EIOPA's Opinion on Risk Mitigation Techniques

Opinion on the Use of Risk Mitigation Techniques by Insurance Undertakings

Introduction

The European Insurance and Occupational Pensions Authority (EIOPA) has issued an opinion on the use of risk mitigation techniques by insurance undertakings. This opinion aims to ensure that national competent authorities (NCAs) maintain a balanced approach between the risk effectively transferred and the capital relief in the Solvency Capital Requirement.

Key Recommendations

EIOPA's opinion includes several recommendations for NCAs to ensure convergent supervision across the European Union. It emphasizes the importance of a proper balance between risk transfer and capital relief, which is crucial for maintaining financial stability and protecting policyholders.

Impact Assessment and Feedback

The opinion is accompanied by an impact assessment and a feedback statement addressing comments received during the public consultation. These documents provide further insights into the rationale behind the opinion and the expected outcomes of its implementation.

Conclusion

Insurance undertakings are encouraged to adopt these risk mitigation techniques to enhance their risk management practices. By doing so, they can better protect their policyholders and contribute to the overall stability of the financial system.

Quelques pistes pour l'intégration opérationnelle dans votre dispositif :

- Évaluer l'impact des techniques de mitigation des risques sur le capital requis.

- Assurer une supervision convergente avec les autorités nationales compétentes.

- Intégrer les recommandations de l'EIOPA dans les pratiques de gestion des risques.

- Participer aux consultations publiques pour influencer les futures orientations réglementaires.

- Former le personnel sur les nouvelles exigences et techniques de mitigation des risques.