Newsletter

EIOPA's technical advice to the European Commission on minimum common standards for insurance guarantee schemes (IGS) in the European Union provides details on how to develop a targeted harmonisation of IGS.

In its follow-up note, EIOPA reports on progress made so far and sets out future plans to make regulation simpler and reduce unnecessary complexity across Europe's insurance and occupational pensions sectors, without compromising financial stability, consumer protection standards, or supervisors' ability to oversee the market.

EIOPA examined how climate change could affect life and health insurers and occupational pension providers and identified extreme heat as the leading climate-related liability risk for the sectors.