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Factsheet on EEA insurers home and cross-border securities holdings at year-end 2025
On 14 October 2026, the European Insurance and Occupational Pensions Authority (EIOPA) published a factsheet on EEA insurance undertakings analysing their investments across government bonds, corporate bonds and equity holdings, whether held either directly or through investment funds. The statistics provided by EIOPA were gathered at the end of 2025.
Key statistics referred to by EIOPA include that:
Supervisory statement on the authorisation and ongoing supervision of (re)insurance undertakings related to private equity
On the back of its consultation paper on the supervisory statement on the authorisation and ongoing supervision of (re)insurance undertakings related to private equity (PE), EIOPA recently published its final supervisory statement, as well as its feedback statement to the original consultation paper.
EIOPA did carefully consider feedback received and acknowledges that private equity ownership of (re)insurers, when implemented in a sound and prudent manner, may bring potential benefits and that the PE business model is not inherently problematic. As a result, EIOPA has made some stylistic changes to the statement, but the substance of the supervisory statement has not changed. EIOPA continues to expect high-quality and convergent supervision of (re)insurers related to PE firms. It will be interesting to see how this supervisory statement is implemented by regulators across the EU in the future, as PE firms continue to invest and support the (re)insurance industry.
On 6 October 2026, EIOPA published its final supervisory statement and the feedback statement in respect of its consultation paper on the ongoing supervision of (re)insurance undertakings related to private equity. Addressed to national supervisors, the supervisory statement acknowledges the rise of private equity firms in acquiring or partially acquiring (re)insurance undertakings. EIOPA considered feedback received and acknowledges that private equity ownership of (re)insurers, when implemented in a sound and prudent manner, may bring potential benefits and that the private equity business model is not inherently problematic. However, the substance of the supervisory statement has not changed, with EIOPA continuing to expect high-quality and convergent supervision of (re)insurers related to private equity firms.
Revised decision of the Board of Supervisors on the collaboration of the insurance supervisory authorities of the Member States of the European Economic Area
On 1 October 2026, the EIOPA Board of Supervisors published a decision noting that the previous decision on the collaboration of the insurance supervisory authorities of the Member States of the European Economic Area is to be revised. The revision is as a result of the Solvency II review, and relates specifically to notifications, significant cross-border activities and collaboration platforms.
The amended decision will take effect from 30 January 2027.
EIOPA consultation on the draft supervisory statement on IBIP sales processes
EIOPA launched a consultation on their proposed supervisory statement on insurance-based investment product (IBIPs) sales processes and pre-contractual disclosures on 8 October 2026.
The draft supervisory statement sets out EIOPA’s supervisory expectations regarding the supervision of IBIP sales processes and pre-contractual disclosures. EIOPA intends that the supervisory statement will support supervisory authorities in assessing the effectiveness of IBIP sales processes in achieving positive consumer outcomes. EIOPA also confirms that the draft supervisory statement clarifies expectations within the existing framework and does not create new regulatory obligations.
The consultation is open until 4 January 2027.
EIOPA call to participate in the discussion on the disclosure of individual stress test results
On 13 October 2026, EIOPA launched a call to participate in the discussion on the disclosure of individual stress test results.
Building on the Solvency II supervisory requirements, EIOPA considers that regular communications of individual stress test results of participating undertakings is important to ensure transparency and comparability across the sector, with the aim of supporting a level playing field. As part of the call to participate, EIOPA will engage with the stakeholders most likely to use and analyse the stress test findings. As part of the call, EIOPA welcome insights on relevant indicators to be discussed, the level of detail needed to understand the impact of the scenario, and the information that would help users assess the severity and relevance of the shocks applied.
The call to participate closed on 28 October 2026.
EIOPA staff paper sets out four-pillar approach to integrating behavioural insights into conduct of business supervision
On 27 October 2026, issued a staff paper on their four-pillar framework to help supervisory authorities apply behavioural insights in their conduct of business supervision. The ultimate goal of this framework is to improve consumer outcomes.
EIOPA suggest that how consumers make financial decisions and their reasoning behind the decisions will feed into their understanding of why some customers remain underinsured, fail to plan for retirement adequately or purchase unsuitable products. The staff paper highlights four building blocks for integrating behavioural insights into supervisory work:
EIOPA publishes its final advice on enhancements to insurers’ corporate disclosures under the EU Taxonomy
On 30 October 2026, EIOPA published its final advice on enhancements to insurers’ corporate disclosures under the EU Taxonomy Regulation.
The proposals seek to improve the consistency, transparency and comparability of reporting by refining the existing underwriting KPI, including renaming the “Adaptation Underwriting KPI”, introducing a common methodology for its calculation and narrowing its scope to relevant climate-related lines of business.
EIOPA also recommends removing certain reporting requirements, such as gas and nuclear activity disclosures, and simplifying group-level reporting.
EIOPA risk dashboard highlights market and cyber risks as key concerns for Europe’s insurers
On 29 October 2026, EIOPA published their October 2026 Insurance Risk Dashboard. EIOPA identified elevated bond volatility risks, digitalisation and as well as cyber-risks represented the greatest risks.
Within the EIOPA dashboard, EIOPA noted that persistently high market valuations left markets vulnerable to a broader correction and that renewed geopolitical tensions could trigger a repricing of risk premia. Additionally, EIOPA flag increasing cyber threats associated with frontier AI models and the potential use of cyberattacks in international conflicts remains high.
Date published: 12 November 2026
This publication provides an overview of certain legal and regulatory developments that may be of interest to certain entities. It does not purport to provide analysis of law or legal advice and is strictly for information purposes only.