EIOPA launched a data collection to assess the potential for a dedicated Pillar 1 treatment of climate-related adaptation measures in Solvency II’s standard formula for non-life underwriting risk.
The focus of the data collection lies on the influence of climate-related adaptation measures on premium risk, and it is supplemented by qualitative questions on reserve risk and natural catastrophe risk. NCAs will directly contact undertakings to participate in the data collection. Insurance and reinsurance undertakings participating in the data collection should submit results to their NCAs by 1st June 2022. After validating the submissions, NCAs will report this information to EIOPA.
The template should be filled according to the instructions in the technical specifications.
For more information and the documents of the data collection, please see here.
Workshop
All participants to the data collection exercise are invited to attend a virtual workshop organized by EIOPA on the 20 April from 11h30 to 12h30.
The workshop will highlight the key conceptual and technical elements underlying the data collection and participants will have the opportunity to raise their views and questions.
Participants interested in attending are requested to register by sending an e-mail to impactuw@eiopa.europa.eu until Monday 18 April, COB. The participants are welcome to include in their e-mail the points that they would like to raise.
For more information and registration to the workshop, please see here.
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