Insurance Regulation

EIOPA Publishes IRRD Guidelines and Draft Technical Standards

The European Insurance and Occupational Pensions Authority (EIOPA) has published six new guidelines and draft technical standards for the Insurance Recovery and Resolution Directive (IRRD). These instruments provide practical implementation details for recovery and resolution frameworks for insurance undertakings, aiming to minimize the impact of failures on policyholders and financial stability.

EIOPA Revised Guidelines on Supervisory Review Process

The European Insurance and Occupational Pensions Authority (EIOPA) has published revised Guidelines on the Supervisory Review Process, incorporating updated regulatory developments and new supervisory best practices. These revised guidelines will become applicable on January 30, 2027.

EIOPA Updates Solvency II Guidelines on Supervisory Review and Risk Exposures

The European Insurance and Occupational Pensions Authority (EIOPA) has updated its Solvency II Guidelines concerning the supervisory review process and market/counterparty risk exposures. The revisions aim to align with Solvency II review outcomes, incorporate emerging risks like cyber and sustainability, and streamline existing rules.

EIOPA Consults on Revised Solvency II Group Solvency Guidelines

The European Insurance and Occupational Pensions Authority (EIOPA) has launched consultations on revised Guidelines for group solvency calculations and supervisory reporting under Solvency II. The revisions aim to align with the amended Solvency II framework and simplify existing guidelines, proposing significant reductions in the number of individual guidelines.

EIOPA Updates Solvency II Volatility Adjustment Reference Portfolios

The European Insurance and Occupational Pensions Authority (EIOPA) has published updated reference portfolios for calculating the volatility adjustment to risk-free interest rates under Solvency II. These updated portfolios will be used for the VA calculation from the end of March 2026.

EIOPA Consults on EU Insurance Recovery and Resolution Framework

EIOPA has launched seven consultations on draft guidelines and technical standards for the implementation of the EU's Insurance Recovery and Resolution Directive (IRRD). These consultations cover pre-emptive recovery plans, simplified obligations, and the independence of valuers, with the IRRD set to become operational in January 2027.

EIOPA Consultation on Private Equity Firm Supervision Statement

EIOPA has launched a public consultation on a draft supervisory statement concerning the authorisation and ongoing supervision of insurance and reinsurance undertakings owned by private equity firms. The consultation seeks feedback on proposed supervisory expectations to address risks associated with these acquisitions and ensure consistent supervision across the EU.

EIOPA Seeks Input on Solvency II NatCat Insurance Adaptation Measures

The European Insurance and Occupational Pensions Authority (EIOPA) has launched a public consultation on the prudential treatment of adaptation measures for natural catastrophe insurance under Solvency II. The consultation seeks feedback on potential adjustments to the standard formula to better reflect these measures and aims to reduce the insurance protection gap.

OPSG Paper on Typology of Multi-Pillar Pension Systems in Europe

The European Insurance and Occupational Pensions Authority (EIOPA) has published a paper detailing the typology of multi-pillar pension systems across Europe. This guidance aims to provide a framework for understanding the diverse pension landscape within the EU.

EIOPA DC Pensions Toolkit Development - OPSG Input

The Occupational Pensions Stakeholder Group (OPSG) has submitted its response to the European Insurance and Occupational Pensions Authority's (EIOPA) call for evidence regarding the development of a DC pensions toolkit. This input is intended to inform EIOPA's ongoing work in this area.