EIOPA Updates List of Internationally Active Insurance Groups in EU
EIOPA updated the list of Internationally Active Insurance Groups (IAIGs) headquartered in EU. The insurance groups that have been added to the list of IAIGs headquartered in EU are AXA, BNP Paribas Cardif, CNP Assurances, COVEA, Crédit Agricole Assurances, GROUPAMA, SCOR, and SOGECAP.
IAIGs are the focus of IAIS Common Framework for the Supervision of IAIGs. ComFrame identifies an IAIG as being an insurance group that meets two criteria, related to its international activity and size. The updated list is based on information from the European group-wide supervisors that have shared with EIOPA their own list as of May 18, 2020, according to the criteria and cases set out in the IAIS Common Framework for the Supervision of IAIGs (ComFrame 23.0.a and 23.0.b). The list is for informational purposes and should be used only in conjunction with ComFrame.
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Keywords: Europe, EU, Insurance, IAIG, ComFrame, Solvency II, IAIS, EIOPA
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