Final Report on revised Guidelines on the exchange of information on a systematic basis within colleges

The revised Guidelines aim to strengthen supervisory cooperation by establishing a consistent and systematic approach to the exchange of information among National Competent Authorities (NCAs) that are involved in the supervision of cross-border insurance groups in the European Economic Area (EEA).

They improve upon the framework introduced in 2015 by streamlining annexes and updating legal references to reflect the latest regulatory developments. The guidelines also introduce new provisions on the sharing of group Own Risk and Solvency Assessment (ORSA) reports within colleges to facilitate and improve supervisors’ collective understanding of a group’s risks, while maintaining strict confidentiality safeguards.