News

The Financial Supervisory Authority of Romania (ASF), together with the European Insurance and Occupational Pensions Authority (EIOPA), announce the results of the Balance Sheet Review of the Romanian insurance sector. The review assessed the appropriateness of the system of governance and of the...

The European Insurance and Occupational Pensions Authority (EIOPA) published today its first report on the application of the Insurance Distribution Directive (IDD), which regulates how insurance products are designed and distributed in the European Union.Amongst others, this report examines:any...

The European Insurance and Occupational Pensions Authority (EIOPA) published today its annual report on the use of limitations and exemptions from the regular Solvency II reporting by national competent authorities (NCAs) during 2020 and the first quarter of 2021.During 2020, three NCAs granted...

The European Insurance and Occupational Pensions Authority (EIOPA) published today its second annual report on administrative sanctions and other measures imposed during 2020 by national competent authorities under the Insurance Distribution Directive (IDD).In 2020, national competent authorities...

The European Insurance and Occupational Pensions Authority (EIOPA) published today its revised Guidelines on Legal Entity Identifier (LEI), which provide guidance to national competent authorities.The objective of the revised Guidelines is to facilitate and further promote the use of LEI as unique...

The European Insurance and Occupational Pensions Authority (EIOPA) published today the results of its 2021 Insurance Stress Test in which it assessed the industry’s resilience to a prolonged COVID-19 scenario in a “lower for longer” interest rate environment.In the 2021 Insurance Stress Test...

The European Insurance and Occupational Pensions Authority (EIOPA) published today its December 2021 Financial Stability Report. The analysis underpinning the report examined key macroeconomic developments and the prevalence of risks that are key for the insurance and pension sectors.On the...

The European Insurance and Occupational Pensions Authority (EIOPA) published today its digital transformation strategy, to ensure a systematic, balanced and holistic approach to the technological transformation of the European insurance and pensions markets and their supervision that is currently...

Today, the European Insurance and Occupational Pension Authority (EIOPA) launched aconsultation on the application guidance on running climate change materiality assessment and using climate change scenarios in the Own Risk and Solvency Assessment (ORSA).The application guidance provides a...

The European Insurance and Occupational Pensions (EIOPA) is organising today its 5th Sustainable Finance Roundtable which gathers representatives from supervisors, industry, consumer organisations, and academia to discuss society’s resilience to sustainability risks, the role of insurers and...

The European Insurance and Occupational Pensions Authority (EIOPA) published today a report on developments in cross-border arrangements of Institutions for Occupational Retirement Provision (IORPs).33 cross-border IORPs were active in the European Economic Area (EEA) at the end of 2020. This...

The European Insurance and Occupational Pensions Authority (EIOPA) published today its advice to the European Commission on two pensions tools, the pensiontracking system and the pensions dashboard. The advice is an important step towards raising citizens’ awareness of their future retirement...

The three European Supervisory Authorities (ESAs) – the EBA, EIOPA and ESMA announced today the new composition of their Board of Appeal. The new members and alternates take up their positions as of today, 1 December 2021.The renewal today concerns five members and five alternates whose term will...

In accordance with Article 16b of the EIOPA Regulation, the European Commission has provided answers to a series of Questions & Answers regarding the legal interpretation of provisions of the Insurance Distribution Directive (Directive (EU) 2016/97) and its implementing measures.The Questions &...

The European Insurance and Occupational Pensions Authority (EIOPA) published today a methodological framework for stress-testing IORPs (Institutions for Occupational Retirement Provision) which presents a set of standard approaches, practical rules and possible methodologies to support the design...

The European Insurance and Occupational Pensions Authority (EIOPA) published today its annual Report on the use of capital add-ons during 2020. The objective of the capital add-on measure is to ensure that the regulatory capital requirements reflect the risk profile of the solo undertaking or of...

The European Insurance and Occupational Pensions Authority (EIOPA) published for the first time annual occupational pensions statistics for the reference year 2020. The annual statistics include statistics on balance sheet, asset exposures, contributions, benefits & transfers, expenses, members...

On 30 July 2021, the European Insurance and Occupational Pensions Authority (EIOPA) issued a Recommendation to the National Bank of Slovakia (NBS) to take supervisory actions against an undertaking which pursues cross-border business in several countries. The NBS did not take the recommended...

​Today, the European Insurance and Occupational Pensions Authority (EIOPA) published technical information on the relevant risk free interest rate term structures (RFR) with reference to the end of October 2021.In addition to the current official monthly technical information, EIOPA also published...