EIOPA opens consultation on refining Solvency II reporting thresholds
The European Insurance and Occupational Pensions Authority (EIOPA) has launched a public consultation on its revised Guidelines for determining market shares for insurers eligible for limited reporting requirements under Solvency II. Running until 28 April, the consultation seeks input on proposed refinements aimed at clarifying roles, simplifying processes, and promoting the use of exemptions where appropriate.
This review follows recent Solvency II reforms, which highlighted areas where EIOPA’s existing market share calculation methods could be improved. The new draft Guidelines seek to better define the responsibilities of both supervisory authorities and insurance undertakings, ensuring a more transparent and consistent approach. A key objective is to encourage greater uptake of reduced reporting requirements, helping to reduce the regulatory burden while maintaining effective oversight.
EIOPA’s latest move could streamline compliance for smaller insurers while ensuring regulators continue to receive high-quality data. Insurers, industry bodies, and other stakeholders now have an opportunity to shape the future of Solvency II reporting by contributing their views.
To review the consultation paper and submit feedback, visit EIOPA’s website here.
