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European Insurance and Occupational Pensions Authority
ConsultationClosed

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

Details

Status
Closed
Opening date
Deadline

Target audience

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 through the system of governance, risk-management system and the Own Risk and Solvency Assessment (ORSA).

The draft Opinion sets out EIOPA’s expectations to national competent authorities on the supervision of the integration of climate change risk scenarios by insurers in their ORSA, applying a risk-based and proportionate approach, with the aim of enhancing supervisory convergence across Europe.

EIOPA invites stakeholders to submit their feedback on the consultation paper by Tuesday, 5 January 2021, 23:59 CET using the EU Survey below.

Unless requested otherwise, EIOPA will publish all contributions received following the consultation period.

Respond to the consultation

The response period for this consultation has ended. Thank you for your input.

Reference documents

Replies

31 JANUARY 2023
Resolutions table on the consultation of climate scenarios in ORSA.pdf
31 JANUARY 2023
Feedback statement on the consultation of climate scenarios in ORSA.pdf

Consultation paper

31 JANUARY 2023
Consultation paper on the draft opinion on climate scenarios in ORSA.pdf