Autoridad Europea de Seguros y Pensiones de Jubilación

The European Insurance and Occupational Pensions Authority (EIOPA) published today a Supervisory Statement that provides initial guidance to supervisors on the treatment of insurers’ foreseeable dividends. The aim of this guidance is to promote greater supervisory convergence, addressing the various market approaches currently used by insurers to deduct foreseeable dividends from their own funds. European … Leer más

The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) are advancing in the implementation of the pan-European oversight framework of critical ICT third-party service providers (CTPPs) with the objective to designate the CTPPs and to start the oversight engagement this year. CTPP designation and engagement To designate the CTPPs in 2025, the ESAs … Leer más

The European Insurance and Occupational Pensions Authority (EIOPA) launched a consultation today on its Opinion on Artificial Intelligence governance and risk management, which provides supervisors and insurance undertakings guidance on how to interpret and implement insurance sector provisions in light of the use of AI systems in insurance. EIOPA’s opinion provides further clarity on the … Leer más

The European Insurance and Occupational Pensions Authority (EIOPA) published today its 2024 ‘IORPs in Focus’ report, which provides insights into the latest developments in Europe’s occupational pension fund market. The report’s data reveals ongoing consolidation, a continued shift towards defined contribution plans and a noticeable recovery in terms of assets under management. It is the … Leer más

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published technical information on the relevant risk-free interest rate term structures (RFR) with reference to the end of January 2025. The RFR information has been calculated on the basis of the Technical Documentation. All the documents are available on the RFR dedicated section of the EIOPA website. Background Technical … Leer más

The European Insurance and Occupational Pensions Authority informs policyholders that on 31 January 2025 the District Court of Luxembourg decided on the liquidation and dissolution of FWU Life Insurance Luxembourg (FWU Luxembourg) (see here). Ever since FWU AG (FWU Luxembourg’s parent company) entered into insolvency proceedings, EIOPA has on several occasions provided relevant information to policyholders … Leer más

The European Insurance and Occupational Pensions Authority launched today a public consultation on revised Guidelines on the methods for determining the market share of undertakings that can make use of limited reporting requirements under Solvency II. In the wake of the recent Solvency II Review, EIOPA is reviewing its previous Guidelines to ensure that they … Leer más

The European Insurance and Occupational Pensions Authority (EIOPA) published today its January 2025 Insurance Risk Dashboard, which shows that risks in the European insurance sector are stable and overall at medium levels, with pockets of vulnerabilities stemming from market volatility and shifts in real estate prices. Macroeconomic risks remain stable at a medium level, with … Leer más

The European Insurance and Occupational Pensions Authority is recommending updates to the way natural catastrophe risks are accounted for in insurers’ standard formula calibrations following a comprehensive reassessment exercise conducted in 2023 and 2024. Drawing on new scientific insights, recent climate data and advanced risk modelling, EIOPA proposes adjusting standard formula risk factors for perils … Leer más

The European Insurance and Occupational Pensions Authority (EIOPA) published today its fifth annual report on administrative sanctions and other measures imposed during 2023 by National Competent Authorities (NCAs) under the Insurance Distribution Directive (IDD). In total, NCAs across 20 Member States imposed 1,510 sanctions in 2023. Sanctions based on the IDD are being imposed in … Leer más