The European Insurance and Occupational Pensions Authority (EIOPA) today published the Action Plan 2015/16 for Colleges of supervisors (Colleges) and the list of cross-border insurance and re-insurance groups for which a College is in place. 

 

The already approved and existing plan for 2015 has been updated to reflect recent developments and findings. 

 

The aim of the Action Plan 2016 is to ensure high quality and consistent implementation of the Solvency II framework in cross-border operating groups through enhanced cooperation in the Colleges. In order to achieve this objective five different Solvency II related themes have been defined as priorities and consistent basis for the Colleges work in 2016. 

 

All in all the number of cross-border insurance groups remained fairly stable with 93 in 2014 compared to 92 in 2013. The list aims at increased transparency and ensuring that non-EEA supervisors are aware of the existence of a College for a particular group. This is the third year that EIOPA has published this list. 

 

This list includes the name of the group, the country of the authority of the group supervisor as well as the countries where subsidiaries and/or significant branches are situated. It covers also relevant groups where the Swiss Financial Market Supervisory Authority (FINMA) participates. 

 

Gabriel Bernardino, EIOPA’s Chair: “Colleges are important for the successful introduction of Solvency II. Focusing on priorities and enhancing cooperation in Colleges are key to manage the changes in the regulatory environment.”

 

Press release

 

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