Final report on Guidelines on the notion of diversity for the selection of ASMB members

In providing these Guidelines, EIOPA is responding to an amendment – introduced to the regulatory framework during the Solvency II Review – which requires (re)insurance undertakings to put in place policies promoting diversity within their administrative, management and supervisory bodies, including by setting quantitative objectives related to gender balance. Moreover, the amendment requests EIOPA to issue guidelines on the notion of diversity.

The Guidelines aim to promote diversity in the composition of senior function holders at (re)insurers on the basis of their educational and professional background, age, gender and geographical origin — both when recruiting new members to AMSBs and on an ongoing basis.

The Guidelines will become applicable on 30 January 2027.