The European Insurance and Occupational Pensions Authority (EIOPA) today
published the Action Plan 2014/15 for Colleges of supervisors
(Link:
https://eiopa.europa.eu/fileadmin/tx_dam/files/publications/EIOPA-13-424_AP__Colleges__2014_15_for_publication.pdf
) and the list of cross-border insurance and re-insurance groups for which
a College is in place (Link:
https://eiopa.europa.eu/fileadmin/tx_dam/files/Colleges/EIOPA-COL-14_008_List-groups-with-colleges_August_2013.pdf
).
The focus of the Action Plan is the further development of consistent
risk-based supervision according to Solvency II requirements. One of the
goals is to reach a shared view on the assessment of the risk exposure of
the group and its major solo entities. Colleges will also discuss and
review the progress and consistency of the application of the Solvency II
preparatory guidelines at group and solo level.
All in all the number of insurance groups increased from 90 in 2012 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 second year that EIOPA has published this list.
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