I am writing to seek clarification on a matter of significant importance raised in a letter published in March 2023 by John BERRIGAN, addressed to Ms Petra Hielkema Chair of EIOPA, Ms Verena Ross Chair of ESMA and Mr José Manuel Campa Chair of EBA (Letter from John Berrigan One off exercise - European Union (europa.eu)). The letter addressed the need for a one-off climate risk scenario analysis to assess, in cooperation with the ECB and the ESRB, the resilience of the European financial system. As a stakeholder in the insurance and pension fund sector, I am eager to understand whether this proposed exercise involves the active participation of the entities within the industry. In the second attachment to that publication (https://www.eiopa.europa.eu/document/download/6116a35c-0029-4897-873a-796c781dd8cc_en?filename=Mandate%20for%20the%20FF55%20one-off%20exercise.pdf) we can read: “While the exercise should cover all relevant sectors of the financial system and should be EU-wide, the exercise should rely, to the extent possible, on available data collected by the ESAs/ECB in order to ensure feasibility and to limit the burden for financial institutions related to data needs by using a top-down approach” The same document suggests the use of three different scenarios, with few or insufficient information compared to the details provided in the one-off IORP exercise in 2022 on variable shocks to apply (https://www.eiopa.europa.eu/document/download/d0bf4e78-7f1f-479e-8a1e-2939a6ff5c24_en?filename=2022%20IORP%20stress%20test%20inputs%20helper%20tool.xlsx). Therefore, I would greatly appreciate any information you can provide regarding: • Potential participation of Insurance and Occupational Pensions industry in this initiative and the expectations towards the sector • EIOPA’s plans to publish additional guidelines / detailed shocks for new or updated scenario required for this or any future similar exercises, in the same fashion as the 2022 exercise Understanding the implications of this climate stress test is crucial for us to prepare and align our strategies to better serve our clients in the broader regulatory framework.