Other Documents

EIOPA other documents

Financial stability

EIOPA staff paper on frequently asked questions about IRRD

The European Commission’s proposal for an Insurance Recovery and Resolution Directive (IRRD) was published in September 2021. The legislative proposal is currently under consideration by the European Parliament and the Council of the European Union. A recent EIOPA Staff paper provides an overview...
Financial stability

EIOPA staff paper on comparing recovery and resolution frameworks in banking and insurance

The European Commission’s proposal for an Insurance Recovery and Resolution Directive (IRRD) was adopted in September 2021 as part of the Solvency II (SII) review package. Since then it has been under consideration by European Parliament and the Council of the European Union. In order to provide...
Consumer protection

Warning to insurers and banks on Credit Protection Insurance (CPI) products

With this warning EIOPA is calling on insurers and banks (acting as insurance distributors) to ensure CPI products offer fair value to consumers by: taking action to address issues with high remuneration paid by insurance manufacturers to insurance distributors for the sale of credit protection...
ORSA | Sustainability

Application guidance on climate change materiality assessments and climate change scenarios in ORSA

This application guidance is a follow-up from EIOPA’s Opinion on the supervision of the use of climate change risk scenarios in ORSA (“Opinion”) published in April 2021 (EIOPA-BoS-21-127 - EIOPA, 2021a). The Opinion was addressed to the national competent authorities on the basis of Article 29(1)(a...
Sustainability

Principal adverse impact and product templates for the Sustainable Finance Disclosure Regulation

Following the publication in the EU Official Journal of Regulation of Commission Delegated Regulation (EU) 2022/1288 supplementing the Sustainable Finance Disclosure Regulation (SFDR - Regulation (EU) 2019/2088), the European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) are making available...
PEPP

PEPP Benefits Statement and Key Information Document (KID) template

In order to open and use these files, you need to possess the licensed Adobe InDesign and Illustrator, or equivalent, applications.
Financial stability

EIOPA staff paper on the proposal for an Insurance Recovery and Resolution Directive

The European Insurance and Occupational Pensions Authority (EIOPA) published today a staff paper that provides an overview of the proposal for an Insurance Recovery and Resolution Directive (IRRD) put forward by the European Commission in September 2021. In its staff paper, EIOPA welcomes the...
Innovation

Feedback Statement on Open Insurance: accessing and sharing insurance-related data

On 28 January 2021 EIOPA published a discussion paper and launched a public consultation on “open insurance: accessing and sharing insurance-related data”, in order to better understand open insurance developments and risks and benefits related to that. A high-level summary of the responses...
Sustainability

Clarifications on the ESAs’ draft RTS under SFDR

Innovation

Feedback Statement on blockchain and smart contracts in insurance

On 29 April 2021, EIOPA launched a public consultation on a ‘ Discussion paper on blockchain and smart contracts in insurance ’ with the aim of providing a high-level overview of risks and benefits of blockchain and smart contracts in insurance from a supervisory perspective as well as to gather...
Stress test

2021 Insurance Stress Test Recommendations

This document outlines EIOPA's recommendations to supervisors and insurers based on the learnings and experience of the 2021 Insurance Stress Test.
Financial literacy and education

Repository of national financial education initiatives on digitalisation

The repository contains 127 national initiatives that provide consumers with helpful information on how to improve their financial literacy. If you are interested in initiatives aimed to help consumers find their way in the insurance and pensions sectors, check our Financial education map .
Risk assessment | Stress test

Methodological principles of insurance stress testing - climate change component

The methodological paper focuses on the climate change component and is a further step in enhancing EIOPA’s stress testing framework. In particular, the paper sets out methodological principles that can be used to design bottom-up stress test exercises that aim to assess the vulnerability of...
Registers

List of Financial Conglomerates 2021

Consumer protection

Retail risk indicators: methodology update

Based on data on market activities in the different Member States, the retail risk indicators represent a set of ratios and measures that highlight trends and pinpoint possible risks to consumers. The indicators aim to provide a pre-emptive assessment on how individual characteristics and...
Stress test | IORP

Methodological framework for stress-testing IORPs

Stress testing frameworks have evolved considerably over the last few years and have become an increasingly important risk management instrument for the financial sector. Stress tests (STs) form an integral part of the financial risk management of individual institutions and have become a core tool...
Supervision

Supervisory handbook

The Supervisory Handbook recommends good practices to EIOPA’s members and observers for the supervision of insurance and reinsurance undertakings and groups carrying on life and non-life business, towards fulfilling its goal of building a common Union supervisory culture and consistent supervisory...
General good provisions

General good rules - overview table of completed cases.pdf