Set of consultations related to the review of Solvency II (03/04/2025)

The set of three consultations focus on guidelines on exclusions from group supervision, revised guidelines on the treatment of related undertakings and a revised opinion on the use of volatility adjustments.

Launch of liquidity stress test of occupational pension funds (15/04/2025)

The 2025 exercise probes the sector’s sensitivity to rapid movements in yield curves and focuses on liquidity risks in light of recent years’ market episodes underlining their relevance for long-term institutional investors. The publication of the stress test results is foreseen for mid-December 2025.

First set of consultations in preparation for the EU’s insurance recovery and resolution (IRRD) framework (29/04/2025)

The set of six consultations related to the implementation of the European Union’s Insurance Recovery and Resolution Directive (IRRD) propose draft guidelines and technical standards covering key aspects such as pre-emptive recovery plans, resolution plans and resolvability of insurance undertakings and groups.

Webinar on ESMA’s and EIOPA’s Annual Cost and Past Performance Report (12/06/2025)

Register to this event to have a presentation of the reports of the two supervisory authorities and a Q&As session.

ESAs online workshop with ICT third-party providers: CTPP designation and the preparatory phase for the oversight framework (14/05/2025)

This workshop is designed for ICT third-party providers operating at a European level who consider that they may meet the criteria to be designated as critical due to their importance to European financial entities.

Simplification: a comprehensive and balanced approach amid push for competitiveness (15/04/2025)

EIOPA put forward its approach to supporting the objective of simplifying regulation and reducing administrative burdens for enhanced European competitiveness. To achieve a balanced and credible outcome, EIOPA calls for smarter, more harmonised regulation alongside more effective supervision at the EU level.

Occupational pensions risk dashboard for April 2025 (01/04/2025)

EIOPA’s latest risk dashboard shows stable risk landscape for occupational pension funds although geopolitical uncertainties bring macro and market risks to the fore.

Data Specialist (12/05/2025)

Data Specialist

Insurance risk dashboard: stable risk landscape, but geopolitical uncertainties worsen the outlook for macro, market and digitalisation risks (15/04/2025)

The April 2025 Insurance Risk Dashboard based on Q4 2024 Solvency II data and Q1 2025 market data shows that risks in the European insurance sector are stable and overall at medium levels, with pockets of vulnerabilities stemming from ongoing market volatility related to high geopolitical uncertainty.

Costs and past performance report (01/04/2025)

The Costs and past performance report analyses the costs, charges and value for money characteristics of retail investment products within EIOPA’s remit over the period 2020 to 2023.

Expert on Regulatory Reporting and Data Standardization (05/05/2025)

Expert on Regulatory Reporting and Data Standardization

Unlocking the potential of Europe’s savers (26/03/2025)

In its plans for a Savings and Investment Union (SIU), the European Commission rightly identifies the need to channel retail savings from bank accounts to investment products as a means to fuel growth not just for Europe’s economy, but also for its citizens. Discover EIOPA's views on how to realise the potential of Europe’s savers.

Supervising digital transformation in the age of AI (17/03/2025)

EIOPA's Chairperson spoke at the Insurtech Insights Conference about how EIOPA regulates and supervises insurers in a time of rapid technological change.

Driving resilience and action in a warming world (17/03/2025)

In her opening remarks at EIOPA's sustainable finance conference, Petra Hielkema outlined actions that can contribute to a more resilient financial system in the face of climate change, such as addressing protection gaps, enhancing regulatory frameworks and conducting forward-looking stress tests.

ESAs' Opinion on the draft Regulatory Technical Standard on subcontracting under DORA (06/03/2025)

The opinion acknowledges the assessment performed by the European Commission and confirms that the amendments proposed ensure that the draft RTS is in line with the mandate set out under DORA.

Consultation paper and impact assessment on EIOPA's Opinion on AI governance and risk management (12/02/2025)

EIOPA's Opinion on Artificial Intelligence governance and risk management provides supervisors and insurance undertakings guidance on how to interpret and implement insurance sector provisions in light of the use of AI systems in insurance.

Consultation on revised Guidelines on methods for determining the market shares for reporting (03/02/2025)

This consultation paper presents the proposed revised Guidelines on methods for determining the market shares for the purpose of limiting supervisory reporting according to the Article 35(11) of the current Solvency II Directive.

Online public event on EIOPA's IDD application report (09/04/2025)

After more than 6 years of application of the IDD, the event will assess how the current regulatory framework has been applied and to what extent it achieves its goal of addressing consumer risk.

Online public hearing on the consultation paper on EIOPA’s Opinion on Artificial Intelligence Governance and Risk Management (08/04/2025)

This online event aims at explaining the rationale and objective of EIOPA’s Opinion on Artificial Intelligence Governance and Risk Management.

Team Leader Planning, Reporting and Control (14/04/2025)

Team Leader Planning, Reporting and Control

Procurement Expert (31/03/2025)

Procurement Expert

Technical advice on standard formula capital requirements for investments in crypto-assets (27/03/2025)

In this technical advice to the European Commission, EIOPA is recommending that a one-to-one capital requirement be applied consistently to all crypto holdings of EU (re)insurers.

Consultation on a blueprint for an awareness tool for natural catastrophe risks and prevention measures (28/11/2024)

The tool for which EIOPA seeks feedback aims at helping citizens better understand how exposed is their property to natural hazards, the benefits of adequate insurance coverage and what prevention measures they can take to reduce potential losses.

Online event on the application of the Insurance Distribution Directive (IDD) (09/04/2025)

After more than 6 years of application of the IDD, the event will assess how the current regulatory framework has been applied and the extent to which it has been achieving its goal of addressing risks for consumers.

EIOPA Sustainable Finance Conference 2025: Driving Resilience and Action in a Warming World (13/03/2025)

EIOPA’s 2025 Sustainable Finance Conference will gather regulators, industry and stakeholders to critically assess recent developments and identified challenges and explore solutions to deliver on sustainability goals.

Roadmap towards the designation of CTPPs under DORA (25/02/2025)

The European Supervisory Authorities provide a roadmap regarding the implementation of the pan-European oversight framework of critical ICT third-party service providers (CTPPs), stressing their objective to designate the CTPPs and to start the oversight engagement this year.

Supervisory Statement on the treatment of insurers’ foreseeable dividends (25/02/2025)

The aim of this guidance is to promote greater supervisory convergence, addressing the various market approaches currently used by insurers to deduct foreseeable dividends from their own funds.

Market report on occupational pension funds (25/02/2025)

The IORPs in Focus report reveals ongoing consolidation, a continued shift towards defined contribution plans and a noticeable recovery in terms of assets under management. It is the first report since 2018 that analyses both domestic and cross-border IORPs in a single publication.

EIOPA's opinion on the reassessment of the Nat Cat Standard Formula (30/01/2025)

EIOPA 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. EIOPA proposes adjusting standard formula risk factors for perils like flood, hail, earthquake and windstorm for certain regions.

Consumer trends in insurance and pensions (15/01/2025)

EIOPA's 2024 Consumer Trends 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 increasing pension gaps, and the real/perceived value for money of insurance and pensions products.

Technical advice on the implementation of the new proportionality framework under Solvency II (22/01/2025)

This advice endorses the methodology for classifying insurance undertakings as ‘small and non-complex’, as outlined in the amended Solvency II Directive, and puts forward a set of conditions for granting similar proportionality measures to (re)insurers that do not classify as small and non-complex.

Technical advice on standard formula capital requirements for direct exposures to qualifying central counterparties (30/01/2025)

This advice aims to more closely align the treatment of such exposures under Solvency II with their treatment under the Capital Requirements Regulation.

Recommendation to Bulgaria’s Financial Supervision Commission on the supervisory assessment of the solvency position of insurance and reinsurance undertakings (22/01/2025)

EIOPA issued the recommendation following a review by the FSC of a Bulgarian reinsurance undertaking’s solvency simulation.

Report on the feasibility for further centralisation of reporting of major ICT-related incidents (22/01/2025)

In line with the DORA mandate, the ESAs’ joint report explores the potential for further centralisation regarding financial entities’ reporting of major ICT-related incidents to competent authorities.

IDD sanctions report (22/01/2025)

EIOPA released its fifth annual report on administrative sanctions and other measures imposed during 2023 by National Competent Authorities (NCAs) under the Insurance Distribution Directive (IDD).

Consultations following the Solvency II Review (01/10/2024)

EIOPA has a series of consultations regarding changes that are expected to be introduced to the regulatory framework as part of the Solvency II review process.

Public event on 3 consultation papers on sustainability topics (11/02/2025)

EIOPA is organising a public event discuss three consultation papers on: natural catastrophe risks and prevention measures awareness, biodiversity, and sustainability risk plans

Identification of critical functions (part of IRRD short series of online events) (07/02/2025)

EIOPA is planning a series of short events, each of them covering specific aspects related to the Insurance Recovery and Resolution Directive. Join this webinar on how to identify the critical functions

Traineeship positions (20/01/2025)

TRAINEESHIP POSITIONS

2024 Insurance stress test results (16/12/2024)

In the 2024 stress test exercise, EIOPA assessed European insurers’ ability to cope with the economic and financial fallout from a resurgence of geopolitical tensions. The exercise shows that insurers are overall well-capitalized and able to meet the Solvency II requirements even under the stress test’s severe but plausible shocks.

Financial stability (18/12/2024)

The 2024 Financial Stability Report assesses the risks and vulnerabilities facing European insurers and occupational pension funds in a challenging risk landscape marked by high uncertainties. The report also features three topical analyses that are particularly relevant in the current context.

European approach to reduce economic impact of natural catastrophes (18/12/2024)

EIOPA and the ECB released a joint paper with a proposal to reduce the economic impact of natural catastrophes in the EU. Building on existing national and EU structures, the ECB and EIOPA propose a possible EU-level solution composed of two complementary pillars: an EU public-private reinsurance scheme and an EU fund for public disaster financing.

Public event on 3 consultation papers on sustainability topics (11/02/2025)

In this public event we will discuss three recently launched consultation papers on: a tool to raise awareness on natural catastrophe risks and prevention measures, on biodiversity and on sustainability risk plans.

Consultation on the annexes to the opinion on the use of risk mitigation techniques by insurance undertakings: mass-lapse reinsurance and reinsurance agreements’ termination clauses (08/11/2024)

The consultation relates to two annexes to be added to EIOPA's Opinion on the use of risk-mitigation techniques by insurance undertakings from 2021: the annex related to mass-lapse reinsurance and the one related to the reinsurance agreements’ termination clauses.

Smarter, Simpler, Stronger: Insurance and Pensions for the Future (21/11/2024)

EIOPA Conference 2024 took place on 21 November in Frankfurt, bringing together industry experts, regulators, consumer associations and academics. Read Petra Hielkema's intervention about five key imperatives for smarter, simpler and stronger insurance and pensions sectors.

Consultation on supervising the liquidity risk management of IORPs (26/09/2024)

This consultation paper sets out EIOPA’s draft Opinion on the supervision of IORPs’ liquidity risk management. Its 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.

“Fit-For-55” climate stress test results (21/11/2024)

The results of the one-off “Fit-For-55” climate scenario analysis show that transition risks alone are unlikely to threaten financial stability if the measures of the climate plan are fully implemented. However, when transition risks are combined with macroeconomic shocks, they can increase losses for financial institutions and may lead to disruptions.

Dedicated prudential treatment for insurers’ fossil fuel assets (21/11/2024)

In its Report on the prudential treatment of sustainability risks within Solvency II, EIOPA recommends additional capital requirements for fossil fuel assets on European insurers’ balance sheets to accurately reflect the high risks of these assets.

EIOPA Opinion on the scope of DORA in light of the review of the Solvency II framework (19/11/2024)

In its opinion, EIOPA is calling on the European Commission to take the necessary actions to avoid disproportionate compliance efforts from small insurance undertakings in the transition period prior to the application of the revised Solvency II Directive.

Joint Guidelines on the oversight cooperation and information exchange between the ESAs and the competent authorities under DORA Regulation (EU) 2022/2554 (19/11/2024)

The Joint Guidelines on the oversight cooperation and information exchange between the ESAs and the competent authorities under Regulation (EU) 2022/2554 are available in all EU languages.

ESAs Decision the reporting by competent authorities to the ESAs of information necessary for the designation of critical ICT third-party service providers (19/11/2024)

The Decision provides a general framework for the annual reporting to the ESA of the information necessary for the CTPP designation, including: timelines, frequency and reference dates, general procedures for the submission of information, quality assurance and revisions of submitted data, as well as confidentiality and access to information.

Factsheet on insurers' green investments - 2024 Q2 (19/11/2024)

The factsheet provides an overview of the investments of EEA-based insurance groups.

Joint Guidelines on the exchange of information relevant to fit and proper assessments (19/11/2024)

These Joint Guidelines apply to competent authorities within the ESFS and focus on two main areas: the use of the F&P Information System, and information exchange and cooperation between the competent authorities when conducting fitness and propriety assessments.

Insurance Risk Dashboard: stable risk assessment with market risks remaining as key concern (23/10/2024)

The Insurance Risk Dashboard shows that risks in the European insurance sector are stable and overall at medium levels, with pockets of vulnerabilities stemming from market volatility and real estate prices.

Risk dashboard on occupational pension funds: market risks is key concern (23/10/2024)

The October 2024 risk dashboard for institutions for occupational retirement provision (IORPs) shows stable risks in the European IORP sector and overall at medium levels, with signs of vulnerabilities stemming from market volatility.

Petra Hielkema's statement to the Economic and Monetary Affairs Committee of the European Parliament (23/10/2024)

In her introductory statement, EIOPA's Chairperson focused on the importance of closing the insurance protection gaps and the pensions savings gap, as well as on strengthening consumer protection, on digitalisation and sustainability. Ms Hielkema also presented EIOPA’s key achievements from the past year.

Methodology on Value for Money Benchmarks (28/10/2024)

EIOPA's methodology on setting value-for-money benchmarks for unit-linked and hybrid insurance products aims to support EIOPA's and national supervisors’ efforts to adopt an increasingly data-driven and risk-based approach to the supervision of value for money risks.

2024 Joint ESAs Annual Report on Principal Adverse Impact disclosures under the Sustainable Finance Disclosure Regulation (28/10/2024)

The Report assesses both entity and product-level Principal Adverse Impact (PAI) disclosures under the SFDR. These disclosures aim at showing the negative impact of financial institutions’ investments on the environment and people and the actions taken by asset managers, insurers, investment firms, banks and pension funds to mitigate them.

Report on the use of limitations and exemptions in Solvency II reporting in the EEA (28/10/2024)

The report provides an overview of the number of National Competent Authorities (NCAs) that grant limitations and/or exemptions from Solvency II reporting requirements to solo undertakings and groups in the EEA.

Final Report on draft ITS on certain tasks of collection bodies and certain functionalities of the European Single Access Point (ESAP) (28/10/2024)

These ITS are the first milestone for the successful establishment of a fully operational ESAP. The requirements are designed to enable future users to be able to access and use financial and sustainability information effectively and effortlessly in a centralised ESAP platform.

Consultation on technical advice on standard formula capital requirements for investments in crypto assets (24/10/2024)

The draft advice details the current prudential treatment of investments in crypto-assets, assesses the appropriateness of that treatment, and recommends changes that could be made to the standard formula treatment.

Consultation on criteria for selecting insurers to run macroprudential analyses - Solvency II Review (17/10/2024)

The Consultation Paper regarding the Regulatory Technical Standard on macroprudential analyses proposes both quantitative and risk-based criteria to determine which undertakings and groups should consider macroprudential elements in their Own Risk and Solvency Assessments (ORSA) and in their application of the Prudent Person Principle (PPP).

Facility and Contract Management Expert (18/11/2024)

Facility and Contract Management Expert

Consultation on draft Guidelines on templates for explanations and opinions, and the standardised test for the classification of crypto-assets (12/07/2024)

To support market participants and supervisors in adopting a convergent approach to the classification of crypto-assets, the Guidelines propose a standardised test, as well as templates for explanations and legal opinions that provide descriptions of the regulatory classification of crypto-assets.

Joint Committee Report on risks and vulnerabilities in the EU financial system - Autumn 2024 (10/09/2024)

The Report underlines ongoing high economic and geopolitical uncertainties. The ESAs warn national supervisors of the financial stability risks and call for continued vigilance from all financial market participants.

Consultation on standard formula capital requirements for insurers' direct exposures to qualifying central counterparties (31/07/2024)

On 30 April 2024, the European Commission requested from EIOPA technical advice on the standard formula capital requirements for exposures to qualifying central counterparties when undertakings become direct clearing members. The Consultation Paper discusses different options to account for insurers' direct involvement in CCPs.

Reforming the Pan-European Pension Product (PEPP) (11/09/2024)

Read EIOPA's staff paper to learn more about the reasons behind the limited uptake of the PEPP and what can be done to improve its design to overcome supply-side, demand-side and structural barriers hindering its broader adoption.

Statement on climate risks (11/09/2024)

Leveraging insurance to strengthen Europe’s climate resilience: read EIOPA's statement and the report by participants of the European Commission's Climate Resilience Dialogue.

Consultation on the implementation of the new proportionality framework under Solvency II (02/08/2024)

Following the recent review of the Solvency II Directive, the political agreement on the file has introduced amendments to the legislation to address concerns regarding the limited and inconsistent application of proportionality principles in the first years of Solvency II.

Insuring wildfires - the need for more models and prevention measures (09/10/2024)

This online public event will provide insights on the current and future wildfire risks in Europe. Experts from the commercial, academic and regulatory sectors will discuss the current status of wildfire modelling, data availability and the challenges of supervising and insuring wildfires. Industry experts will also touch upon the role of various mitigation techniques in reducing wildfires and explain how AI and Machine Learning can help us better model this risk.

EIOPA 2024 conference (21/11/2024)

Under the theme of ‘Smarter, simpler, stronger: Insurance and pensions for the future,’ this year’s EIOPA conference explores some of the key themes that are shaping the insurance and pensions landscape. Register now!

Second batch of policy products under DORA (25/01/2022)

This batch consists of four final draft regulatory technical standards (RTS), one set of Implementing Technical Standards (ITS) and 2 guidelines, all of which aim at enhancing the digital operational resilience of the EU’s financial sector.

Opinion on the supervision of captives (01/07/2024)

This opinion aims at facilitating a risk-based and proportionate supervision of captive (re)insurance undertakings and further harmonise supervisory expectations in the context of creating a level playing field within the EU.

Factsheet on EIOPA’s College activities in 2023 and focus in 2024 (01/07/2024)

The factsheet highlights the overall developments and the evolution of the number of Colleges of Supervisors (Colleges), the major topics discussed in the Colleges during last year and provides information on the focus for 2024.

Report on ESAs workshop on behavioural insights (01/07/2024)

The report provides a high-level overview of the main topics discussed during the workshop held on 14 and 15 February 2024 for national supervisors and other competent authorities.

Cross-border cooperation between supervisors when (re)insures relocate within the EU (23/07/2024)

EIOPA has supplemented its Decision on collaboration between supervisory authorities with a new annex dedicated to supervisory cooperation for when a (re)insurance undertaking relocates within the EU. The annex intends to facilitate an effective transition when undertakings move their registered office within the Single Market applying the provision of the so called ‘Mobility Directive’.

The regulatory framework applicable to AI systems in the insurance sector (25/01/2022)

The use of AI in insurance is already subject to insurance sector regulation and supervision. While the AI Act introduces some additional requirements, insurance sector legislation continues to apply across all use cases, regardless of their qualification under the AI Act. Read this factsheet to get an overview of the legal framework applicable to AI systems in the insurance sector.

Data Expert in Digital Finance (08/07/2024)

Data Expert in Digital Finance

Joint ESAs Consumer Protection Day (03/10/2024)

The theme of the event will be “Empowering EU consumers: fair access to the future of financial services". The agenda will cover topics such as artificial intelligence, accessibility to consumer-centric products and sustainable finance.

Financial stability: resilience of the insurance and pensions sectors amid tense risk landscape (25/06/2024)

Despite macro and market risks, climate-change related risks as well as those linked to digitalization and cybersecurity, the insurance and pensions sectors show resilience and stability. Find out more in the June 2024 Financial Stability Report, which gives an overview of the key developments and risks in Europe’s insurance and occupational pensions sectors.

Joint ESAs Opinion on the assessment of the Sustainable Finance Disclosure Regulation (SFDR) (18/06/2024)

In this opinion, the three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) call for a coherent sustainable finance framework that caters for both the green transition and enhanced consumer protection, taking into account the lessons learned from the functioning of the SFDR.

Impact of social and behavioural aspects on the gender pension gap in Europe (25/06/2024)

In this article, EIOPA experts analyze whether and how gender pay gaps lead to a pension gap across genders, how women participation on the labour market affects their pension rights, as well as how social and behavioural factors influence financial planning and investment decisions for men and women.

EIOPA's Annual Report 2023 (18/06/2024)

The 2023 annual report outlines the accomplishments of the past year. It shows that despite the challenges of geopolitical conflicts, high interest rates, inflation, and market volatility, EIOPA met its goals in line with its overall strategy.

Greenwashing: call for enhanced supervision and improved market practice (25/06/2024)

The increased offer of sustainable options to consumers brings a risk of greenwashing when financial service providers misleadingly portray themselves and/or their products as more sustainable than they truly are. In its Greenwashing report, EIOPA sets out key proposals aimed at enhancing the supervision of greenwashing and at improving the sustainable finance regulatory framework.