EIOPA publishes opinion on risk mitigation techniques used by insurance undertakings

Article summary

The European Insurance and Occupational Pensions Authority (EIOPA) has published an opinion on the use of risk mitigation techniques by insurance undertakings. Since the implementation of Solvency II new risk mitigation techniques such as new reinsurance structures have appeared in the European market and some existing ones started to gain more relevance. The opinion addresses the use of such techniques and includes a set of recommendations addressed to national competent authorities (NCAs) to ensure convergent supervision.