News

EIOPA published today its technical advice on the implementation of the new proportionality framework under Solvency II, requested by the European Commission.

EIOPA published today its final technical advice to the European Commission on the standard formula capital treatment of insurers’ direct exposure to qualifying central clearing counterparties (CCPs).

EIOPA published today its January 2025 Risk Dashboard on Institutions for Occupational Retirement Provision (IORPs), which shows that risks in the European IORP sector are stable and overall at medium levels.

EIOPA published today its fifth annual report on administrative sanctions and other measures imposed during 2023 by National Competent Authorities (NCAs) under the Insurance Distribution Directive (IDD).

In line with the DORA mandate, the ESAs’ joint report explores the potential for further centralisation regarding financial entities’ reporting of major ICT-related incidents to competent authorities.

In June 2023, Národná banka Slovenska (NBS) withdrew the authorisation of NOVIS Insurance Company and petitioned the relevant competent Slovak court to dissolve NOVIS and appoint a liquidator for the company. However, a liquidator has still not been appointed to this day.

The report explores four key areas: the role of digitalisation in shaping the insurance and pension sectors, the transformatory power of AI in insurance, consumers’ appetite for supplementary pensions in light of increasing pension gaps, and the real/perceived value for money of insurance and pensi

EIOPA issued today a recommendation to Bulgaria’s Financial Supervision Commission (FSC - Комисия за финансов надзор), urging the supervisor to review its supervisory processes regarding the assessment of (re)insurers’ solvency positions.

EIOPA publishes biannual shifted risk-free rates for duration calculation in financial stability reporting – end-December 2024

EIOPA published technical information on the relevant risk-free interest rate term structures (RFR) with reference to the end of December 2024.

Monthly update of the symmetric adjustment of the equity capital charge for Solvency II – end-December 2024

The ESAs today kicked off a joint recruitment process for Heads of Unit (AD9) in the Joint Oversight team that was set up to carry out the oversight of the Information and Communication Technology Critical Third-Party Providers (CTPPs) under the Digital Operational Resilience Act (DORA).

EIOPA announced today that it will withdraw two previously published Guidelines and amend an Opinion – all related, at least in part, to the use of information communication technology (ICT) by undertakings.

With this note, EIOPA provides an update of the current situation of FWU AG Group and its insurance subsidiaries FWU Life Insurance Lux S.A. (“FWU Luxembourg”) and FWU Life Insurance Austria AG (“FWU Austria”), including some considerations for policyholders.

EIOPA and ECB propose possible EU-level approach to reduce insurance protection gap for natural catastrophes, building on existing national and EU structures. Two-pillar solution includes pooling private risks to increase insurance coverage and strengthening EU public disaster risk management.

EIOPA published today the results of its 2024 Insurance Stress Test in which it assessed European insurers’ ability to cope with the economic and financial fallout from a resurgence of geopolitical tensions. The exercise shows that insurers in the European Economic Area are overall well-capitalized.

The European Supervisory Authorities published today a summary report with the key findings from the 2024 Dry Run exercise on reporting the registers of information under the Digital Operational Resilience Act (DORA).

EIOPA published today its December 2024 Financial Stability Report in which it assesses the risks and vulnerabilities facing European insurers and occupational pension funds in a challenging risk landscape marked by high uncertainties.

The European Supervisory Authorities today published joint Guidelines intended to facilitate consistency in the regulatory classification of crypto-assets under MiCAR. The Guidelines include a standardised test to promote a common approach to classification.