Autoridad Europea de Seguros y Pensiones de Jubilación

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

It is my pleasure to join you at today’s conference on Corporate Governance, Sustainability, and Diversity. I wish I could be with you in person, and I am grateful for the opportunity to share my thoughts with you today, even if virtually. [current state of gender equality]  The topic of the panel that will follow … Leer más

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