News

The European Supervisory Authorities are advancing in the implementation of the pan-European oversight framework of critical ICT third-party service providers (CTPPs) with the objective to designate the CTPPs and to start the oversight engagement this year.

EIOPA established today its Consultative Expert Group on Data Use in Insurance, following a call for candidates launched in December 2024.

EIOPA launched a consultation today on its Opinion on Artificial Intelligence governance and risk management, which provides supervisors and insurance undertakings guidance on how to interpret and implement insurance sector provisions in light of the use of AI systems in insurance.

EIOPA published today its 2024 ‘IORPs in Focus’ report, which provides insights into the latest developments in Europe’s occupational pension fund market. The report’s data reveals ongoing consolidation and a continued shift towards defined contribution plans.

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 2025.

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 January 2025.

EIOPA informs policyholders that on 31 January 2025 the District Court of Luxembourg decided on the liquidation and dissolution of FWU Life Insurance Luxembourg.

EIOPA launched today a public consultation on revised Guidelines on the methods for determining the market share of undertakings that can make use of limited reporting requirements under Solvency II.

EIOPA published today its January 2025 Insurance Risk Dashboard, which shows that risks in the European insurance sector are stable and overall at medium levels, with pockets of vulnerabilities stemming from market volatility and shifts in real estate prices.

EIOPA is recommending updates to the way natural catastrophe risks are accounted for in insurers’ standard formula calibrations following a comprehensive reassessment exercise conducted in 2023 and 2024.

EIOPA published today its technical advice on the implementation of the new proportionality framework under Solvency II, requested by the European Commission.

EIOPA published today its final technical advice to the European Commission on the standard formula capital treatment of insurers’ direct exposure to qualifying central clearing counterparties (CCPs).

EIOPA published today its January 2025 Risk Dashboard on Institutions for Occupational Retirement Provision (IORPs), which shows that risks in the European IORP sector are stable and overall at medium levels.

EIOPA published today its fifth annual report on administrative sanctions and other measures imposed during 2023 by National Competent Authorities (NCAs) under the Insurance Distribution Directive (IDD).

In line with the DORA mandate, the ESAs’ joint report explores the potential for further centralisation regarding financial entities’ reporting of major ICT-related incidents to competent authorities.

In June 2023, Národná banka Slovenska (NBS) withdrew the authorisation of NOVIS Insurance Company and petitioned the relevant competent Slovak court to dissolve NOVIS and appoint a liquidator for the company. However, a liquidator has still not been appointed to this day.

The report explores four key areas: the role of digitalisation in shaping the insurance and pension sectors, the transformatory power of AI in insurance, consumers’ appetite for supplementary pensions in light of increasing pension gaps, and the real/perceived value for money of insurance and pensi

EIOPA issued today a recommendation to Bulgaria’s Financial Supervision Commission (FSC - Комисия за финансов надзор), urging the supervisor to review its supervisory processes regarding the assessment of (re)insurers’ solvency positions.

EIOPA publishes biannual shifted risk-free rates for duration calculation in financial stability reporting – end-December 2024