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

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).

EIOPA launched a consultation today on two annexes foreseen to be added to its Opinion on the use of risk-mitigation techniques by insurance undertakings from 2021. The first annex is on the treatment of mass-lapse reinsurance while the second addresses reinsurance agreements' termination clauses.

EIOPA published today its final Report on the prudential treatment of sustainability risks within Solvency II, recommending additional capital requirements for fossil fuel assets on European insurers’ balance sheets to accurately reflect the high risks of these assets.

EIOPA has published the technical information on the symmetric adjustment of the equity capital charge for Solvency II with reference to the end of October 2024.

EIOPA published technical information on the relevant risk-free interest rate term structures (RFR) with reference to the end of October 2024.

EIOPA collects and publishes comprehensive statistics on solo insurance undertakings and groups in the European Economic Area. Recent data shows that the share of green investments in the portfolios of EEA insurers has edged higher.

EIOPA's October 2024 Insurance Risk Dashboard shows that risks in the European insurance sector are stable and overall at medium levels, with pockets of vulnerabilities stemming from market volatility and real estate prices.

EIOPA published its October 2024 risk dashboard for IORPs, which shows that risks in the European IORP sector are stable and overall at medium levels, with signs of vulnerabilities stemming from market volatility.

The European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have published their third annual Report on disclosures of principal adverse impacts under the Sustainable Finance Disclosure Regulation (SFDR).

The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today published the Final Report on the draft implementing technical standards (ITS) regarding certain tasks of the collection bodies and functionalities of the European Single Access Point (ESAP).

EIOPA analysed EU insurers’ crypto holdings and the risk inherent in such holdings. In light of the findings of this analysis, EIOPA is proposing a 100% haircut to insurers’ crypto assets regardless of their balance sheet treatment and investment structure.

The ESAs organised the 11th edition of their annual Consumer Protection Day, in Budapest. The event followed the theme of “Empowering EU consumers: fair access to the future of financial services”.