deployment of business...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) has published a statement on dividends distribution and variable remuneration policies in the context of COVID-19.Taking due account of the current level of uncertainty on the depth, magnitude and duration of the impacts of...

In view of the special circumstances generated by the COVID-19 pandemic, the Romanian Supervisory Authority and the European Occupational Pensions Authority have decided to postpone the start of the Balance Sheet Review of the Romanian insurance sector. The exercise was originally expected to be...