On 2 July, EIOPA launched a public consultation on its revised Guidelines on the Supervisory Review Process (here).
The consultation covers updates to the Supervisory Review Process to reflect the changes from the Solvency II review, including aspects such as:
- Governance and risk management
- Supervisory review of key risks, capital requirements and governance
- Forward-looking supervision (including ORSA)
- Proportionality and materiality
- Supervisory dialogue and possible interventions
On 23 September, the secretariat of Insurance Europe submitted the final response to the EIOPA consultation on revised Guidelines on supervisory review process.