Events listed in [EIOPA] European Insurance and Occupational Pensions Authority
Asset Management
report / study
EIOPA’s year-end 2021 study on market and credit risk modelling reveals continuing ...
ID 22656
EIOPA conducts its annual European-wide comparative studies on the modelling of market and credit risks since 2021 and published its YE2021 Comparative Study on Market and Credit Risk Modelling. This report summarizes the key findings from the market and credit risk comparative study (MCRCS) performed in 2022 by a joint project group of National Competent Authorities (NCAs) and EIOPA, based on year-end 2021 data. ...
Asset Management
report / study
EIOPA explores nature-related risks and their impact on insurers in staff paper
ID 22545
The European Insurance and Occupational Pensions Authority (EIOPA) published a “EIOPA Staff paper on nature-related risks and impacts for insurance“. Protecting nature’s biodiversity and ecosystems has become crucial in the fight against climate change, and the failure to account for, mitigate, and adapt to the consequences of nature loss could have economic implications that may put overall financial stability at risk. The paper aims ...
Principal adverse impact and product templates for the Sustainable Finance ...
ID 22452
The European Supervisory Authorities (ESAs) have made available an update of the annexes to Commission Delegated Regulation (EU) 2022/1288 and (EU) 2023/363, which supplements the Sustainable Finance Disclosure Regulation (SFDR). This is to provide financial market participants with an editable version of the templates contained in the Delegated Regulations, which are applicable since 1 January 2023 for the financial product disclosures referred to in ...
Asset Management
procedure
EIOPA supervisory statement takes aim at unfair ‘price walking’ practices
ID 22308
The European Insurance and Occupational Pensions Authority (EIOPA) has published a “Supervisory statement on differential pricing practices in non-life insurance lines of business“. The statement is focused on differential pricing practices, where some insurance manufacturers adjust prices based on characteristics that are unrelated to the underlying risks or the cost of service. Examples of such practices include repeated premium increases based on a customerR ...
Asset Management
consultation
EIOPA launches new survey to map financial innovation in insurance
ID 22151
The European Insurance and Occupational Pensions Authority (EIOPA) is launching a new Digitalisation Market Monitoring Survey to monitor the digital transformation strategies of European insurers and understand how they use or plan to use innovative business models and technologies. The survey will gather information on the use of financial innovation in the European insurance sector, including the adoption of new business models such as ...
Asset Management
consultation
EIOPA consults on technical advice for the review of the IORP II Directive
ID 22138
The European Insurance and Occupational Pensions Authority (EIOPA) launched a public consultation on draft technical advice for the review of the IORP II Directive. The draft advice is given in response to a call for advice from the European Commission. The consultation covers the following areas: + Governance and prudential standards + Cross-border activities and transfers + Information to members and beneficiaries and other ...
Asset Management
decision
EIOPA moves to close data gaps by revising reporting of occupational pensions
ID 21821
The European Insurance and Occupational Pensions Authority (EIOPA) has decided to revise the information it receives from national supervisors on occupational pensions, amending the system in place since 2018. The revised decision, which will take effect on 1 January 2025, corrects inconsistencies that have been reported to EIOPA over the years and closes significant data gaps on emerging risks. The major modifications from the ...
Asset Management
consultation
EIOPA consults on changes to the minimum amount of professional indemnity insurance ...
ID 21795
The European Insurance and Occupational Pensions Authority (EIOPA) has launched a public consultation on its draft amendments to the Regulatory Technical Standards (RTS) adapting the base euro amounts for the professional indemnity insurance (PII) cover and financial capacity of insurance intermediaries under the Insurance Distribution Directive (IDD). According to Article 10(7) of the IDD, „EIOPA shall regularly review“ the minimum amounts every five years, ...
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 ...