European Insurance and Occupational Pensions Authority launches consultations on resolution colleges and reporting templates under the Insurance Recovery and Resolution Directive

The European Insurance and Occupational Pensions Authority (EIOPA) has launched two consultations to support implementation of the European Union’s Insurance Recovery and Resolution Directive (IRRD), which is set to become operational in 2027. The proposals cover (i) draft technical standards for the establishment and functioning of resolution colleges for insurance groups and (ii) standards specifying the procedures and minimum set of standardised forms and templates insurers must submit to resolution authorities for resolution planning. The draft Regulatory Technical Standards (RTS) set criteria for establishing resolution colleges and define how they operate, including collaboration on group resolution plans, assessment of group resolvability, and addressing substantive impediments to resolvability, alongside governance principles for group-level resolutions. The draft Implementing Technical Standards (ITS) set procedures and minimum standard forms and templates for insurers’ submissions to support resolution plans, drawing on existing Solvency II reporting processes and national supervisory experience, and aiming to limit reporting to information that is strictly necessary and not already available elsewhere. Stakeholders can respond to the consultation questions via EIOPA’s online surveys by 31 October 2025; responses will be published on EIOPA’s website unless otherwise requested.