The European Insurance and Occupational Pensions Authority published its 2024 oversight report describing how it worked with National Competent Authorities to strengthen supervisory capacity and promote supervisory convergence across the European Union, with particular attention to prudential and conduct issues in cross-border business. During 2024, EIOPA carried out 12 on-site country visits, participated in 41 EU/EEA colleges of supervisors and coordinated seven collaboration platforms, alongside technical assistance to supervisors through independent technical assessments and inquiries and work on equivalence monitoring. Internal model oversight included four comparative studies on non-life underwriting risk, market and credit risk, life risks and diversification, intended to provide common benchmarks and support supervisory tool development. On conduct risks, EIOPA’s activities covered value-for-money and retail risk indicators, follow-up to its thematic review on credit protection insurance, coverage and exclusions in household insurance product information documents, a mystery shopping exercise on the sale of insurance-based investment products, and monitoring and reporting on consumer trends and trends in costs and past performance of retail financial services, set against key frameworks including Solvency II, the Insurance Distribution Directive, PRIIPs and the IORP II Directive for institutions for occupational retirement provision.
European Insurance and Occupational Pensions Authority 2025-07-03
European Insurance and Occupational Pensions Authority publishes 2024 oversight report detailing 12 country visits and cross-border conduct priorities
The European Insurance and Occupational Pensions Authority (EIOPA) released its 2024 oversight report detailing efforts to enhance supervisory capacity and convergence across the EU, focusing on prudential and conduct issues in cross-border business. EIOPA conducted 12 on-site visits, participated in 41 EU/EEA supervisory colleges, and coordinated seven collaboration platforms. Key activities included internal model oversight, conduct risk assessments, and monitoring consumer trends within frameworks like Solvency II and the Insurance Distribution Directive.