Brexit | Eiopa

MoUs with UK authorities in the area of insurance and pensions

On 5 March 2019, the European Insurance and Occupational Pensions Authority (EIOPA) and all national competent authorities (NCAs) of the European Economic Area (EEA) with competencies in insurance agreed memoranda of understanding (MoUs) with the Bank of England in its capacity as the Prudential...

Brexit Consumer Guide: Practical information for consumers with a life insurance policy or pension from the UK

The European Insurance and Occupational Pensions Authority (EIOPA) issued today a one-page guide targeted for consumers that have a life insurance policy or pension from the United Kingdom (UK) and living in the European Union or considering moving residence from the UK to the EU. The fact that the...

Consumer guide: What should you do if you have a life insurance policy or pension from the UK?

This consumer guide provides practical information for consumers with a life insurance policy or pension from the UK and living in the European Union or considering moving residence from the UK to the EU. Note: The translations of the Brexit Consumer Guide into the official EU languages listed...

ESAs highlight the change in the status of Simple, Transparent and Standardised (STS) securitisation transactions at the end of the UK transition period

The Joint Committee of the European Supervisory Authorities (ESAs) – ESMA, EBA and EIOPA – wish to highlight the impact in the change of status of ‘Simple, Transparent and Standardised’ (STS) securitisation transactions after the end of the Transition Period on 31 December 2020. For a...

EIOPA in 2021: more staff, more responsibilities

The European Insurance and Occupational Pensions Authority (Eiopa) has grown steadily since it was officially established in 2011, but the next few years marks a considerable step up in its budget, staffing and responsibilities. The authority holds an unusual position in the oversight of insurers...

Brexit

The UK transition period according to the Withdrawal Agreement ends on 31 December 2020. Following this date, all Union primary and secondary law will no longer apply to the United Kingdom, including the Solvency II Directive as well as the Directive on Insurance Distribution (IDD). The insurance...

EIOPA calls on insurance sector to complete preparations for the end of the UK transition period

The UK transition period according to the Withdrawal Agreement will end on 31 December 2020. Following this date, all Union primary and secondary law will no longer apply to the United Kingdom, including the Solvency II Directive as well as the Directive on Insurance Distribution (IDD). The...

National competent authorities comply or intend to comply with EIOPA’s recommendations to the insurance sector on UK withdrawal from EU

The European Insurance and Occupational Pensions Authority (EIOPA) has today published the responses from national competent authorities on their compliance, intention to comply or non-compliance with the recommendations set out in EIOPA's 'Recommendations for the insurance sector in light of the...

Interview with Gabriel Bernardino

EIOPA has identified cyber, including silent cyber, aggregation as a key risk. What must the (re)insurance sector do to ensure it can to write this risk prudently and effectively – and how might governments or government agencies help, for example, through the provision of data? The issue of...

EU financial regulators highlight risks of a no-deal Brexit and asset price volatility

The European Union's (EU) banking, insurance, pensions and securities sectors continue to face a range of risks, the latest report on Risks and Vulnerabilities in the EU Financial System published today by the Joint Committee of the European Supervisory Authorities (ESAs) shows. The 2019 Spring...