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EIOPA’s Annual Work Programme 2016 is the outcome of the Authority’s annual planning round, establishing where the greatest need for the Authority’s work lies and where it should focus its resources. The work programme is structured around EIOPA’s strategic objectives, which are:
- to ensure transparency, simplicity, accessibility and fairness across the internal market for consumers;
- to lead the development of sound and prudent regulations supporting the EU internal market;
- to improve the quality, efficiency and consistency of the supervision of EU insurers and occupational pensions;
- to identify, assess, mitigate and manage risks and threats to the financial stability of the insurance and occupational pensions sectors; and
- EIOPA to act as a modern, competent and professional organisation, with effective governance arrangements, efficient processes and a positive reputation.
The four strategic objectives have been devised based on the tasks and responsibilities mandated to EIOPA in its Regulation. These cover consumer protection; the development of sound regulation; quality, consistency and convergence of EU supervision; and financial stability. EIOPA’s operational success is dependent on its reputation as a capable, well managed and credible organisation and therefore a fifth objective, pertaining to the Authority itself was included. These strategic objectives are further defined in terms of operational/horizontal activities. Each activity details its own operational objective and link to EIOPA’s strategy, the planned products, and the required human and financial resources. This provides clarity on the purpose and value of EIOPA’s work, and enables prioritisation of the many competing demands for the Authority’s limited resources.