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As the frequency of systemic events increases, there is a risk that insurance products covering them become unaffordable or unavailable. At the same time, products covering such events or products silent about the coverage may explicitly exclude them in the future. These developments have the...

The Annual European Insurance Overview is an extension of EIOPA's statistical services in order to provide an easy-to-use and accessible overview of the European (re)insurance sector. The report is based on annually reported Solvency II information. This ensures that the data has a high coverage...

This Opinion provides EIOPA’s views on the decision and observationsof the European Parliament in respect of the implementation of the budget for the financial year 2020in accordance with Article 106 of the EIOPA Financial Regulation. It highlights the measures taken by EIOPA to address the...

The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) issued today their Autumn 2022 joint risk report. The report highlights that the deteriorating economic outlook, high inflation and rising energy prices have increased vulnerabilities across the financial sectors. The ESAs...

Reliable data is the basis for successful,data-driven supervision, evidence-based decision making and micro- and macro-prudential analysis. EIOPA is therefore constantly working to assess and improve the quality of the available insurance reporting data. After six years of Solvency II prudential...

European Commission's call for advice to the ESAs on greenwashing risks and the supervision of sustainable finance policies

This application guidance is a follow-up from EIOPA’s Opinion on the supervision of the use of climate change risk scenarios in ORSA (“Opinion”) published in April 2021 (EIOPA-BoS-21-127 - EIOPA, 2021a). The Opinion was addressed to the national competent authorities on the basis of Article 29(1)...

Report to the Commission under Article 18 of Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector.

Following the publication in the EU Official Journal of Regulation of Commission Delegated Regulation (EU) 2022/1288 supplementing the Sustainable Finance Disclosure Regulation (SFDR - Regulation (EU) 2019/2088), the European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) are making...

This Guidance is a follow-up to a public consultation which EIOPA ran on draft Guidelines on integrating the customer’s sustainability preferences in the suitability assessment under the Insurance Distribution Directive (IDD).During the public consultation, a number of respondents stressed the...

The peer review assessesthe overall maturity of the framework implemented by national supervisory authorities (NSAs) to supervise the outsourced activities of insurance and reinsurance undertakings.The objective of the peer review was to identify gaps, areas of improvements and best practices to...

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The European Insurance and Occupational Pensions Authority (EIOPA) published today a staff paper that provides an overview of the proposal for an Insurance Recovery and Resolution Directive (IRRD) put forward by the European Commission in September 2021. In its staff paper, EIOPA welcomes the...

During the 2020 review of Solvency II EIOPA identified several divergent practices regarding the valuation of best estimate, as presented in the analysis background document to EIOPA’s Opinion on the 2020 review of Solvency II. Divergent practices require additional guidance to ensure a convergent..

During the 2020 review of Solvency II EIOPA identified several divergent practices regarding contract boundaries assessment, as presented in the analysis background document1 to EIOPA’s Opinion on the 2020 review of Solvency II. Divergent practices require additional guidance to ensure a...

Letter to co-legislators on the Artificial Intelligence Act

The thematic article employs panel data to investigate whether stress test results and other characteristics associated with European insurers vulnerabilities affect dividend distributions and share buybacks. The authors, Petr Jakubik from EIOPA and Saida Teleu from the Central Bank of Malta...

EIOPA’s supervisory convergence plan identifies, in line with EIOPA’s mandate, EIOPA’s annual priorities to enhance supervisory convergence by ensuring a high, effective and consistent level of supervision across Europe, with the aim of guaranteeing a similar level of protection of policyholders...

TheJune 2022 Financial Stability Reportexamines the main trends for the European (re)insuranceand pensions sectors as well as the macroeconomic landscape with its implications.It considers the impact ofinflation driven bystressed supply chains and the geopolitical situation that has further...