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NEWS
The European Insurance and Occupational Pensions Authority (EIOPA) has published a report analysing the level of digitalisation in the European insurance sector. Based on responses to EIOPA’s 2023 Digitalisation Market Monitoring Survey and insights from a dedicated Eurobarometer poll, it sets out a broad spectrum of practices in the market and points to substantial differences in the digital readiness of individual insurers.
NEWS
The European Insurance and Occupational Pensions Authority (EIOPA) has published its response to the European Commission's consultation on integrating EU capital markets. EIOPA emphasises that while the single market is well-established in the insurance sector, more effective EU-level supervision is essential for the success of the Savings and Investments Union (SIU) initiative. The response outlines areas where the current supervisory framework could be strengthened to support a more integrated and resilient capital market and reduce the risk of consumer detriment.
NEWS
The European Insurance and Occupational Pensions Authority (EIOPA) has published results from its first EU-coordinated mystery shopping exercise examining insurance-based investment products (IBIPs) sales processes across eight EU member states. The exercise, conducted between January–November 2024, involved 454 visits by trained shoppers to insurers, banks, agents, brokers and post offices.
NEWS
The European Insurance and Occupational Pensions Authority (EIOPA) has announced that, in anticipation of the Digital Operational Resilience Act (DORA) coming into application, it will be withdrawing two previously published Guidelines and amending part of an Opinion. The two Guidelines and Opinion are all related, at least in part, to the use of information communication technology (ICT) by undertakings, and by withdrawing them, EIOPA aims to avoid duplications and overlaps with DORA. The changes will take effect from 17 January 2025.
NEWS
The European Insurance and Occupational Pensions Authority (EIOPA) is consulting on a draft opinion on the supervision of the liquidity risk management of institutions for occupational retirement provision (IORPs). EIOPA’s objective is to enhance convergence in oversight to protect pension fund members and beneficiaries, and to bolster the stability of IORPs and the wider financial system. Responses are sought by 20 December 2024.
NEWS
The European Insurance and Occupational Pensions Authority (EIOPA) has submitted three draft technical standards and one set of revised guidelines to the European Commission as part of the implementation of the updated Solvency II Directive 2009/138/EC. The Commission is expected to decide within three months whether to adopt the proposals.
NEWS
The European Insurance and Occupational Pensions Authority (EIOPA) has submitted two draft regulatory technical standards (RTS) to the European Commission setting out new macroprudential requirements introduced under the Solvency II Directive (Directive 2009/138/EC) (Solvency II). The Commission is expected to decide within three months whether to adopt the proposals.
NEWS
Law360, London: The European pensions and insurance industries are increasingly exposed to the possibility of a real estate collapse, the European Insurance and Occupational Pensions Authority (EIOPA) warned in a newly published report into the financial stability for the region.
NEWS
The European Insurance and Occupational Pensions Authority (EIOPA) has welcomed the approval of the global Insurance Capital Standard (ICS) by the International Association of Insurance Supervisors (IAIS) as a prescribed capital requirement for internationally active insurance groups (IAIGs).
NEWS
The European Insurance and Occupational Pensions Authority (EIOPA) has published its July 2025 Insurance Risk Dashboard, based on Q1 2025 Solvency II data and Q2 2025 market data from 96 insurance groups and 2116 solo insurance undertakings. The report indicates stable medium-level risks across the European insurance sector, with strong capitalisation and improved non-life underwriting results. However, EIOPA flags concerns in market risks due to fixed income volatility, while cyber and ESG risks show an upward trend. The assessment highlights ongoing challenges from geopolitical tensions and trade uncertainties.
EIP
GLOSSARY
The Anglesey Energy Island™ Programme: A collective effort between stakeholders within the public and private sector working in partnership to put Anglesey at the forefront of low carbon energy production and servicing, research and development, bringing with it potentially huge economic rewards to Anglesey and the wider North Wales economy.
EIR
GLOSSARY
The Environmental Information Regulations 2004 (SI 2004 / 3391) which set out rights of access of the public to “environmental information” held by public and certain other organisations.