News

EIOPA and ECB propose possible EU-level approach to reduce insurance protection gap for natural catastrophes, building on existing national and EU structures. Two-pillar solution includes pooling private risks to increase insurance coverage and strengthening EU public disaster risk management.

With this note, EIOPA provides an update of the current situation of FWU AG Group and its insurance subsidiaries FWU Life Insurance Lux S.A. (“FWU Luxembourg”) and FWU Life Insurance Austria AG (“FWU Austria”), including some considerations for policyholders.

EIOPA published today the results of its 2024 Insurance Stress Test in which it assessed European insurers’ ability to cope with the economic and financial fallout from a resurgence of geopolitical tensions. The exercise shows that insurers in the European Economic Area are overall well-capitalized.

The European Supervisory Authorities published today a summary report with the key findings from the 2024 Dry Run exercise on reporting the registers of information under the Digital Operational Resilience Act (DORA).

EIOPA published today its December 2024 Financial Stability Report in which it assesses the risks and vulnerabilities facing European insurers and occupational pension funds in a challenging risk landscape marked by high uncertainties.

The European Supervisory Authorities today published joint Guidelines intended to facilitate consistency in the regulatory classification of crypto-assets under MiCAR. The Guidelines include a standardised test to promote a common approach to classification.

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.

The complexities related to the use of data and its potential deep societal impact, coupled with the specificities of the insurance sector, call for the creation of a multidisciplinary Consultative Expert Group on data use in insurance.

The International Association of Insurance Supervisors (IAIS) elected Petra Hielkema, Chairperson of EIOPA as Vice Chair of the Executive Committee for a term of two years. As IAIS ExCo Vice Chair, Petra Hielkema will contribute to developing, and assisting in the implementation of principles.

Monthly update of the symmetric adjustment of the equity capital charge for Solvency II – end-November 2024

EIOPA publishes monthly technical information for Solvency II Relevant Risk-Free Interest Rate Term Structures – end-November 2024

EIOPA has launched today the second series of consultations regarding its proposed report on biodiversity risk management, as well as on five legal instruments to reflect the changes expected to be introduced to the regulatory framework as part of the Solvency II review process.

EIOPA seeks feedback on its consultation paper on developing an awareness tool. It aims at helping citizens better understand how exposed is their property to natural hazards, the benefits of adequate insurance coverage and what prevention measures they can take to reduce potential losses.

The Board of Supervisors of EIOPA elected today Zuzana Silberová, Executive Director of the Financial Market Supervision Department at the Czech National Bank (CNB) as EIOPA’s new Vice-Chairperson.

The Joint Guidelines aim to ensure consistent and effective supervisory practices within the European System of Financial Supervision (ESFS) and facilitate information exchange between supervisors.

The European Supervisory Authorities (EBA, EIOPA, and ESMA – the ESAs) together with the European Central Bank (ECB), today released the results of the one-off “Fit-For-55” climate scenario analysis. Under the scenarios examined, transition risks alone are unlikely to threaten financial stability.

EIOPA published today its Opinion on the impact of the increased size thresholds regarding exclusion from scope of Solvency II as part of the Solvency II Review on insurance undertakings in the scope of the Digital Operational Resilience Act (DORA).

The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) published today a Decision on the information that competent authorities must report to them for the designation of critical ICT third-party service providers under the Digital Operational Resilience Act (DORA).

EIOPA welcomes the approval of the global Insurance Capital Standard (ICS) by the International Association of Insurance Supervisors (IAIS) as a prescribed capital requirement for internationally active insurance groups (IAIGs).