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RSSThe Danish Financial Supervisory Authority, Finanstilsynet, has ordered Gefion Insurance A/S to cease writing business with immediate effect. Finanstilsynet has also published a number of questions and answers which may be useful to Gefion’s policyholders. This information is also available in...
The European Insurance and Occupational Pensions Authority (EIOPA) has created two model Pension Benefit Statements to provide practical guidance on how to implement the annual information document that IORPs are required to send to their members following the implementation of the IORP II...
As a precautionary measure in the context of the COVID-19 pandemic, the EIOPA offices are closed until further notice. EIOPA remains fully operational as staff members are teleworking and can be reached via email and telephone.For general inquiries please call +49 (0) 69 95 1119-20 or send an...
Recommendations provide for flexibility regarding upcoming supervisory reporting deadlinesRecommendations will enable insurers to concentrate efforts on monitoring and assessing impact of Coronavirus/COVID-19 and maintaining business continuityRecommendations are addressed to national competent...
BackgroundThe European Insurance and Occupational Pensions Authority (EIOPA), in close communication and cooperation with the other European Supervisory Authorities and the European Systemic Risk Board, has been monitoring the Coronavirus/COVID-19 situation very closely as the outbreak continues...
From 16 March, staff from the European Insurance and Occupational Pensions Authority will be teleworking.EIOPA remains fully operational and staff members remain contactable via email and telephone.
Can you represent the interests of insurance or pension stakeholders in Europe?Is your work (e.g. as an academic, or consumer/industry/employee/SME representative) relevant to the future of the insurance and pensions sectors?Have your voice heard and become a member of EIOPA’s stakeholder groups...
Today the European Insurance and Occupational Pensions Authority (EIOPA) has published a Supervisory Statement on the impact of the ultra-low/negative interest rate environment.This environment is significantly impacting the insurance sector in the EU, in terms of asset allocation, reinvestment...
Today, the European Insurance and Occupational Pensions Authority (EIOPA) launched the public consultation on implementing technical standards for supervisory reporting and cooperation as mandated by the Pan-European Personal Pension Product (PEPP) Regulation.The proposals specify the annual...
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The Financial Supervisory Authority of Romania (ASF) and the European Insurance and Occupational Pensions Authority (EIOPA) announce their intention to launch an independent assessment of the Romanian insurance sector through a balance sheet review.A similar exercise was performed on the Romanian...
TheAgendaof the EU - U.S. Public Forum is now available on EIOPA website.The public event will take place on 13 March 2020 at the premises of the U.S. Chamber of Commerce in Washington, DC.The following panel discussions are planned: Confronting Cross-Border Insurer Cybersecurity Risks;Development...
The [node:6445:link]{Supervisory Convergence Plan for 2020 as Link} sets out priorities and activities for the coming year, building on previous years’ work while incorporating new priorities to reflect new trends and emerging risks. Activities fall under three building blocks of supervisory...
The European Insurance and Occupational Pensions Authority (EIOPA) has published its strategies for cyber underwriting and supervisory technology, or SupTech.The strategies reflect strategic priorities and respond to the evolving insurance landscape, in particular related to digital technology...
EIOPA publishes today the discussion paper on IBOR transitions. Following the EU Benchmark Regulation (EU BMR), this Discussion Paper addresses for the first time the subject of the ongoing changes to the new benchmark rates (or IBOR transitions). The focus of this paper is to address issues...
Guidelines on outsourcing to cloud service providers now available for national supervisory authorities. The Guidelines shall provide guidance to market participants on how the outsourcing provisions set forth in the Directive 2009/138/EC, in the Commission's Delegated Regulation 2015/35 and in...
The European Insurance and Occupational Pensions Authority (EIOPA) is launching an EU-wide thematic review looking into consumer protection issues with mortgage life and other credit protection insurance sold through banks.Mortgage life and other credit protection insurance, when adequately...
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 January 2020.Legal BackgroundThe symmetric adjustment is regulated mainly in Article 106...
Today, the European Insurance and Occupational Pension Authority (EIOPA) launched a Consultation Paper on proposals for Solvency II 2020 Review - Review of technical implementation means for the package on Solvency 2 Supervisory Reporting and Public Disclosure.EIOPA received on 11 February 2019...
Today, the European Insurance and Occupational Pensions Authority (EIOPA) published its updated Risk Dashboard based on the third quarter 2019 Solvency II data.The results show that the risk exposures of the European Union insurance sector remained overall stable compared to October. Macro and...