Events listed in Solvency II Directive
Letter to the market of 1st March 2023
ID 22091
IVASS (Institute for Insurance Supervision) has released a letter to the market outlining the key reporting obligations for Italian insurance companies in 2023. This letter details the reporting requirements and deadlines for the submission of Solvency II and financial stability data, as well as national supervisory surveys and statistics. The reporting requirements for Solvency II remain largely unchanged from previous years, and insurance companies ...
Commission Implementing Regulation (EU) 2023/266 of 9 February 2023 laying down ...
ID 21837
Commission Implementing Regulation (EU) 2023/266 was published in the Official Journal (OJ) of the EU. The purpose of the regulation is to provide information necessary for insurance and reinsurance companies to calculate „technical provisions and basic own funds for reporting with reference dates from 31 December 2022 until 30 March 2023“. The following information is set out in the regulation: (1) the relevant risk-free ...
Asset Management
report / study
Impact underwriting: EIOPA reports on insurers’ use of climate-related adaptation ...
ID 21746
The European Insurance and Occupational Pensions Authority (EIOPA) published a report on insurers’ inclusion of adaptation measures to climate change in their non-life underwriting practices. The report is the outcome of an impact underwriting pilot project that EIOPA conducted in 2022 with 31 willing insurance companies from 14 different European countries. The research evaluates how the market currently underwrites policies for adapting to climate ...
Asset Management
procedure
EIOPA aims to strengthen oversight of third country governance arrangements with ...
ID 21724
The European Insurance and Occupational Pensions Authority (EIOPA) published a Supervisory Statement to strengthen the supervision and monitoring of insurance undertakings’ and intermediaries’ activities when using governance arrangements in third countries. EIOPA has previously emphasized that enterprises or intermediaries with a base in the EU shouldn’t resemble shell companies that don’t have the necessary amount of corporate substance there, using branches in ...
Asset Management
information
EIOPA publishes its Supervisory Convergence Plan for 2023
ID 21685
The European Insurance and Occupational Pensions Authority (EIOPA) published its Supervisory Convergence Plan for 2023. The Supervisory Convergence Plan includes EIOPA’s three main priorities to enhance supervisory convergence over the course of 2023: + the implementation of the common supervisory culture and the development of supervisory convergence tools; + the risks to the internal market and the level playing field; + the supervision of ...