Insurance

EIOPA Guidelines on Resolvability Impediments and Measures

The European Insurance and Occupational Pensions Authority (EIOPA) has published final guidelines detailing alternative measures for resolution authorities to address impediments to the resolvability of insurance and reinsurance undertakings. These guidelines specify further details on measures listed in the IRRD and the circumstances for their application.

EIOPA Assesses EFRAG's Advice on Amended Sustainability Reporting Standards

EIOPA has published an opinion assessing the European Financial Reporting Advisory Group's (EFRAG) technical advice on amended European Sustainability Reporting Standards (ESRS). The opinion focuses on impacts to the (re)insurance and occupational pensions sectors, assessing data availability, consistency with EU legislation like Solvency II, and interoperability with international standards.

EIOPA Guidelines on Identifying Critical Insurance Functions

EIOPA has published final guidelines on identifying critical insurance functions, which if disrupted, could severely impact policyholders and financial stability. These guidelines are required under the IRRD and will inform resolution authorities in drafting resolution plans for identified insurers.

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.