The European Insurance and Occupational Pensions Authority has published a progress update and future agenda for simplifying insurance and occupational pensions regulation. It wants simplification to become a continuous principle of regulatory and supervisory work, guided by an EU-wide approach that limits fragmentation while preserving financial stability, consumer protection and effective supervision.

Measures completed include reducing quarterly and annual reporting templates for solo undertakings under revised Solvency II by 26% and 30%, respectively, with reductions of 36% and 44% for small and non-complex undertakings. EIOPA has also reviewed 25 sets of guidelines and shortened them by about one-third, introduced a new Solvency II proportionality framework, increased reuse of reported data and reduced the frequency of bottom-up stress tests.

Future work will focus on coherent legislation, integrated digital reporting and outcome-based consumer rules. EIOPA is also seeking earlier involvement in EU lawmaking, better sequencing of overlapping requirements and robust impact assessments, alongside more structured industry dialogue and closer coordination among supervisors to reduce divergent practices.

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