EIOPA Publishes List of Internationally Active Insurance Groups in EU
EIOPA published the list of Internationally Active Insurance Groups (IAIGs) headquartered in EU. 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 list is for informational purposes and should be used only in conjunction with ComFrame.
The list is based on information from the European group-wide supervisors that have shared with EIOPA their own list according to the criteria and cases set out in the Common Framework for the Supervision of IAIGs (23.0.a and 23.0.b). Additions to the list of European IAIGs are expected to be published soon. As of May 12, 2020, the insurance groups identified as IAIGs headquartered in EU are:
- Aegon N.V.
- Ageas SA/NV
- Allianz SE
- Assicurazioni Generali S.p.A.
- Grupo Mapfre
- HDI Haftpflichtverband der Deutschen Industrie V.a.G.
- Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
- NN Group N.V.
- Vienna Insurance Group AG Wiener Versicherung Gruppe
Related Link: News Release
Keywords: Europe, EU, Insurance, IAIG, ComFrame, IAIS, EIOPA
Related Articles
BCBS Finalizes Revisions to Credit Valuation Adjustment Risk Framework
BCBS Finalizes Revisions to Credit Valuation Adjustment Risk Framework
PRA Statement on Application of Matching Adjustment Amid Crisis
PRA published a statement to insurers that clarifies the approach to application of the matching adjustment during COVID-19 crisis.
EBA Provides Clarity on Implementation of Certain COVID-19 Policies
EBA published a report on the implementation of selected COVID-19 policies within the prudential framework for banking sector.
EC Consults on Revision of Network and Information Systems Directive
EC launched a consultation to revise the network and information systems (NIS) Directive (2016/1148), which was adopted in July 2016 and is the first horizontal internal market instrument aimed at improving the resilience of the EU against cybersecurity risks.
PRA Statement on LIBOR Transition and PRA Resolution-Related Rules
PRA published a statement that outlines its view on the implications of LIBOR transition for contracts in scope of the “Contractual Recognition of Bail-In” and “Stay in Resolution” parts of the PRA Rulebook.
PRA Issues Updates to Pillar 2A Capital Framework in UK
PRA published the policy statement PS15/20 to reflect additional resilience associated with higher macro-prudential buffers in a standard risk environment with a reduction in Pillar 2A capital requirements.
BCBS Report Examines Progress on Adoption of Basel III Framework
BCBS published the eighteenth progress report on implementation of the Basel III regulatory framework in member jurisdictions.
FCA Proposes Guidance to Further Support Consumer Credit Customers
FCA announced proposals that would provide continued support for certain consumer credit products to users, who are facing a financial impact because of the exceptional circumstances arising from the COVID-19 pandemic.
ACPR Publishes Draft of Taxonomy RAN 1.4.0 for Solvency II Reporting
ACPR published a draft version of taxonomy RAN 1.4.0_PWD1, along with the related documentation, for Solvency II reporting.
BCBS Amends Guidelines on Sound Management of AML/CFT Risks
BCBS amended the guidelines on sound management of risks related to money laundering and financing of terrorism (ML/FT).
