News

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...

Today, the European Insurance and Occupational Pension Authority (EIOPA) launched a The Opinion will respond to the call for advice of the European Commission of 11 February 2019 on the 2020 review of Solvency II.The call for advice comprises 19 separate topics. Broadly speaking, these can be...

The European Insurance and Occupational Pensions Authority (EIOPA) launched today - as part of the 2020 Solvency II reporting and disclosure review – Wave 1 - a field test on the revised and newly proposed templates. As indicated in the context of the consultation on supervisory reporting and...

The European Insurance and Occupational Pensions Authority (EIOPA) published today its [node:4349:link]{Consumer Protection Issues in Travel Insurance as Link}.With economic recovery, in the aftermath of the financial crisis, coupled with decreasing travel costs, travellers' numbers have been...

Today the ESA's Joint Board of Appeal publishes its decision in the appeal by the credit rating agency Creditreform AG against the European Banking Authority.The German credit rating agency Creditreform AG appealed on 16 July 2019 challenging the adoption by the Joint Committee of the European...

The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today their second joint Opinion on the risks of money laundering (ML) and terrorist financing (TF) affecting the European Union's (EU) financial sector. Drawing on data and information provided by national anti...

Frankfurt, 30 September 2019 – The European Insurance and Occupational Pensions Authority (EIOPA) published today an Opinion on Sustainability and Solvency II.The Opinion addresses the integration of climate-related risks in Solvency II Pillar I requirements.While Solvency II - as a risk-based...

The European Insurance and Occupational Pensions Authority (EIOPA) established today its Consultative Expert Group on Digital Ethics in Insurance.As a follow-up of its recent thematic review on the use of Big Data Analytics (BDA) in motor and health insurance, EIOPA established a Consultative...

The European Insurance and Occupational Pensions Authority (EIOPA) published today the report on "Cyber Risk for Insurers – Challenges and Opportunities".The increasing frequency and sophistication of cyber attacks, the fast digital transformation and the increased use of big data and cloud...

The European Union's (EU) banking, insurance, pensions and securities sectors continue to face a range of risks, the latest report on "Risks and Vulnerabilities in the EU Financial System" published today by the Joint Committee of the European Supervisory Authorities (ESAs) shows.The 2019 Autumn...

The European Supervisory Authorities (ESAs) have written to the European Commission concerning the exclusion of a few options proposed by the ESAs on 23 May 2019 for presenting information on performance scenarios to be tested during a consumer testing exercise conducted by the European Commission...

The European Insurance and Occupational Pensions Authority (EIOPA) published today its updated Risk Dashboard based on the first quarter 2019 Solvency II data.The results show that the risk exposures of the European Union insurance sector remain overall stable, with macro and market risks now at a...

The European Insurance and Occupational Pensions Authority (EIOPA) is publishing the list of Reuters Instrument Codes (RICs) of financial market data for the calculation of the technical information relating to the risk-free interest rates (RFR) term structures, namely of the following rates...

The European Insurance and Occupational Pension Authority (EIOPA) launched today a consultation on the draft Opinion on the supervision of remuneration principles in the insurance and reinsurance sector.The remuneration principles set out in Article 275 of the European Commission Delegated...

The European Insurance and Occupational Pensions Authority (EIOPA) published today a Discussion Paper on Methodological Principles of Insurance Stress Testing.The Discussion Paper is setting out methodological principles and guidelines required for the conduct and assessment of a European Union...

The European Insurance and Occupational Pensions Authority (EIOPA) published today a Report analysing national General Good rules in the context of the proper functioning of the Insurance Distribution Directive (IDD) and the internal market.The report provides:a factual description of the types of...

Today, the European Insurance and Occupational Pension Authority (EIOPA) launched a consultation on its Advice on the harmonisation of national insurance guarantee schemes across the Member States of the European Union. This consultation is a draft response to the Call for Advice of the European...

Today, the European Insurance and Occupational Pension Authority (EIOPA) launched a consultation package on supervisory reporting and public disclosure in the context of its work linked with the 2020 Solvency II Review. EIOPA will be consulting on the review of supervisory reporting and public...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published four Opinions to assist National Competent Authorities (NCAs) in the implementation of the Institutions for Occupational Retirement Provisions - the IORP II Directive:The Opinion on the use of governance and risk...