EIOPA Submits Draft Technical Standards on Resolution Colleges and IRRD Reporting Requirements
Summary
EIOPA submitted two draft technical standards to the European Commission supporting the EU's Insurance Recovery and Resolution Directive (IRRD): draft Regulatory Technical Standards on resolution college operations and draft Implementing Technical Standards specifying standardized reporting forms for insurers. The IRRD framework, becoming operational in 2027, introduces pre-emptive recovery and resolution planning for European (re)insurers, with the goal of maintaining sector stability and enabling orderly wind-down of failing entities. Public consultations on these instruments ran from July to October 2025.
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What changed
EIOPA submitted two sets of draft technical standards to the European Commission for review: draft Regulatory Technical Standards governing resolution college establishment and functioning, and draft Implementing Technical Standards specifying procedures and standardized forms for resolution planning information. The RTS address cross-border group resolution governance, resolvability assessments, and impediments to resolvability, while the ITS provide templates for insurers to submit data required by resolution authorities, building on existing Solvency II reporting procedures. Affected (re)insurance groups and their compliance teams should monitor Commission review of these drafts and prepare internal processes for resolution planning and reporting obligations under the IRRD framework, which becomes operational in 2027.
Archived snapshot
Apr 24, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
The European Insurance and Occupational Pensions Authority (EIOPA) submitted today to the European Commission two draft technical standards supporting the implementation of the European Union’s Insurance Recovery and Resolution Directive (IRRD). The first sets out draft Regulatory Technical Standards (RTS) on the establishment and functioning of resolution colleges, which will coordinate and carry out tasks related to the resolution of insurance groups. The second concerns draft Implementing Technical Standards (ITS) specifying procedures and a minimum set of standardised forms and templates that insurers must submit to resolution authorities for the preparation of resolution plans.
The IRRD, which is set to become operational in 2027, introduces a recovery and resolution framework tailor-made for (re)insurers in Europe. The Directive puts the focus on the importance of pre-emptive planning and effective crisis management and aims at maintaining the stability of Europe’s insurance sector while also allowing for the orderly wind-down of failing undertakings and groups. The IRRD will make insurance failures less likely and limit the impact of failures when they do happen, making the management of insurance failures more effective and cost-efficient.
The draft technical standards published today support the implementation of the IRRD framework.
The functioning of Resolution Colleges
The draft Regulatory Technical Standards (RTS) on the functioning of resolution colleges specify the way those colleges operate. The draft RTS include provisions on how the colleges should collaborate in developing resolution plans, assessing the resolvability of groups and addressing substantive impediments to resolvability where relevant. They also outline governance principles to be followed in the resolution of cross-border groups.
Procedures and templates for the provision of information for resolution plans
These draft Implementing Technical Standards (ITS) set out the procedures and minimum set of standardised forms and templates that insurers should use when submitting to resolution authorities the information required for the preparation of resolution plans. The standards have been prepared taking into account existing procedures for regular Solvency II reporting, as well as the experience of national supervisors with resolution-related reporting. They aim to strike a balance between the information needs of resolution authorities and the reporting burden on insurers by requesting only information that is strictly necessary for effective resolution planning and not already available elsewhere.
Background
In developing the instruments listed above, EIOPA gathered feedback through public consultations from July to October 2025. EIOPA has sought to minimise the burden on authorities and undertakings and simplify the regulation while making sure that the instruments remain robust.
Specific examples of burden reduction and simplification measures for each instrument are provided in this Annex .
For each instrument, EIOPA also publishes the respective impact assessments and feedback statements relating to the public consultations.
For more information on the IRRD – its objectives, key elements and the expected implementation timeline – visit the dedicated section of our website.
Details
Publication date 24 April 2026
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