Consultation on the annexes to the opinion on the use of risk mitigation techniques by insurance undertakings: mass-lapse reinsurance and reinsurance agreements’ termination clauses

Interested parties in the insurance sector.

The first annex provides further guidance to supervisors on the treatment of mass-lapse reinsurance, promoting greater supervisory convergence across Europe in the context of evolving risk mitigation methods through the use of reinsurance.

The second annex addresses specific terms of reinsurance agreements' termination clauses that can compromise the effective transfer of risk. In particular, this concerns termination clauses in reinsurance agreements that absolve the reinsurer from its share on legitimately incurred losses within the reinsurance treaty period.

Please send your comments to EIOPA by Friday 7 February 2025, 23:59 CET responding to the questions in the survey provided at the link below. Contributions not provided using the survey or submitted after the deadline will not be processed. In case you have any questions please use the contact form for the survey (link above).