Sustainability

OPSG Advice on product disclosure templates under the Sustainable Finance Disclosure Regulation

EIOPA consults on the supervision of the use of climate change scenarios in ORSA

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published a consultation on the use of climate change risk scenarios in the Own Risk and Solvency Assessment (ORSA) in the form of a draft supervisory Opinion. In EIOPA’s view, it is essential to foster a forward-looking...

Consultation on the draft Opinion on the supervision of the use of climate change risk scenarios in ORSA

The consultation is a follow-up to last year’s Opinion on Sustainability within Solvency II, which recommended that (re)insurers consider climate risks beyond the one-year time horizon...

Survey on product disclosure templates under the Sustainable Finance Disclosure Regulation

The European Supervisory Authorities (ESAs) welcome comments on this survey setting out the details of the presentation of the information to be disclosed pursuant to Article 8(3), Article 9(5) and Article 11(4) of the Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27...

The EU sustainable finance taxonomy from the perspective of the insurance and reinsurance sector

This article investigates how much investment held by insurers may be eligible to the EU sustainable finance taxonomy.

To this aim, Solvency II item-by-item investment data is employed. As part of the Green Deal, the Commission presented the European Green Deal Investment Plan, which will...

Issues Paper on resilience solutions for pandemics

The paper recognises that private insurance solutions alone will not be sufficient to protect society against the financial consequences of future pandemics. Solutions will require both public and private sector involvement, and build on the following four key elements: Proper risk assessment Risk...

Insurance against pandemic risk: EIOPA identifies options for shared resilience solutions

Today the European Insurance and Occupational Pensions Authority (EIOPA) published its Issues Paper highlighting options for developing shared resilience solutions for pandemic risk. The paper recognises that private insurance solutions alone will not be sufficient to protect society against the...

EIOPA’s response to the European Commission's consultation on the renewed sustainable finance strategy

EIOPA responds to the European Commission’s consultation on a renewed sustainable finance strategy

The European Insurance and Occupational Pensions Authority (EIOPA) submitted today its response to the consultation of the European Commission on a renewed sustainable finance strategy. The aim of the European Commission’s strategy is to increase private investment in sustainable projects and...

ESA's letter to Vice-President Dombrovskis on the Consultation on a Renewed Sustainable Finance Strategy

The European Supervisory Authorities (ESAs) welcome the European Commission’s consultation on a Renewed Sustainable Finance Strategy as part of its European Green Deal. The ESAs support the Commission’s ambition to strengthen the European policy framework to enhance the resilience of the...