EIOPA has launched a consultation on EIOPA’s Supervisory Statement on the use of risk mitigation techniques by insurance and reinsurance undertakings (here).
With the statement EIOPA is aiming to promote supervisory convergence on the assessment of the use of risk-mitigation techniques under Solvency II. Furthermore, EIOPA indicated that during the consultation period it will additionally assess potential ‘group issues’ and ‘internal reinsurance’, and stakeholders are asked to include their views on these topics as well.
The deadline for submission of feedback is 24 November 2020.
Insurance Europe response
Response to EIOPA consultation on Supervisory Statement on the use of risk mitigation techniques.pdf