EIOPA published the results of its Peer Review on the supervision of the Prudent Person Principle (PPP) under Solvency II.
EIOPA identified 15 areas related to the supervision of the Prudent Person Principle and issued a total of 49 recommended actions to 22 National Competent Authorities (NCAs) to enhance their supervision of this requirement and thereby help safeguard the interests of policyholders.
As regards next steps, EIOPA will monitor and assess NCAs´ compliance with the recommended actions, and it will also consider how to best reflect the overall findings of the peer review in its work on supervisory convergence and take the results into account, when applicable.
The final report is available on this page, and further information here.
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