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TheAgendaof the EU - U.S. Public Forum is now available on EIOPA website.The public event will take place on 13 March 2020 at the premises of the U.S. Chamber of Commerce in Washington, DC.The following panel discussions are planned: Confronting Cross-Border Insurer Cybersecurity Risks;Development...
The [node:6445:link]{Supervisory Convergence Plan for 2020 as Link} sets out priorities and activities for the coming year, building on previous years’ work while incorporating new priorities to reflect new trends and emerging risks. Activities fall under three building blocks of supervisory...
The European Insurance and Occupational Pensions Authority (EIOPA) has published its strategies for cyber underwriting and supervisory technology, or SupTech.The strategies reflect strategic priorities and respond to the evolving insurance landscape, in particular related to digital technology...
EIOPA publishes today the discussion paper on IBOR transitions. Following the EU Benchmark Regulation (EU BMR), this Discussion Paper addresses for the first time the subject of the ongoing changes to the new benchmark rates (or IBOR transitions). The focus of this paper is to address issues...
Guidelines on outsourcing to cloud service providers now available for national supervisory authorities. The Guidelines shall provide guidance to market participants on how the outsourcing provisions set forth in the Directive 2009/138/EC, in the Commission's Delegated Regulation 2015/35 and in...
The European Insurance and Occupational Pensions Authority (EIOPA) is launching an EU-wide thematic review looking into consumer protection issues with mortgage life and other credit protection insurance sold through banks.Mortgage life and other credit protection insurance, when adequately...
The European Insurance and Occupational Pensions Authority (EIOPA) has published the technical information on the symmetric adjustment of the equity capital charge for Solvency II with reference to the end of January 2020.Legal BackgroundThe symmetric adjustment is regulated mainly in Article 106...
Today, the European Insurance and Occupational Pension Authority (EIOPA) launched a Consultation Paper on proposals for Solvency II 2020 Review - Review of technical implementation means for the package on Solvency 2 Supervisory Reporting and Public Disclosure.EIOPA received on 11 February 2019...
Today, the European Insurance and Occupational Pensions Authority (EIOPA) published its updated Risk Dashboard based on the third quarter 2019 Solvency II data.The results show that the risk exposures of the European Union insurance sector remained overall stable compared to October. Macro and...
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...