European Insurance and Occupational Pensions Authority

ESA’s Board of Appeal dismissed request for suspension in the appeal by Euroins Insurance Group AD against EIOPA

Retrieved on: 
Sunday, June 11, 2023
Romania, European Insurance and Occupational Pensions Authority, Case Law of the Boards of Appeal of the European Patent Office, Board, AD, Pension, EIOPA

ESA’s Board of Appeal dismissed request for suspension in the appeal by Euroins Insurance Group AD against EIOPA

Key Points: 
  • ESA’s Board of Appeal dismissed request for suspension in the appeal by Euroins Insurance Group AD against EIOPA
    The Board of Appeal of the European Supervisory Authorities (ESAs), in the appeal brought by Euroins Insurance Group AD against the European Insurance and Occupational Pensions Authority (EIOPA), unanimously decided, on 8 June 2023, to dismiss the applications for suspension.
  • The Board of Appeal concluded that the applications for interim measures of suspension must be dismissed as Euroins Insurance Group had failed to establish that the conditions, as per Article 10(1) and 10(2) of the Rules of Procedure of the Board of Appeal had been met.
  • These conditions relate to urgency and impending serious and irreparable harm caused by the EIOPA Report published on 28 March 2023 and titled “EIOPA’s assessment of the valuation of technical provisions gross and net of reinsurance for the motor third party liability portfolio of Euroins Romania Asigurare-Reasigurare”.

EBA publishes draft version of its revised taxonomy architecture

Retrieved on: 
Tuesday, May 2, 2023
Refit, European Insurance and Occupational Pensions Authority, European Banking Authority, EBA, Pension, DPM, European, EIOPA, Risk management

27 April 2023

Key Points: 
  • 27 April 2023
    The European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA) have been working jointly with Eurofiling to produce a revised version of the taxonomy architecture in order to implement the improvements introduced by data point model (DPM) Refit to data point modelling, such as the historisation of certain concepts.
  • The revisions also simplify the structure by removing unnecessary artefacts, such as normative codes for taxonomy frameworks.
  • Franca Rosa Congiu
    [email protected] | +33 1 86 52 7052 | Follow @EBA_News

ECB and EIOPA call for increased uptake of climate catastrophe insurance

Retrieved on: 
Wednesday, April 26, 2023
European Insurance and Occupational Pensions Authority, European Central Bank, EIOPA, Wildfire, Communication, Policy, Frankfurt, Climate change, Outline, Flood, Risk, ECB, European, Paper, Efficiency, Pension, Reproduction, Insurance, EU

The policy options set out in the paper are aimed at boosting the uptake and efficiency of climate catastrophe insurance while creating incentives to adapt to and reduce climate risks.

Key Points: 
  • The policy options set out in the paper are aimed at boosting the uptake and efficiency of climate catastrophe insurance while creating incentives to adapt to and reduce climate risks.
  • “We need to increase the uptake of climate catastrophe insurance to limit the growing impact of natural disasters on the economy and the financial system,” said ECB Vice-President Luis de Guindos.
  • Some insurers may reduce risk coverage or stop providing certain types of catastrophe insurance altogether, which would widen the insurance gap further.
  • The lack of climate catastrophe insurance can affect the economy and financial stability.

ESAs consult on draft Guidelines on the system for the exchange of information relevant to fit and proper assessments

Retrieved on: 
Thursday, February 2, 2023
ESAS, EBA, EIOPA, European Securities and Markets Authority, ESMA, Person, Council, Efficiency, European Parliament, Comment, United Nations Security Council Resolution 24, European, European Banking Authority, Guideline, Pension, Article, European Insurance and Occupational Pensions Authority, Medical device, EU

ESAs consult on draft Guidelines on the system for the exchange of information relevant to fit and proper assessments

Key Points: 
  • ESAs consult on draft Guidelines on the system for the exchange of information relevant to fit and proper assessments
    The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today a consultation paper on draft joint Guidelines on the system for the exchange of information when assessing the fitness and propriety requirements.
  • These Guidelines aim to increase the efficiency of the information exchange between sectoral supervisors by harmonising practices and clarifying how competent authorities should use the information system developed by the three ESAs.
  • - Once a competent authority has identified that a relevant assessment has been made by another competent authority, the second part of the Guidelines clarifies how they should cooperate to exchange information.
  • Consultation process
    Comments to the Consultation Paper can be sent by clicking on the "send your comments" button on the EBA's consultation page.

EBA issues Opinion to the European Commission on the draft European Sustainability Reporting Standards

Retrieved on: 
Friday, January 27, 2023
Pillar, EBA, European Financial Reporting Advisory Group, EIOPA, Overalls, European Banking Authority, European Securities and Markets Authority, ESMA, EFRAG, Regulation (European Union), Royal commission, Communication, European Commission, Committee of European Securities Regulators, Financial Services and Markets Authority (Belgium), European Insurance and Occupational Pensions Authority, Adoption, Corporate sustainability, Pension, Article, Comment, CSRD, European, Disclosure, Accounting, Real estate, EU

26 January 2023

Key Points: 
  • 26 January 2023
    The European Banking Authority (EBA) published today an Opinion on the draft European Sustainability Reporting Standards (ESRS) developed by the European Financial Reporting Advisory Group (EFRAG).
  • In this Opinion, addressed to the European Commission, the EBA acknowledges that, overall, the draft ESRS are consistent with international standards and any other relevant EU Regulation.
  • The EBA also highlights a few aspects that should deserve further consideration by the European Commission.
  • The European Commission also requested an Opinion from the European Securities and Markets Authority (ESMA) and the European Insurance and Occupational Pensions Authority (EIOPA).

Joint ESAs public event on DORA – Technical discussion

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Monday, January 16, 2023
Online, EIOPA, Article, CET, European Securities and Markets Authority, ESMA, ESAS, Royal commission, European Insurance and Occupational Pensions Authority, ESA, EBA, DORA, Policy, Attention, Pension, Language, Article Two, European Banking Authority, Hearing, Conference, ICT, Financial Services and Markets Authority (Belgium), European, Video game, EU

Joint ESAs public event on DORA – Technical discussion

Key Points: 
  • Joint ESAs public event on DORA – Technical discussion
    Online
    The registration deadline is 31 January 2023 and registered participants will receive the dial-in details after the deadline.
  • In case there will be too many registrations, the ESAs reserve the right to limit the participation to one representative per entity.
  • The event is addressed to all EU financial entities falling under the scope of DORA (Article 2) and ICT third–party service providers.
  • |Date||Reference||Title||Document|
    |13/01/2023||ESAs DORA event programme||Joint ESAs public event on DORA - programme||Downloadpdf, 194.98 KB|

Finax: Pan-European Pension Product is now available in the first EU country

Retrieved on: 
Thursday, September 22, 2022
Income, European Insurance and Occupational Pensions Authority, Employment, Family, Legislation, Slovak, PEPP, Pension fund, CEO, Technology, EIOPA, Science and technology in Asia, Work, Insurance, Ministry of Social Affairs, Savers, Union, Pension, Financial adviser, Labour, Central Europe, EU, Finasteride

BRATISLAVA, Slovakia, Sept. 22, 2022 /PRNewswire/ -- The European pension is now available to clients in Slovakia.

Key Points: 
  • BRATISLAVA, Slovakia, Sept. 22, 2022 /PRNewswire/ -- The European pension is now available to clients in Slovakia.
  • All residents of the European Union can open a pan-European Personal Pension Product (PEPP).
  • Its goal is to provide the saver with an old-age income supplementing the state pension.
  • "Starting today, Slovaks are the first in Europe who can increase their pension savings through the new European pension product.

Finax: Pan-European Pension Product is now available in the first EU country

Retrieved on: 
Thursday, September 22, 2022
Income, European Insurance and Occupational Pensions Authority, Employment, Family, Legislation, Slovak, PEPP, Pension fund, CEO, Technology, EIOPA, Science and technology in Asia, Work, Insurance, Ministry of Social Affairs, Savers, Union, Pension, Financial adviser, Labour, Central Europe, EU, Finasteride

BRATISLAVA, Slovakia, Sept. 22, 2022 /PRNewswire/ -- The European pension is now available to clients in Slovakia.

Key Points: 
  • BRATISLAVA, Slovakia, Sept. 22, 2022 /PRNewswire/ -- The European pension is now available to clients in Slovakia.
  • All residents of the European Union can open a pan-European Personal Pension Product (PEPP).
  • Its goal is to provide the saver with an old-age income supplementing the state pension.
  • "Starting today, Slovaks are the first in Europe who can increase their pension savings through the new European pension product.

Accidental Death Insurance Global Market Report 2022 - ResearchAndMarkets.com

Retrieved on: 
Thursday, July 21, 2022
Insurance, Professional Services, Dai, Death, Accident, Bancassurance, Insurance Regulatory and Development Authority, China Life Insurance Company, Sumitomo Life, Awareness, Dai-ichi, Insurance, Blockchain, AXA, European Insurance and Occupational Pensions Authority, NAIC, CPIC, Union, Development, Asia-Pacific, Person, Ping'an, Computer, General Data Protection Regulation, Policy, Unintentional discharge, GDPR, MetLife, National Association of Insurance Commissioners, Accidental, Accenture, Allianz, Pension, CDC, Aegon, Korea Disease Control and Prevention Agency, Center, EIOPA, Life insurance, EU

The "Accidental Death Insurance Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Accidental Death Insurance Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
  • Major players in the accidental death insurance market are Allianz, Assicurazioni Generali, China Life Insurance, MetLife, PingAn, AXA, Sumitomo Life Insurance, Aegon, Dai-ichi Mutual Life Insurance, and CPIC.
  • The accidental death insurance market consists of sales of accidental death insurance.
  • The accidental death insurance market is being restrained by a low awareness about life insurance including accidental death insurance.

Monument Re Completes the Closing of the Acquisition of the Insurance Portfolio of the Insurance Company Integrale

Retrieved on: 
Thursday, December 16, 2021
Insurance, Professional Services, MAB, Empire Life, Isle, Insurance, National Bank of Belgium, Bermuda Monetary Authority, Acquisition, Monument, European Insurance and Occupational Pensions Authority, CEO, Hannover Re, INTEGRALL, National bank, Pension, Employment, News, Nasdaq, Group

Monument Re through its subsidiary Monument Assurance Belgium (MAB) has completed the Closing of the acquisition of the entire insurance portfolio and personnel of Integrale.

Key Points: 
  • Monument Re through its subsidiary Monument Assurance Belgium (MAB) has completed the Closing of the acquisition of the entire insurance portfolio and personnel of Integrale.
  • Integrale's staff will transfer into the Monument Group and be able to enjoy the advantages associated with a growing insurance company in Belgium and beyond.
  • On 15th December, Monument Re completed the Closing of the acquisition of Integrale's entire insurance portfolio and personnel.
  • Monument Re is a life insurance reinsurer and insurance holding company with a proven track record in acquiring capital-intensive European portfolios.