The European Insurance and Occupational Pensions Authority (EIOPA) has published its report on costs and past performance, examining the costs, charges, and value for money characteristics of retail investment products within its remit from 2020–2023. The report shows that insurance-based investment products (IBIPs) experienced increased net returns, with unit-linked and hybrid products achieving positive returns. However, these returns were outpaced by inflation, and high costs continued to impact value for money. There was a notable rise in demand for sustainable products with environmental, social, and governance (ESG) features, which outperformed their non-ESG counterparts. Personal pension products also recorded positive returns, with unit-linked features providing higher returns compared to profit participation features. The report concluded that consumers willing to accept higher risks could secure better long-term returns, whereas those preferring safer options found greater value in profit participation products.

The European Insurance and Occupational Pensions Authority (EIOPA) published the results of its 2024 Insurance Stress Test, assessing European insurers' resilience to economic and financial shocks stemming from a resurgence of geopolitical tensions. The stress test scenario, involving supply-chain disruptions, low growth, and inflation, shows European insurers are well-positioned to handle geopolitical tensions, but they require substantial capital and liquidity buffers, emphasising the need for prudent risk management and close supervision in uncertain times.

The European Insurance and Occupational Pensions Authority (EIOPA) has published a second report on the application of the Insurance Distribution Directive (IDD). The report finds that the number of registered intermediaries has further decreased over the past two years, a trend already outlined in the previous report, and while the quality of advice and selling methods have improved in some Member States, in others, mystery shopping activities have revealed significant shortcomings related to advice and selling methods.

The European Insurance and Occupational Pensions Authority (EIOPA) has published its second round of consultations related to the Solvency II review, comprising six consultation papers. These consultations address various topics, including biodiversity and sustainability risks, diversity in governance, and updates to existing guidelines and technical standards. Responses are sought by 26 February 2025.

The European Insurance and Occupational Pensions Authority (EIOPA) has published its supervisory expectations regarding the supervision of reinsurance concluded with third-country reinsurers. The supervisory statement aims to demonstrate the risks arising from the use of reinsurance provided by reinsurers operating under regulatory regimes not recognised as equivalent to Solvency II. EIOPA recommends a risk-based approach for identifying and managing the associated risks.

The European Insurance and Occupational Pensions Authority (EIOPA) has published a statement on the findings of a monitoring exercise examining how (re)insurers in Europe are integrating climate change-related risks into their Own Risk and Solvency Assessment (ORSA). The results indicate that most insurers now include climate change risk assessments in their ORSAs, covering both physical and transition risks, and are increasingly using scenario analysis to assess potential financial impacts. In several cases, these assessments are linked to defined management actions and considered in strategic decision-making. The exercise also identified challenges such as variations in approaches across jurisdictions, limited availability of high-quality and granular data, and difficulties in extending the time horizon of analyses. EIOPA stated that supervisory practices are evolving and vary in maturity, and it remains committed to supporting convergence and capacity building in this area.

The European Insurance and Occupational Pensions Authority (EIOPA) has published its Single Programming Document for 2024-2026, outlining the organisation's strategic priorities and planned activities for the coming years, including the Annual Work Programme for 2024. EIOPA outlines the evolving macro-economic, political, environmental, technological and sectoral context impacting its work. This includes factors like economic uncertainty, inflation, digitalisation trends, climate change effects, new regulations like the Digital Operational Resilience Act (DORA), Solvency II review, and the expected growth in EIOPA's tasks.

The European Insurance and Occupational Pensions Authority (EIOPA) has published its strategy to simplify regulation and reduce administrative burdens to boost European competitiveness. EIOPA's approach focuses on creating favourable business conditions, safeguarding consumer rights, maintaining financial stability, and fostering a resilient economy amidst uncertainties and geopolitical changes. This will be achieved through smarter, more harmonised regulation and effective EU-level supervision. Key measures include shortening guidelines, streamlining reporting, introducing proportionality principles, reducing stress test frequency, and promoting streamlined product requirements. EIOPA also emphasises simplifying sustainability reporting to ensure access to reliable data for managing climate risks, supporting the European Commission's efforts in this area.

The European Insurance and Occupational Pensions Authority (EIOPA) has published its technical advice on implementing the new proportionality framework under Solvency II, in response to the European Commission's Call for Advice of 30 April 2024.The advice supports the methodology for classifying insurance undertakings as small and non-complex undertakings (SNCUs) and suggests conditions for granting proportionality measures to other insurers.

The European Insurance and Occupational Pensions Authority (EIOPA) has published its methodology on setting value-for-money benchmarks for unit-linked and hybrid insurance products.

The European Insurance and Occupational Pensions Authority (EIOPA) has issued its technical advice to the European Commission, recommending a stringent one-to-one capital requirement for all cryptoasset holdings of EU (re)insurers. This advice suggests a 100% capital requirement for all crypto holdings, reflecting the inherent risks and high volatility associated with these assets. This aims to ensure a harmonised and prudent approach to managing cryptoasset risks without adding complexity or reporting requirements. The European Commission will review EIOPA's technical advice as part of the Solvency II level 2 provisions update. This advice follows a consultation with stakeholders and responds to the European Commission's Call for Advice.

The European Insurance and Occupational Pensions Authority (EIOPA) has recommended updates to the standard formula capital calibrations for natural catastrophe risks in insurers, following a reassessment exercise using new scientific insights, climate data, and risk modelling. EIOPA proposes adjusting risk factors for perils such as floods, windstorms, hail, earthquakes, and subsidence for certain regions and expanding the number of countries considered. The Opinion EIOPA has published follows a consultation process on the proposals arising from the reassessment exercise. The proposals have been submitted to the European Commission for consideration.