European Insurance and Occupational Pensions Authority (EIOPA)

☀️🌡️ 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗰𝗵𝗮𝗻𝗴𝗲 𝗶𝘀 𝗼𝗳𝘁𝗲𝗻 𝘀𝗲𝗲𝗻 𝗮𝘀 𝗮 𝗽𝗵𝘆𝘀𝗶𝗰𝗮𝗹 𝗿𝗶𝘀𝗸. 𝗕𝘂𝘁 𝗶𝘁 𝗶𝘀 𝗮𝗹𝘀𝗼 𝗮 𝗵𝗲𝗮𝗹𝘁𝗵 𝗿𝗶𝘀𝗸 — 𝗮𝗻𝗱 𝘁𝗵𝗮𝘁 𝗵𝗮𝘀 𝗶𝗺𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗶𝗻𝘀𝘂𝗿𝗲𝗿𝘀 𝗮𝗻𝗱 𝗽𝗲𝗻𝘀𝗶𝗼𝗻 𝗽𝗿𝗼𝘃𝗶𝗱𝗲𝗿𝘀. EIOPA’s new report examines how climate change could affect life and health insurers and occupational pension providers. It identifies 𝗲𝘅𝘁𝗿𝗲𝗺𝗲 𝗵𝗲𝗮𝘁 𝗮𝘀 𝘁𝗵𝗲 𝗹𝗲𝗮𝗱𝗶𝗻𝗴 𝗰𝗹𝗶𝗺𝗮𝘁𝗲-𝗿𝗲𝗹𝗮𝘁𝗲𝗱 𝗹𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗿𝗶𝘀𝗸 for these sectors. 🔍 Heatwaves are already the deadliest climate-related hazard in Europe. Since 2000, they have been linked to around 𝟯𝟬𝟬,𝟬𝟬𝟬 𝗱𝗲𝗮𝘁𝗵𝘀 𝗮𝗰𝗿𝗼𝘀𝘀 𝘁𝗵𝗲 𝗰𝗼𝗻𝘁𝗶𝗻𝗲𝗻𝘁 — 𝗮𝗿𝗼𝘂𝗻𝗱 𝟵𝟳% 𝗼𝗳 𝗳𝗮𝘁𝗮𝗹𝗶𝘁𝗶𝗲𝘀 𝗳𝗿𝗼𝗺 𝗲𝘅𝘁𝗿𝗲𝗺𝗲 𝘄𝗲𝗮𝘁𝗵𝗲𝗿 𝗮𝗻𝗱 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 𝗲𝘃𝗲𝗻𝘁𝘀. As heatwaves become more frequent, intense and prolonged, they could increasingly 𝗮𝗳𝗳𝗲𝗰𝘁 𝗺𝗼𝗿𝘁𝗮𝗹𝗶𝘁𝘆, 𝗺𝗼𝗿𝗯𝗶𝗱𝗶𝘁𝘆 𝗮𝗻𝗱 𝗹𝗼𝗻𝗴𝗲𝘃𝗶𝘁𝘆 — key assumptions underpinning the business models of life and health (re)insurers and pension providers. The report also looks at other emerging risks, including more frequent wildfires and the potential spread of vector-borne diseases such as dengue and malaria. Today, the financial impact remains limited, reflecting factors such as widespread public healthcare coverage and diversification across products and risks. But 𝘁𝗵𝗲 𝗺𝗮𝘁𝗲𝗿𝗶𝗮𝗹𝗶𝘁𝘆 𝗼𝗳 𝘁𝗵𝗲𝘀𝗲 𝗿𝗶𝘀𝗸𝘀 𝗶𝘀 𝗲𝘅𝗽𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗼𝘃𝗲𝗿 𝘁𝗶𝗺𝗲. ⚠️ That is why #EIOPA encourages insurers to incorporate emerging climate-related health risks into their climate risk assessments, taking account of both direct and broader macroeconomic impacts. 📘 Explore the key findings in our slider and read the full report: https://lnkd.in/e29_CXNZ #ClimateRisk #Insurance #OccupationalPensions #ClimateChange #FinancialStability

🚨 Registration is now open for the Solvency II Academy! 🚨 🎯 Looking to deepen your knowledge of Solvency II, exchange supervisory experience and discuss practical challenges with peers from across the EU? 🔎 The Academy offers a space for practical learning, peer exchange and discussion of the issues supervisors face in applying the Solvency II framework. 📅 If you are working at a national competent authority in a EU Member States, and interested in attending the training on 17-19 November 2026, please get in touch with EIOPA’s Training and events team at training&events@eiopa.europa.eu.

𝗦𝗶𝗺𝗽𝗹𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝘀𝗵𝗼𝘂𝗹𝗱 𝗯𝗲 𝗮 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗼𝘂𝘀, 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝗴𝘂𝗶𝗱𝗶𝗻𝗴 𝗽𝗿𝗶𝗻𝗰𝗶𝗽𝗹𝗲 𝗼𝗳 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗮𝗻𝗱 𝘀𝘂𝗽𝗲𝗿𝘃𝗶𝘀𝗼𝗿𝘆 𝘄𝗼𝗿𝗸 — 𝗻𝗼𝘁 𝗮 𝗼𝗻𝗲-𝗼𝗳𝗳 𝗲𝘅𝗲𝗿𝗰𝗶𝘀𝗲. EIOPA has just published an update on the progress made so far and on the steps we will take to continue reducing unnecessary complexity across #insurance and occupational #pensions. Some examples of what has already been done: 📉 26% less quarterly reporting and 30% less annual reporting for solo undertakings under the revised Solvency II framework 📋 25 sets of Guidelines reviewed and shortened by around a third ⚖️ more proportionality through a new framework under Solvency II 🔄 more use of existing data, avoiding new reporting where possible ⚠️ more efficient stress testing, with less frequent bottom-up exercises and stronger top-down analysis 🤝 simpler coordination through a streamlined internal working group structure And the work continues — from more digital-friendly reporting and better sequencing of legislative requirements to stronger coordination between supervisors. 𝗧𝗵𝗲 𝗼𝗯𝗷𝗲𝗰𝘁𝗶𝘃𝗲 ➡️ reduce unnecessary complexity while preserving financial stability, consumer protection and effective supervision. Read EIOPA’s follow-up on better regulation and supervision. ⤵️ https://lnkd.in/d99kztKJ #regulation #simplification #streamlining #supervision #EUfinance

📯 In her statement at the hearing of the Economic and Monetary Affairs Committee of the European Parliament, EIOPA's Chair Petra Hielkema highlighted EIOPA's key priorities over the past year, including: ✔️ Strengthening the Savings and Investments Union and addressing the pensions gap; ✔️ Addressing climate risk and the natural catastrophe protection gap; ✔️ Strengthening the prudential framework, mainly on Solvency II, the IRRD and the insurance guarantee schemes; ✔️ Simplification efforts, such as shortened guidelines, streamlined reporting obligations, strengthened proportionality; ✔️ Fostering effective supervision, in a simple and smart way, while operating in supervisory unity. 📖 The statement is available on EIOPA's website: https://lnkd.in/e6EbKkpR 📹 The recording of the hearing is also publicly available here (starting at 14:58): https://lnkd.in/egRAicMB

A cyber incident that threatens financial stability requires more than individual responses, it requires effective coordination among supervisors. Earlier this week, the institutions involved in the Systemic Cyber Incident Coordination Framework (EU-SCICF) came together in Frankfurt to put the framework to the test in a simulated cyber crisis exercise and incorporate the lessons learned into how we respond to future crises. EU-SCICF helps financial sector institutions coordinate their response when a cyber incident poses a risk to the stability of the European financial sector 🏢Thank you to the European Systemic Risk Board for hosting us, and to all participants for their valuable contributions. 🔗 More about the framework : https://lnkd.in/eS4PjMj9

🏢Being a trainee at EIOPA offers many perks. Gaining real workplace experience, learning from mentors, contributing to projects that support the European financial system are the most obvious ones. The networking experience with the major financial institutions in Frankfurt is a less known and equally valuable experience we are offering. The Frankfurt Trainees Network that EIOPA is steering does just that: it allows EIOPA trainees to meet their colleagues working at the Deutsche Bundesbank, the European Central Bank and Bafin, share their experiences and learn about the many opportunities the ecosystem in Frankfurt has to offer. This week, the Frankfurt Trainees Network gathered for a special event at the Geldmuseum. They got to learn about the work of the Bundesbank, the digital euro and speak about future career opportunities. A big thank you to the Deutsche Bundesbank for hosting this gathering, and to everyone who joined. #FrankfurtTraineesNetwork #EIOPA #Frankfurt Susanne Rosenbaum Dr. Andreas Kaun Luca Loiero

𝗛𝗼𝘄 𝗿𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗘𝗨 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘀𝘆𝘀𝘁𝗲𝗺 𝗶𝗻 𝗮𝗻 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴𝗹𝘆 𝘂𝗻𝗰𝗲𝗿𝘁𝗮𝗶𝗻 𝘄𝗼𝗿𝗹𝗱? 🌍 The latest Risk Update, published today by the three European Supervisory Authorities (#EBA, #EIOPA and #ESMA), highlights where resilience remains strong—and where vigilance is needed. 📊 𝗧𝗵𝗲 𝗿𝗲𝗽𝗼𝗿𝘁 𝗶𝗱𝗲𝗻𝘁𝗶𝗳𝗶𝗲𝘀 𝘁𝗵𝗿𝗲𝗲 𝗸𝗲𝘆 𝗮𝗿𝗲𝗮𝘀 𝘁𝗼 𝘄𝗮𝘁𝗰𝗵: 🔹 𝗘𝘅𝘁𝗲𝗿𝗻𝗮𝗹 𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝗰𝗶𝗲𝘀: Reliance on non-EU providers and financial infrastructures can amplify geopolitical and operational risks. 🔹 𝗜𝗖𝗧 𝗮𝗻𝗱 𝗰𝘆𝗯𝗲𝗿: Growing cyber threats and increasingly capable AI models are reshaping the risk landscape. 🔹 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗰𝗿𝗲𝗱𝗶𝘁: While still relatively small in the EU, its rapid growth, interlinkages with the wider financial system and limited transparency warrant close monitoring. Despite persistent geopolitical tensions and market volatility, the EU financial system continues to demonstrate solid fundamentals across banks, insurers, pension funds and investment funds. The slide deck below provides the key findings and outlook. 🔗 https://lnkd.in/etT5SyYe #FinancialStability #EUFinance #Supervision #RiskAssessment #CyberSecurity #AI #PrivateCredit - with the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA).

🤝 Today EIOPA welcomed a delegation from the European Parliament Committee on Economic and Monetary Affairs (ECON) in Frankfurt for an exchange on the future of insurance and occupational pensions in the EU, the challenges facing these sectors, and EIOPA’s role in addressing them. 🌍 The discussions with EIOPA Chair Petra Hielkema, Executive Director Damian Jaworski and EIOPA management covered EIOPA’s priorities, climate change and climate resilience, including the call for a Climate Insurance Alliance, the Savings and Investments Union, with a special focus on closing the pension gap, competitiveness and simplification, as well as the impact of AI on insurers, customers and supervisors. The visit was also an opportunity to discuss cooperation between European and national authorities and the role of effective supervision in strengthening the EU’s Single Market. 📍 Thank you to the ECON delegation for the constructive exchange in Frankfurt and we look forward continuing engaging with ECON and the European Parliament. Aurore Lalucq Fernando Navarrete Marco Falcone Irene Tinagli Lara Wolters Enikő GYŐRI and Michalis HADJIPANTELA

🌍 Where financial community comes together to discuss the issues shaping the future of our financial system, pensions and insurances: at EUROFI. 💬 This year’s EUROFI Financial Forum in Dublin brought together policymakers, supervisors and industry, with EIOPA very much part of the conversation. Chair Petra Hielkema and Executive Director Damian Jaworski contributed to discussions on: • Insurance in a polycrisis • The role of insurance in the EU economy and the Savings and Investments Union • Sustainability risks and the transition • The EU climate resilience framework • Scaling AI in the financial sector • Private credit and non bank financial intermediation • Supplementary pensions and long term savings • New retail investment models • Reviving European securitisation 👇Read more below on EIOPA contributions to the discussions👇 #EUROFI #EUROFI2026 #SIU

In her State of the Union address today, President Ursula von der Leyen highlighted the low coverage of only around 25% of catastrophe losses in Europe by private insurance and called for greater action to address the protection gap. Taking action to reduce this gap is a key priority for EIOPA. Stronger insurance coverage can help protect citizens, businesses and governments from the growing economic impact of natural catastrophes. EIOPA stands ready to contribute with practical tools and solutions to the new framework for climate resilience from the European Commission. #SOTEU #SOTEU2026 Photo credit: EC - Audiovisual Service