News

Page ContentThe European Insurance and Occupational Pensions Authority (EIOPA) published today its second annual report on the use of capital add-ons by national competent authorities (NCAs) under Solvency II. The objective is to contribute to a higher degree of supervisory convergence in the use...

Today, upon request of the Danish Financial Supervisory Authority (Finanstilsynet), the Danish Maritime and Commercial High Court declared the bankruptcy of Qudos Insurance A/S.The European Insurance and Occupational Pensions Authority (EIOPA) has been in close contact with the Finanstilsynet to...

Page ContentToday, the European Insurance and Occupational Pensions Authority (EIOPA) launched a call for input on Solvency II reporting and disclosure requirements as part of the 2020 Solvency II review. EIOPA will review these requirements with the aim to assess if they remain fit-for-purpose...

Page ContentToday, the European Insurance and Occupational Pensions Authority (EIOPA) published a Report on Group Supervision and Capital Management of (Re)Insurance Undertakings and on specific topics related to Freedom to Provide Services (FoS) and Freedom of Establishment (FoE) under Directive...

The European Insurance and Occupational Pensions Authority (EIOPA) in compliance with its Financial Regulationconducted a public procurement procedure for the provision of financial market data for the calculation of the technical information relating to the risk-free interest (RFR) term...

Page ContentToday, the European Insurance and Occupational Pensions Authority (EIOPA) submitted to the European Parliament, the Council of the European Union and the European Commission, its 2018 and third Annual Report on Long-Term Guarantees Measures (LTG) and Measures on Equity Risk.Compared to...

Page ContentToday, 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...

Page ContentThe European Supervisory Authorities (ESAs) published today two joint draft Regulatory Technical Standards (RTS) to amend the RTS on the clearing obligation and risk mitigation techniques for non-cleared OTC derivatives. These standards provide a specific treatment for simple...

Page ContentA supervisory assessment of the European insurance sector's resilience to adverse market developments and not a pass-or-fail exercise42 European (re)insurance groups participated representing a market coverage of 75 % based on consolidated group assets Three severe but plausible...

Page ContentThe European Insurance and Occupational Pensions Authority (EIOPA) published today the report on the Evaluation of the Structure of Insurance Intermediaries Markets in Europe in accordance with Article 41(5) of the Insurance Distribution Directive (IDD). This report, which is the very...

Page ContentOn 3 December 2018, Finanstilsynetissued an orderto Qudos Insurance A/S to increase the overall gross claims provisions, write down the value of certain assets, increase other provisions, determine the own funds correctly and correctly calculate the solvency capital requirement. This...

Page ContentThe European Insurance and Occupational Pensions Authority (EIOPA) today issued a call for experts to join a Technical Expert Network on Catastrophe Risks with the aim to strengthen and complement EIOPA's expertise with regard to the modelling and mitigation of (natural) catastrophe...

Page ContentThe European Supervisory Authorities (ESAs – European Banking Authority, European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority) have published a statement in response to industry concerns relating to severe operational challenges both...

ESMA, EBA and EIOPA warn consumers on the risks of Virtual Currencies.The European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA) (hereafter referred to as ‘the three ESAs’) are warning consumers...

Page ContentThe European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA), together the European Supervisory Authorities (ESA), have today published a final report with draft regulatory technical...

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published for consultation its draft technical advice on possible amendments to the delegated acts under Solvency II and the Insurance Distribution Directive (IDD) concerning the integration of sustainability risks and...

Page ContentThe first annual European Insurance Overview report is now available on EIOPA's website.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 insurance sector...

Page ContentToday, the European Insurance and Occupational Pensions Authority (EIOPA) published a Decision on the cross-border collaboration of national competent authorities (NCAs) with respect to the Directive (EU) 2016/2341 of the European Parliament and of the Council of 14 December 2016 on...

Page ContentThis peer review assessed how National Competent Authorities (NCAs) supervise and determine the application of the key functions by the insurer with particular emphasis on proportionalityIn general NCAs apply the principle of proportionality Some weaknesses exist, leading to...