Publications

Solvency II established a framework for supervision of Europe’s insurance sector, underpinning the importance of a risk-based approach to assessing and mitigating risks. With the overarching objective of strengthening policyholder protection, the framework continues to work well. Nonetheless, it...

The Retail Investment Strategy is a key plank of the European Commission’s Capital Markets Union and aims to promote more transparency, simplicity, fairness and cost-efficiency for retail investment products across the internal market.EIOPA strongly supports these objectives. Insurance-Based...

The new EU strategy on adaptation to climate changehighlights the fact that affordability and insurability of natural catastrophes insurance coverage is likely to become an increasing concern. Research shows that in the past only a quarter of the total losses caused by extreme weather and climate...

Digital operational resilience refers to the ability of a financial entity to build, assure and review its operational integrity and reliability.The financial sector has always relied heavily on information and communication technology (ICT) and this reliance grew during the COVID-19 pandemic as...

There is no question that urgent action is required to address climate change and that environmental protection should be integrated into economic growth strategies. In the financial sector, insurance and pension funds have the longest investment time horizons and hence the greatest stake in...

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...

Minutes of the BoS 29-30 June 2022

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)...