EIOPA Revised Guidelines on Supervisory Review Process

EIOPA has issued revised Guidelines on the Supervisory Review Process, which will become applicable on January 30, 2027. These revisions update the original 2015 guidelines to align with the latest regulatory developments, incorporate new supervisory best practices, and address emerging risks and trends identified since the initial adoption. The revision process included a public consultation launched in July 2025.

Insurers operating within the EU must review and prepare to implement these updated guidelines by the effective date of January 30, 2027. Until then, the 2015 guidelines remain in force. While these are non-binding guidelines, adherence is expected as part of supervisory best practices, and failure to align with updated supervisory expectations could lead to increased scrutiny or supervisory actions.