Autoridad Europea de Seguros y Pensiones de Jubilación

The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) published today a report on the feasibility of further centralisation in the reporting of major ICT-related incidents by financial entities according to Article 21 of the Digital Operational Resilience Act (DORA). In line with the DORA mandate, the ESAs’ joint report explores the … Leer más

The European Insurance and Occupational Pensions Authority (EIOPA) published today its 2024 Consumer Trends Report, highlighting the main trends in consumers’ experience with insurance and pension products. The report explores four key areas: the role of digitalisation in shaping the insurance and pension sectors, the transformatory power of AI in insurance, consumers’ appetite for supplementary pensions in light of … Leer más

The European Insurance and Occupational Pensions Authority (EIOPA) issued today a recommendation to Bulgaria’s Financial Supervision Commission (FSC – Комисия за финансов надзор), urging the supervisor to review its supervisory processes regarding the assessment of (re)insurers’ solvency positions. EIOPA issues the present recommendation following a review by the FSC of a Bulgarian reinsurance undertaking’s solvency … Leer más

The European Insurance and Occupational Pensions Authority (EIOPA) published today the shifted risk-free interest rate (RFR) term structures. These term structures are applied to calculate the option-adjusted duration of technical provisions, which must be reported according to the Guidelines on reporting for financial stability purposes (Template S.38.01.11 – Duration of technical provisions). The shifted RFR … Leer más

The European Insurance and Occupational Pensions Authority (EIOPA) has published the technical information on the symmetric adjustment of the equity capital charge for Solvency II with reference to the end of December 2024. Click here to view the documentation.  Legal Background The symmetric adjustment is regulated mainly in Article 106 of Directive 2009/138/EC (Solvency II Directive); Article … Leer más

The European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) today kicked off a joint recruitment process for Heads of Unit (AD9) in the Joint Oversight team that was set up to carry out the oversight of the Information and Communication Technology Critical Third-Party Providers (CTPPs) under the Digital Operational Resilience Act (DORA). The Heads … Leer más

The European Insurance and Occupational Pensions Authority (EIOPA) announced today that it will withdraw two previously published Guidelines and amend an Opinion – all related, at least in part, to the use of information communication technology (ICT) by undertakings. This decision comes in anticipation of the Digital Operational Resilience Act (DORA) coming into application. By … Leer más

EIOPA and ECB propose possible EU-level approach to reduce insurance protection gap for natural catastrophes, building on existing national and EU structures Two-pillar solution includes pooling private risks to increase insurance coverage and strengthening EU public disaster risk management  European Insurance and Occupational Pensions Authority (EIOPA) and the European Central Bank (ECB) today released a … Leer más

The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) published today a summary report with the key findings from the 2024 Dry Run exercise on reporting the registers of information under the Digital Operational Resilience Act (DORA). The conclusions and lessons learnt as well as individual data quality feedback provided to financial entities … Leer más

The European Insurance and Occupational Pensions Authority (EIOPA) published today its December 2024 Financial Stability Report in which it assesses the risks and vulnerabilities facing European insurers and occupational pension funds in a challenging risk landscape marked by high uncertainties. In addition to providing an overview of recent developments, the report also features three topical … Leer más