While agreeing with EIOPA that the KPI for insurers’ investment activities should be based on a ratio of assets and the KPI for underwriting activities based on a ratio of premiums, the industry also has some important concerns about the technical details of EIOPA’s advice.
Insurance Europe has published its views
on the advice provided to the European Commission by the European
Insurance and Occupational Pensions Authority (EIOPA) on key performance
indicators (KPIs) for the Taxonomy Regulation.
The industry input to the European Commission makes a number of
proposals for improvements and clarifications which would ensure the
indicators work in practice and provide a fair and useful view of an
insurer’s contribution to sustainable activities. These include
clarifying a feasible implementation timeline, the need for the
investments KPI to be based on eligible assets and consistent across
financial sectors, and for the underwriting KPI to be at the product
level.
Insurance Europe
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