The European Insurance and Occupational Pensions Authority (EIOPA) has published its Annual Report for 2024, setting out the work delivered against its strategic priorities in a year shaped by rapid advances in artificial intelligence, geopolitical instability, more frequent severe weather events and rising cyber threats, alongside financial and human resource constraints. The report summarises EIOPA’s progress across sustainability, digital transformation, supervisory convergence, policy advice and financial stability. Key strands of the work programme included efforts to build sustainable insurance and pensions by addressing protection gaps; support supervisors and industry in mitigating digitalisation risks and promoting a more data-driven culture; and promote sound, efficient and consistent prudential and conduct supervision across Europe, with particular attention to increased cross-border business. The report also highlights EIOPA’s policy advice and other outputs in response to evolving societal needs and new financial regulation, and its focus on analysing risks, vulnerabilities and emerging threats within the EU financial sector, alongside maintaining cost-effective governance and high professional standards. EIOPA also links its agenda to the European Commission’s political priorities on rethinking the Single Market, competitiveness and burden reduction, reporting that it has introduced regulatory simplification across its work while cautioning against deregulation. It plans to work closely with the European Commission on the Savings and Investment Union to unlock the potential of Europe’s savers and further develop capital markets.

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