News

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published its June 2019 Financial Stability Report of the (re)insurance and occupational pensions sectors in the European Economic Area.The risk of a prolonged low yield environment has become more prominent in recent months...

Today, the European Insurance and Occupational Pension Authority (EIOPA) launched a consultation on guidelines on outsourcing to cloud service providers. These guidelines shall provide guidance to market participants on how the outsourcing provisions set forth in the Directive 2009/138/EC, in the...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published its 2018 Annual Report, setting out its activities and achievements of the past year.Through its 2018/19 supervisory convergence plan, EIOPA identified priorities and implemented actions to foster a common approach...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) and the European Central Bank (ECB) published Common Minimum Standards for Data Revisions agreed between the ECB, EIOPA, the National Central Banks (NCBs) and the National Competent Authorities (NCAs).Given the integrated...

In October 2018 the Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) launched a public consultation to amend the Implementing Regulations on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs) for credit risk. The...

The draft opinion aims at integrating sustainability risks, in particular those related to climate change, in the investment and underwriting practices of (re)insurers. The opinion addresses the valuation of assets and liabilities, assesses current investment and underwriting practices and seeks...

European Commission’s reply to the ESAs call in July 2018 to clarify the scope of the PRIIPs Regulation. For further details see this link.

The European Supervisory Authorities (ESAs) proposed options for presenting information on performance scenarios to be tested during the upcoming consumer testing exercise by the European Commission under the Level 2 Review of the PRIIPs KID Regulation.For further details please refer to the...

The three European Supervisory Authorities, the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities Markets Supervisory Authority (ESMA) launched today a consultation on draft Implementing Technical Standards (ITSs) on...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published the calculation of the Ultimate Forward Rate (UFR) for 2020.EIOPA calculated the ultimate forward rate (UFR) for 2020 in accordance with the methodology to derive the UFR which can be obtained via this link (p.p...

The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today a second amendment to the Implementing Technical Standards (ITS) on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs) for credit risk under the Capital...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published its report on Big Data Analytics in motor and health insurance.Data processing has historically been at the very core of the business of insurance undertakings, which is rooted strongly in data-led statistical...

The European Insurance and Occupational Pensions Authority (EIOPA) published today its advice to the European Commission on sustainability in the areas of risk management, investment strategy, stewardship and product oversight.For EIOPA, sustainability is an area of significant strategic...

The European Insurance and Occupational Pensions Authority (EIOPA) today issued a call for candidates to join an Expert Panel on the Pan-European Personal Pension Product (PEPP) Regulation.Based on the forthcoming Regulation on PEPP, EIOPA is required to develop substantial policy and regulatory...

​In 2018, supervisory activities contributed to high-quality supervision, to enhanced convergence of supervisory practices and to stability in the European insurance sectorEIOPA made use of different available tools to build common benchmarks for supervisory practices, to review national practices...

On 11 April 2019, the European Insurance and Occupational Pensions Authority (EIOPA) hosted its Fourth InsurTech Roundtable on "the use of cloud computing by (re)insurance undertakings".Over 70 participants from 48 different organisations from all over Europe participated.This Roundtable continued...

On 1 April 2019, the European Insurance and Occupational Pensions Authority (EIOPA) hosted a Workshop on Cyber Insurance.More than 100 representatives from the insurance industry, brokers, policyholders, regulators, think tanks and other stakeholders participated.The workshop continued the...

Peer review examined supervisory practices of national competent authorities in their assessment of how institutions for occupational retirement provision invest their capital in the best interest of their members and beneficiaries A risk-based approach or a risk-based approach complemented with...

The European Insurance and Occupational Pensions Authority (EIOPA) published today Decisions to revise the following three Pension Registers:Register of Institutions for Occupational Retirement Provision (IORPs) Prudential ProvisionsRegister of Institutions for Occupational Retirement Provision...