News

Today, the European Insurance and Occupational Pension Authority (EIOPA) launched a [node:4896:link]{Consultation on the proposal for Guidelines on information and communication technology (ICT) s [...] governance as Link}. These guidelines shall provide guidance to national supervisory...

Frankfurt, 2 December 2019 – Today, the European Insurance and Occupational Pensions Authority (EIOPA) launched the public consultation of its approach to the regulatory and implementing standards, and technical advice to the European Commission on delegated acts, as mandated by the Pan-European...

The European Insurance and Occupational Pensions Authority has published its second annual European Insurance Overview.The European Insurance Overview report is published by EIOPA as an extension of its statistical services in order to provide an easy-to-use and accessible overview of the European...

EIOPA welcomes the adoption today of the first global frameworks for supervision of internationally active insurance groups, including an Insurance Capital Standard Version 2.0, and for the mitigation of systemic risk in the insurance sector.In particular the adoption of the Insurance Capital...

The European Insurance and Occupational Pensions Authority (EIOPA) has today published the responses from national competent authorities on their compliance, intention to comply or non-compliance with the recommendations set out in EIOPA's 'Recommendations for the insurance sector in light of the...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published its updated Risk Dashboard based on the second quarter 2019 Solvency II data.The results show that the risk exposures of the European insurance sector remained overall stable compared to July. Macro and market...

The European Supervisory Authorities (ESAs) have today issued a [node:4846:link]{Joint ESA supervisory statement concerning the performance scenarios in the PRIIPs KID as Link} in order to promote a consistent application by national competent authorities (NCAs) of the scope of the Regulation for...

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...