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
EBA Clarifies Use of COVID-19-Impacted Data for IRB Credit Risk Models
The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.
EP Reaches Agreement on Corporate Sustainability Reporting Directive
The European Council and the European Parliament (EP) reached a provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD).
PRA Consults on Model Risk Management Principles for Banks
The Prudential Regulation Authority (PRA) launched a consultation (CP6/22) that sets out proposal for a new Supervisory Statement on expectations for management of model risk by banks.
EC Regulation Amends Standards for Calculating Credit Risk Adjustments
The European Commission (EC) published the Delegated Regulation 2022/954, which amends regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.
BIS Hub Updates Work Program for 2022, Announces New Projects
The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.
EIOPA Issues Cyber Underwriting Proposal, Statement on Open Insurance
The European Insurance and Occupational Pensions Authority (EIOPA) published two consultation papers—one on the supervisory statement on exclusions related to systemic events and the other on the supervisory statement on the management of non-affirmative cyber exposures.
US Senate Members Seek Details on SEC Proposed Climate Disclosure Rule
Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)
EIOPA Consults on Review of Securitization Framework in Solvency II
The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the advice on the review of the securitization prudential framework in Solvency II.
UK Authorities Issue Regulatory and Reporting Updates for Banks
The Prudential Regulation Authority (PRA) issued a statement on PRA buffer adjustment while the Bank of England (BoE) published a notice on the statistical reporting requirements for banks.
BCBS Issues Climate Risk Principles while HKMA Expresses Its Support
The Basel Committee on Banking Supervision (BCBS) issued principles for the effective management and supervision of climate-related financial risks.
