EIOPA and the World Bank sign agreement to develop global insurance sector

The European Insurance and Occupational Pensions Authority (EIOPA) and the
World Bank have signed an operational Memorandum of Understanding (MoU) to
cooperate on developing the insurance sector.

This Memorandum will enable both organizations to collaborate on promoting
a risk-based regulatory and supervisory framework in insurance, as well as
the identification of systemic risk and the promotion of consumer
protection. The agreement also covers cooperation on activities, such as
seminars, providing speakers for events as well as the exchange of
knowledge, technical papers and best practices.

The MoU does not foresee the exchange of confidential information. Both
EIOPA and the World Bank are to treat confidential information according
to their internal requirements and rules on Professional Secrecy and
Confidentiality.

Click here to view the text of the operational MoU (Link:
https://eiopa.europa.eu/publications/protocols/index.html )


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