The European Insurance and Occupational Pensions Authority (EIOPA) has launched a public consultation on revised guidelines on how to determine the market share of insurance and reinsurance undertakings that can use limited supervisory reporting under Solvency II. The revisions aim to align the guidance with the amended framework following the Solvency II Review, while shortening and simplifying the guidelines where possible. Based on observed supervisory experience, the proposals include targeted improvements to the practical application of the market share methodology for limited reporting. They seek to clarify the respective roles of supervisory authorities and undertakings in the process for informing firms about any limitations, and to promote the use of exemptions or reduced reporting requirements to support a level playing field. Stakeholders can respond via EIOPA’s online survey by 28 April 2025, with responses to be published on EIOPA’s website unless otherwise requested.
European Insurance and Occupational Pensions Authority 2025-02-03
European Insurance and Occupational Pensions Authority launches consultation on revised Solvency II guidelines for calculating market share for limited reporting
The European Insurance and Occupational Pensions Authority (EIOPA) has initiated a public consultation on revised guidelines for determining the market share of insurance and reinsurance undertakings eligible for limited supervisory reporting under Solvency II. The revisions aim to align with the amended Solvency II framework, clarify roles in the reporting process, and promote exemptions to ensure a level playing field.