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Third IDD Application Report - Insurance Distribution Trends

EIOPA published its third report on the application of the Insurance Distribution Directive (IDD), confirming a 12% increase in EU passport registrations for insurance intermediaries between 2020-2024. The report identifies growing use of Generative AI in distribution channels, persistent concerns around sustainability disclosures and inducement transparency, and gaps in sales process quality. Findings will inform EIOPA's supervisory convergence work and the European Commission's Retail Investment Strategy and IDD review.

Ultimate Forward Rate 2027 Calculation Euro Unchanged

EIOPA published the annual Ultimate Forward Rate (UFR) calculation for 2027. The euro UFR remains unchanged at 3.30%. The Chinese renminbi UFR decreases by 15 basis points to 4.05%. This technical rate serves as a reference for insurance and pension liability calculations under Solvency II.

Solvency II Amendments Reducing Supervisory Reporting and Disclosure Burden

EIOPA submitted draft amendments to two Implementing Technical Standards under Solvency II to the European Commission. The amendments implement the Solvency II review outcomes while reducing supervisory reporting and public disclosure requirements by 26% for quarterly templates (36% for small and non-complex undertakings) and by 30% for annual templates (44% for small and non-complex undertakings). The new requirements will take effect 30 January 2027, with a transitional provision allowing early relief for annual 2026 reporting.

ESAs Spring Risk Update: Geopolitical and Private Finance Risks Highlighted

The European Supervisory Authorities (ESAs) have published their Spring 2026 update on risks and vulnerabilities in the EU financial system, focusing on geopolitical tensions and private finance. The report notes the resilience of the EU financial sector but calls for continued vigilance from supervisors and market participants.

NAIC Issues Nationwide Homeowners Insurance Data Call

State insurance regulators, through the NAIC, have issued a nationwide data call to insurance companies regarding homeowners insurance markets. The data call, with a June 15, 2026 deadline, aims to provide ZIP code-level insights into coverage, costs, availability, and mitigation efforts to better protect consumers.

NAIC Modernizes Market Conduct Regulation for AI and New Models

The NAIC has established a new Working Group to modernize market conduct regulation, focusing on the impact of artificial intelligence and new distribution models. This initiative aims to ensure the regulatory framework remains effective in protecting policyholders while adapting to technological advancements in the insurance industry.

EIOPA and EUSPA Use Copernicus Data for Weather Event Supervision

EIOPA and EUSPA have published a white paper exploring the use of Earth Observation data from Copernicus to enhance the supervision of natural catastrophes and assess the impact of extreme weather events on the European insurance sector. The paper highlights how satellite data can improve risk assessment, scenario design, and loss estimation for insurers and supervisors.

NAIC President White Discusses AI, Market Data at Spring Meeting

NAIC President Scott A. White discussed the organization's strategic priorities, including the regulation of artificial intelligence in the insurance sector and efforts to address homeowners market challenges. The remarks were delivered at the NAIC's 2026 Spring National Meeting.

NAIC Reaccredits New Jersey and Tennessee Insurance Departments

The NAIC Financial Regulation Standards and Accreditation (F) Committee has reaccredited the insurance regulatory departments of New Jersey and Tennessee. This reaccreditation confirms that these departments continue to meet NAIC standards for financial solvency oversight and effective regulation of multistate insurers.

EIOPA Seeks Input on Insurer/Pension Data Collection

EIOPA has launched a consultation seeking stakeholder input on improving data collection for insurers and pension funds. The feedback will inform a report to the European Commission on streamlining regulatory reporting and reducing compliance costs.