EIOPA’s Annual Report 2014 - translations

06 August 2015

Executive Summary of European Insurance and Occupational Pensions Authority’s Annual Report 2014 has now been published in all the official languages of the EU.

EIOPA Top 5 Achievements in 2014

• To ensure timely preparation for Solvency II and consistent supervisory practices, EIOPA delivered to the Commission 6 Technical Standards on Solvency II approval processes and successfully concluded the public consultation on Guidelines for implementation of the Directive.
• Stress Test of the European Insurance Sector providing a formal assessment of the resilience of financial institutions to adverse market developments using a consistent methodology and providing recommendations to National Competent Authorities (NCAs) addressing the identified vulnerabilities.
• Consultation and Discussion Papers on the Consumer Protection themes of Product Oversight and Governance and Conflict of Interest in direct and intermediated sales of insurance-based investment products (PRIIPs).
• EIOPA published a consultation document on the solvency of Institutions for Occupational Retirement Provision (IORP) and preliminary Advice to the Commission on personal pensions.
• Establishment of the Supervisory Oversight Team, which conducted visits to 10 National Competent Authorities in 2014 with a focus on implementation of Solvency II and the risk assessment framework

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