News

The European Insurance and Occupational Pensions Authority (EIOPA) published today its annual report on the use on the use of exemptions and limitations from the regular supervisory reporting during 2018 and Q1 2019 by national competent authorities (NCAs) under Solvency II.In total 13 national...

On Monday 13 January 2020, EIOPA published the instructions and technical specifications for the market and credit risk comparative study for the year end 2019 (MCRCS YE2019).The MCRCS is an annual Europe-wide comparative study on the modelling of market and credit risk. Its main objective is to...

Risk of a prolonged low yield environment has intensified over the last 6 months and remains the key challenge for European insurers and pension funds, putting pressure on both solvency positions and long-term profitabilityCombination of weakening economic outlook, concerns over debt...

Transparency and disclosure of information to consumers has overall improved The digitalisation of the insurance sector continues showing potential for improving the consumer experience and brings new opportunities for insurersHowever, areas that could cause potential consumer detriment continue...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) submitted to the European Parliament, the Council of the European Union and the European Commission, its fourth [node:4848:link]{Report on long-term guarantees measures and measures on equity risk 2019 as Link}.The analysis...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published updated representative portfolios that will be used for calculation of the volatility adjustments (VA) to the relevant risk-free interest rate term structures for Solvency II.EIOPA will start using these updated...

Adverse scenario would wipe off almost one quarter of the investment assets' values in the sample, totalling EUR 270 billionMarket risks under the adverse scenario would lead to substantial benefit reductions and increase of sponsor supportExtended cash flow analysis shows timing of expected...

The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published [node:4898:link]{Joint guidelines on cooperation and information exchange, establishing colleges of anti-money l [...] upervisors as Link} supervisors for the first time in the EU to ensure effective cooperation and...

The European Insurance and Occupational Pensions Authority (EIOPA) has today published a report on [node:4900:link]{Insurers' asset and liability management in relation to the illiquidity of their liabilities as Link}.The report supplements information provided in EIOPA's annual reports on long...

The European Insurance and Occupational Pensions Authority (EIOPA) published today its [node:4849:link]{Report on the use of capital add-ons during 2018 as Link}. The objective of the capital add-on measure is ensure that the regulatory capital requirements reflect the risk profile of the...

Key findings:Transparency and disclosure of information to consumers has overall improved The digitalisation of the insurance sector continues showing potential for improving the consumer experience and brings new opportunities for insurersHowever, areas that could cause potential consumer...

Today, the European Insurance and Occupational Pension Authority (EIOPA) launched a [node:4896:link]{Consultation on the proposal for Guidelines on information and communication technology (ICT) s [...] governance as Link}. These guidelines shall provide guidance to national supervisory...

Frankfurt, 2 December 2019 – Today, the European Insurance and Occupational Pensions Authority (EIOPA) launched the public consultation of its approach to the regulatory and implementing standards, and technical advice to the European Commission on delegated acts, as mandated by the Pan-European...

The European Insurance and Occupational Pensions Authority has published its second annual European Insurance Overview.The European Insurance Overview report is published by EIOPA as an extension of its statistical services in order to provide an easy-to-use and accessible overview of the European...

EIOPA welcomes the adoption today of the first global frameworks for supervision of internationally active insurance groups, including an Insurance Capital Standard Version 2.0, and for the mitigation of systemic risk in the insurance sector.In particular the adoption of the Insurance Capital...

The European Insurance and Occupational Pensions Authority (EIOPA) has today published the responses from national competent authorities on their compliance, intention to comply or non-compliance with the recommendations set out in EIOPA's 'Recommendations for the insurance sector in light of the...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published its updated Risk Dashboard based on the second quarter 2019 Solvency II data.The results show that the risk exposures of the European insurance sector remained overall stable compared to July. Macro and market...

The European Supervisory Authorities (ESAs) have today issued a [node:4846:link]{Joint ESA supervisory statement concerning the performance scenarios in the PRIIPs KID as Link} in order to promote a consistent application by national competent authorities (NCAs) of the scope of the Regulation for...

The European Supervisory Authorities (ESAs) have today issued a Consultation Paper on amendments to existing rules underpinning the Key Information Document (KID) for Packaged Retail and Insurance-based Investment Products (PRIIPs).The aims of the review are to:Address issues that have been...