The objective of the capital add-on measure is to ensure that the regulatory capital requirements reflect the risk profile of the undertaking or of the group. Therefore, it is important that it is used by national competent authorities (NCAs) when needed and it is important to ensure a high degr...
In 2019, 13 national competent authorities (NCAs) — the same number as in 2018 — granted limitations (under Article 35(6) of the Solvency II Directive) to 838 solo undertakings for first-quarterly reporting in 2019 (compared with 791 solo undertakings in the first quarter of 2018 — Q1 2018). Fiv...
Convergence of supervisory practices should be built on a common interpretation of laws and regulations, and without prejudice to the application of supervisory judgment or the proportionality principle. One of the main goals of the European Insurance and Occupational Pensions Authority (EIOPA) ...
The Annual European Insurance Overview is published by EIOPA as an extension of its statistical services in order to provide an easy-to-use and accessible overview of the European (re)insurance sector. The report is based on annually reported Solvency II information. This ensures that the data h...
The report consists of two parts – the standard part and the thematic article section. The standard part is structured as in previous versions of the EIOPA Financial Stability Report. The first chapter discusses the key risks identified for the insurance and occupational pension fund sector. The...
General good rules are provisions which are part of the legal system of the host Member State. The basic principle underlying the general good in the insurance sector is that an insurance undertaking or an insurance intermediary operating under the respective arrangements laid down by Solvency I...
Although the prolonged low interest rate environment continues to pose significant challenges to insurers and pension funds, the risk of a sudden reassessment of risk premia has become more pronounced over recent months. Considerable political and policy uncertainty, trade tensions and gradual m...
Insurance and reinsurance undertakings are subject to annual and quarterly reporting. According to the Solvency II Directive national competent authorities (NCAs) can exempt or limit the submission of the quantitative reporting templates (QRTs), based on the criteria such as a defined threshold ...
