The European Insurance and Occupational Pensions Authority (EIOPA) has
launched today a public consultation on two Good Practices Reports on
comparison websites and knowledge & ability of distributors of insurance
products.
The Report on comparison websites outlines good practices concerning online
comparisons of insurance products. The good practices address primarily
the activities of commercial comparison websites; however, also
non-commercial websites' operators are equally encouraged to check
whether their practices are in line with the good practices identified,
and to adapt them accordingly, if needed. The good practices concern the
following areas:
i) Information about the website;
ii) Market coverage;
iii) Presentation of information;
iv) Criteria used to make the ranking;
v) Frequency of updating the information; and
vi) Dealing with potential conflicts of interest.
Furthermore, the Report also identifies main features and different
business models of comparison websites. The objective of the Report is to
promote transparency, simplicity and fairness for Internet users in the
market for online comparisons of insurance products.
The Report on knowledge & ability sets out good supervisory practices in
the form of high-level principles that competent authorities would apply
to all distributors of insurance products. These are supplemented by
indicative examples of what a competent authority could require a
distributor to demonstrate in terms of knowledge and ability, thus
allowing for flexibility to adopt a proportionate approach at national
level. For example, the report promotes not only appropriate knowledge and
ability for distributors, but also the demonstration of ethical and
professional conduct at all times and suggests a minimum level of
continuous professional development (CPD). The objective of the Report is
to promote common supervisory approaches in an area where diverse national
approaches have arisen out of the implementation of IMD1.
The period for providing comments on the two Good Practices reports will
end on 23 September 2013.
The Consultation Papers can be viewed on EIOPA website:
https://eiopa.europa.eu/consultations/consultation-papers/index.html
(Link:
https://eiopa.europa.eu/consultations/consultation-papers/index.html )
This newsletter was sent to you by:
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WesthafenTower | Westhafenplatz 1 | 60327 Frankfurt | Germany
Phone: +49 69 951119-20
Fax: +49 69 951119-19
info@eiopa.europa.eu
https://eiopa.europa.eu
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donderdag 27 juni 2013
maandag 17 juni 2013
REMINDER - EIOPA’s Call for Expression of Interest regarding the setting up of its Stakeholder Groups lasts until 23 Jun
The European Insurance and Occupational Pensions Authorities (EIOPA) kindly
reminds that the applications deadline for EIOPA Stakeholder Groups, the
Insurance and Reinsurance Stakeholder Group (IRSG) and the Occupational
Pensions Stakeholder Group (OPSG), expires on 23 June 2013, 23:59 hrs CET.
The Stakeholder Groups are set up to help facilitate consultation with
stakeholders in areas relevant to the tasks of EIOPA.
Members of the IRSG, 30 in total, are individuals appointed to represent in
balanced proportions insurance and reinsurance undertakings and insurance
intermediaries operating in the Union, and their employees'
representatives, as well as consumers, users of insurance and reinsurance
services, representatives of SMEs and representatives of relevant
professional associations. At least five of its members shall be
independent top-ranking academics.
Members of the OPSG, 30 in total, are individuals appointed to represent in
balanced proportions institutions for occupational retirement provision
operating in the Union, representatives of employees, representatives of
beneficiaries, representatives of SMEs and representatives of relevant
professional associations. At least five of its members shall be
independent top-ranking academics.
The Calls for Expression of Interest and the application documents (in
English only) can be accessed from EIOPA website:
https://eiopa.europa.eu/about-eiopa/organisation/stakeholder-groups/stakeholder-groups-selection-process-2013/index.html.
(Link:
https://eiopa.europa.eu/about-eiopa/organisation/stakeholder-groups/stakeholder-groups-selection-process-2013/index.html.
)
Candidates are kindly asked to make sure that their applications are
complete and contain all the requested documentation.
This newsletter was sent to you by:
EIOPA
WesthafenTower | Westhafenplatz 1 | 60327 Frankfurt | Germany
Phone: +49 69 951119-20
Fax: +49 69 951119-19
info@eiopa.europa.eu
https://eiopa.europa.eu
---
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Please login to the Restricted Area of the EIOPA website and change
your user profile:
https://eiopa.europa.eu/restricted-area/index.html
If you forgot your password, you will find a link to receive a new
password on the login page of the EIOPA Restricted Area.
reminds that the applications deadline for EIOPA Stakeholder Groups, the
Insurance and Reinsurance Stakeholder Group (IRSG) and the Occupational
Pensions Stakeholder Group (OPSG), expires on 23 June 2013, 23:59 hrs CET.
The Stakeholder Groups are set up to help facilitate consultation with
stakeholders in areas relevant to the tasks of EIOPA.
Members of the IRSG, 30 in total, are individuals appointed to represent in
balanced proportions insurance and reinsurance undertakings and insurance
intermediaries operating in the Union, and their employees'
representatives, as well as consumers, users of insurance and reinsurance
services, representatives of SMEs and representatives of relevant
professional associations. At least five of its members shall be
independent top-ranking academics.
Members of the OPSG, 30 in total, are individuals appointed to represent in
balanced proportions institutions for occupational retirement provision
operating in the Union, representatives of employees, representatives of
beneficiaries, representatives of SMEs and representatives of relevant
professional associations. At least five of its members shall be
independent top-ranking academics.
The Calls for Expression of Interest and the application documents (in
English only) can be accessed from EIOPA website:
https://eiopa.europa.eu/about-eiopa/organisation/stakeholder-groups/stakeholder-groups-selection-process-2013/index.html.
(Link:
https://eiopa.europa.eu/about-eiopa/organisation/stakeholder-groups/stakeholder-groups-selection-process-2013/index.html.
)
Candidates are kindly asked to make sure that their applications are
complete and contain all the requested documentation.
This newsletter was sent to you by:
EIOPA
WesthafenTower | Westhafenplatz 1 | 60327 Frankfurt | Germany
Phone: +49 69 951119-20
Fax: +49 69 951119-19
info@eiopa.europa.eu
https://eiopa.europa.eu
---
Don't want to receive this newsletter anymore?
Please login to the Restricted Area of the EIOPA website and change
your user profile:
https://eiopa.europa.eu/restricted-area/index.html
If you forgot your password, you will find a link to receive a new
password on the login page of the EIOPA Restricted Area.
RESULTS OF EIOPA LONG-TERM GUARANTEES ASSESSMENT
The European Insurance and Occupational Pensions Authority (EIOPA) has
published today its Technical Findings on the Long-Term Guarantee
Assessment (LTGA). EIOPA conducted the assessment at the request of the
Trialogue parties (the European Parliament, the European Commission and
the Council of the EU) as input to the political discussions on
finalisation of the Omnibus II Directive. The LTGA tested the so-called
Long-Term Guarantee package - a set of potential measures aimed at
ensuring an appropriate supervisory treatment of long term guarantee
products, under volatile and exceptional market conditions.
EIOPA concluded that the final Long-Term Guarantee package to be included
in the Solvency II framework should fulfil a number of principles in order
to ensure a high degree of policyholder protection, as well as effective
supervisory process:
- Alignment with the Solvency II framework and the economic balance sheet
concept;
- Full consistency and comparability in order to enhance the single market;
- Efficient linking of all the three pillars (quantitative basis,
qualitative requirements and enhanced reporting and disclosure);
- Proportionality and simplicity;
- Adequate treatment of transitional issues.
On the basis of the assessment and the outlined principles, EIOPA supports
the inclusion of some of the measures tested: Extrapolation,
"Classical" Matching Adjustment, Transitional measures and Extension
of the Recovery Period, with slight amendments to provide the right
incentives for sound risk management.
EIOPA advises to exclude the so-called Extended Matching Adjustment on the
basis that it would not provide sufficient policyholder protection and
would be unduly difficult to supervise. In addition, the Counter-Cyclical
Premium was judged to be likely to have an adverse financial stability
impact due to the way it would be triggered, as well as the perverse
impacts on undertakings' solvency requirements that it generated.
As a consequence, EIOPA advises to replace the CCP with a simpler, more
predictable measure, the Volatility Balancer, which would deal with the
unintended consequences on undertakings' capital requirements of
short-term volatility.
EIOPA further recommends that the impact of the application of the measures
on the solvency position of individual undertakings be publicly disclosed
as part of the normal disclosure process.
EIOPA's Technical Findings on the Long-Term Guarantee Assessment and all
the relevant documentation can be accessed here:
https://eiopa.europa.eu/consultations/qis/insurance/long-term-guarantees-assessment/index.html
(Link:
https://eiopa.europa.eu/consultations/qis/insurance/long-term-guarantees-assessment/index.html
)
This newsletter was sent to you by:
EIOPA
WesthafenTower | Westhafenplatz 1 | 60327 Frankfurt | Germany
Phone: +49 69 951119-20
Fax: +49 69 951119-19
info@eiopa.europa.eu
https://eiopa.europa.eu
---
Don't want to receive this newsletter anymore?
Please login to the Restricted Area of the EIOPA website and change
your user profile:
https://eiopa.europa.eu/restricted-area/index.html
If you forgot your password, you will find a link to receive a new
password on the login page of the EIOPA Restricted Area.
published today its Technical Findings on the Long-Term Guarantee
Assessment (LTGA). EIOPA conducted the assessment at the request of the
Trialogue parties (the European Parliament, the European Commission and
the Council of the EU) as input to the political discussions on
finalisation of the Omnibus II Directive. The LTGA tested the so-called
Long-Term Guarantee package - a set of potential measures aimed at
ensuring an appropriate supervisory treatment of long term guarantee
products, under volatile and exceptional market conditions.
EIOPA concluded that the final Long-Term Guarantee package to be included
in the Solvency II framework should fulfil a number of principles in order
to ensure a high degree of policyholder protection, as well as effective
supervisory process:
- Alignment with the Solvency II framework and the economic balance sheet
concept;
- Full consistency and comparability in order to enhance the single market;
- Efficient linking of all the three pillars (quantitative basis,
qualitative requirements and enhanced reporting and disclosure);
- Proportionality and simplicity;
- Adequate treatment of transitional issues.
On the basis of the assessment and the outlined principles, EIOPA supports
the inclusion of some of the measures tested: Extrapolation,
"Classical" Matching Adjustment, Transitional measures and Extension
of the Recovery Period, with slight amendments to provide the right
incentives for sound risk management.
EIOPA advises to exclude the so-called Extended Matching Adjustment on the
basis that it would not provide sufficient policyholder protection and
would be unduly difficult to supervise. In addition, the Counter-Cyclical
Premium was judged to be likely to have an adverse financial stability
impact due to the way it would be triggered, as well as the perverse
impacts on undertakings' solvency requirements that it generated.
As a consequence, EIOPA advises to replace the CCP with a simpler, more
predictable measure, the Volatility Balancer, which would deal with the
unintended consequences on undertakings' capital requirements of
short-term volatility.
EIOPA further recommends that the impact of the application of the measures
on the solvency position of individual undertakings be publicly disclosed
as part of the normal disclosure process.
EIOPA's Technical Findings on the Long-Term Guarantee Assessment and all
the relevant documentation can be accessed here:
https://eiopa.europa.eu/consultations/qis/insurance/long-term-guarantees-assessment/index.html
(Link:
https://eiopa.europa.eu/consultations/qis/insurance/long-term-guarantees-assessment/index.html
)
This newsletter was sent to you by:
EIOPA
WesthafenTower | Westhafenplatz 1 | 60327 Frankfurt | Germany
Phone: +49 69 951119-20
Fax: +49 69 951119-19
info@eiopa.europa.eu
https://eiopa.europa.eu
---
Don't want to receive this newsletter anymore?
Please login to the Restricted Area of the EIOPA website and change
your user profile:
https://eiopa.europa.eu/restricted-area/index.html
If you forgot your password, you will find a link to receive a new
password on the login page of the EIOPA Restricted Area.
vrijdag 14 juni 2013
EIOPA Annual Report 2012
The European Insurance and Occupational Pensions Authority (EIOPA)
published today its Annual Report 2012 as requested by EIOPA Founding
Regulation (Article 43.5).
2012 is the second year of EIOPA's work as a European Supervisory
Authority. In the course of this year, EIOPA continued its work in its
seven core areas: regulatory tasks; supervisory tasks; consumer protection
and financial innovation; creation of the common supervisory culture;
financial stability; crisis prevention, management and resolution;
external relations.
Detailed description of EIOPA activities as well as the provisional
Financial Statement and the summary of EIOPA Work Programme 2013 can be
found here: https://eiopa.europa.eu/publications/annual-reports/index.html
(Link:
https://eiopa.europa.eu/publications/annual-reports/index.html )
This newsletter was sent to you by:
EIOPA
WesthafenTower | Westhafenplatz 1 | 60327 Frankfurt | Germany
Phone: +49 69 951119-20
Fax: +49 69 951119-19
info@eiopa.europa.eu
https://eiopa.europa.eu
---
Don't want to receive this newsletter anymore?
Please login to the Restricted Area of the EIOPA website and change
your user profile:
https://eiopa.europa.eu/restricted-area/index.html
If you forgot your password, you will find a link to receive a new
password on the login page of the EIOPA Restricted Area.
published today its Annual Report 2012 as requested by EIOPA Founding
Regulation (Article 43.5).
2012 is the second year of EIOPA's work as a European Supervisory
Authority. In the course of this year, EIOPA continued its work in its
seven core areas: regulatory tasks; supervisory tasks; consumer protection
and financial innovation; creation of the common supervisory culture;
financial stability; crisis prevention, management and resolution;
external relations.
Detailed description of EIOPA activities as well as the provisional
Financial Statement and the summary of EIOPA Work Programme 2013 can be
found here: https://eiopa.europa.eu/publications/annual-reports/index.html
(Link:
https://eiopa.europa.eu/publications/annual-reports/index.html )
This newsletter was sent to you by:
EIOPA
WesthafenTower | Westhafenplatz 1 | 60327 Frankfurt | Germany
Phone: +49 69 951119-20
Fax: +49 69 951119-19
info@eiopa.europa.eu
https://eiopa.europa.eu
---
Don't want to receive this newsletter anymore?
Please login to the Restricted Area of the EIOPA website and change
your user profile:
https://eiopa.europa.eu/restricted-area/index.html
If you forgot your password, you will find a link to receive a new
password on the login page of the EIOPA Restricted Area.
woensdag 12 juni 2013
EIOPA PUBLISHES ITS 2013 HALF-YEAR FINANCIAL STABILITY REPORT
The European Insurance and Occupational Pensions Authority (EIOPA)
published today its first half-year report for 2013 on the financial
stability of the insurance and institutions for occupational retirement
provision (IORPs) sectors in the European Economic Area (EEA).
EIOPA observes that the insurance and occupational pensions sectors are
exposed to the risks of financial markets reversals, the impact of low
interest rates and the weak economic fundamentals and outlook that
characterise the risks to financial stability in the EU more generally.
In the life insurance sector, low GDP growth and high unemployment continue
to weigh negatively on premium growth, while non-life insurers report
positive premium growth rates mainly due to mandatory insurance purchases.
In line with EIOPA's call, insurers and supervisors have been responding
to the risk of a prolonged period of low interest rates. Some insurance
companies have started to shift away from fixed and/or life-long
guarantees toward less rigid guarantees in order to reduce reinvestment
risk. Others are making a strategic shift towards other non-guaranteed
product types. Supervisors continue to engage with firms and to perform
targeted exercises aimed at identifying vulnerabilities and appropriate
supervisory tools.
In the reinsurance market, underwriting capacity continues to outgrow
demand. Reinsurance undertakings showed a good operating performance
benefiting from a capital inflow to the sector with investors looking for
stable returns in volatile markets. Losses from natural catastrophes
remained significantly lower in 2012 than in 2011 and 2005, the worst
years ever for the reinsurance industry. So far in 2013, the costliest
events in Europe have been the series of earthquakes in Italy´s Emilia
Romagna region in May. In addition, a hard winter season affected some
European countries which experienced heavy snowfall, high winds, ice and
flooding. The wintry weather caused economic losses estimated about 1.4bn
euros. The more recent flooding in Europe will also generate significant
losses, but it is too early to have firm estimates on their scale.
In the occupational pensions sector, the shift from defined benefit schemes
towards defined contribution or hybrid schemes continued. This rebalancing
reflects a range of factors, including a response to changes in longevity,
regulatory changes and developments in the tax treatment of pension
schemes in some jurisdictions.
The text of EIOPA 1st half-year Financial Stability Report 2013 can be
found here (Link:
https://eiopa.europa.eu/publications/financial-stability/index.html ).
This newsletter was sent to you by:
EIOPA
WesthafenTower | Westhafenplatz 1 | 60327 Frankfurt | Germany
Phone: +49 69 951119-20
Fax: +49 69 951119-19
info@eiopa.europa.eu
https://eiopa.europa.eu
---
Don't want to receive this newsletter anymore?
Please login to the Restricted Area of the EIOPA website and change
your user profile:
https://eiopa.europa.eu/restricted-area/index.html
If you forgot your password, you will find a link to receive a new
password on the login page of the EIOPA Restricted Area.
published today its first half-year report for 2013 on the financial
stability of the insurance and institutions for occupational retirement
provision (IORPs) sectors in the European Economic Area (EEA).
EIOPA observes that the insurance and occupational pensions sectors are
exposed to the risks of financial markets reversals, the impact of low
interest rates and the weak economic fundamentals and outlook that
characterise the risks to financial stability in the EU more generally.
In the life insurance sector, low GDP growth and high unemployment continue
to weigh negatively on premium growth, while non-life insurers report
positive premium growth rates mainly due to mandatory insurance purchases.
In line with EIOPA's call, insurers and supervisors have been responding
to the risk of a prolonged period of low interest rates. Some insurance
companies have started to shift away from fixed and/or life-long
guarantees toward less rigid guarantees in order to reduce reinvestment
risk. Others are making a strategic shift towards other non-guaranteed
product types. Supervisors continue to engage with firms and to perform
targeted exercises aimed at identifying vulnerabilities and appropriate
supervisory tools.
In the reinsurance market, underwriting capacity continues to outgrow
demand. Reinsurance undertakings showed a good operating performance
benefiting from a capital inflow to the sector with investors looking for
stable returns in volatile markets. Losses from natural catastrophes
remained significantly lower in 2012 than in 2011 and 2005, the worst
years ever for the reinsurance industry. So far in 2013, the costliest
events in Europe have been the series of earthquakes in Italy´s Emilia
Romagna region in May. In addition, a hard winter season affected some
European countries which experienced heavy snowfall, high winds, ice and
flooding. The wintry weather caused economic losses estimated about 1.4bn
euros. The more recent flooding in Europe will also generate significant
losses, but it is too early to have firm estimates on their scale.
In the occupational pensions sector, the shift from defined benefit schemes
towards defined contribution or hybrid schemes continued. This rebalancing
reflects a range of factors, including a response to changes in longevity,
regulatory changes and developments in the tax treatment of pension
schemes in some jurisdictions.
The text of EIOPA 1st half-year Financial Stability Report 2013 can be
found here (Link:
https://eiopa.europa.eu/publications/financial-stability/index.html ).
This newsletter was sent to you by:
EIOPA
WesthafenTower | Westhafenplatz 1 | 60327 Frankfurt | Germany
Phone: +49 69 951119-20
Fax: +49 69 951119-19
info@eiopa.europa.eu
https://eiopa.europa.eu
---
Don't want to receive this newsletter anymore?
Please login to the Restricted Area of the EIOPA website and change
your user profile:
https://eiopa.europa.eu/restricted-area/index.html
If you forgot your password, you will find a link to receive a new
password on the login page of the EIOPA Restricted Area.
donderdag 16 mei 2013
EIOPA publishes Discussion paper on a possible EU-single market for personal pension products
In July 2012 the European Commission requested the European Insurance and
Occupational Pensions Authority (EIOPA) to provide technical advice on the
prudential regulations and consumer protection measures needed to create a
single market for personal pensions.
In order to deliver this technical advice EIOPA, as a first step, has today
published its Discussion paper on a possible EU-single market for personal
pension products.
The goal of the Discussion paper is to engage stakeholders at an early
stage in the project by gathering their views on a wide range of issues
relating to personal pensions.
The Discussion Paper focuses on three key aspects of personal pensions:
A possible definition of a personal pension;Potential cross-border
frameworks (passporting and the so-called second (or 28th) regime which
would create a uniform European system as an alternative to the different
national regimes); andConsumer protection, including information
disclosure and selling practices.
To access EIOPA's Discussion paper click here (Link:
https://eiopa.europa.eu/consultations/consultation-papers/index.html ).
If you wish to respond to the questions posed in the Discussion paper,
please use this comments template (Link:
https://eiopa.europa.eu/fileadmin/tx_dam/files/consultations/consultationpapers/single_personal_pension_products/EIOPA_Template-for-Comments-on-DPTFPP.doc
).
The period for providing comments will end on 16 August 2013.
Once stakeholders' comments have been analysed, EIOPA will prepare a
report, containing issues and options which will be made available to the
European Commission in early 2014. The Commission is then expected to
issue a detailed Call for Advice to EIOPA, with a response deadline set
for 2015.
This newsletter was sent to you by:
EIOPA
WesthafenTower | Westhafenplatz 1 | 60327 Frankfurt | Germany
Phone: +49 69 951119-20
Fax: +49 69 951119-19
info@eiopa.europa.eu
https://eiopa.europa.eu
---
Don't want to receive this newsletter anymore?
Please login to the Restricted Area of the EIOPA website and change
your user profile:
https://eiopa.europa.eu/restricted-area/index.html
If you forgot your password, you will find a link to receive a new
password on the login page of the EIOPA Restricted Area.
Occupational Pensions Authority (EIOPA) to provide technical advice on the
prudential regulations and consumer protection measures needed to create a
single market for personal pensions.
In order to deliver this technical advice EIOPA, as a first step, has today
published its Discussion paper on a possible EU-single market for personal
pension products.
The goal of the Discussion paper is to engage stakeholders at an early
stage in the project by gathering their views on a wide range of issues
relating to personal pensions.
The Discussion Paper focuses on three key aspects of personal pensions:
A possible definition of a personal pension;Potential cross-border
frameworks (passporting and the so-called second (or 28th) regime which
would create a uniform European system as an alternative to the different
national regimes); andConsumer protection, including information
disclosure and selling practices.
To access EIOPA's Discussion paper click here (Link:
https://eiopa.europa.eu/consultations/consultation-papers/index.html ).
If you wish to respond to the questions posed in the Discussion paper,
please use this comments template (Link:
https://eiopa.europa.eu/fileadmin/tx_dam/files/consultations/consultationpapers/single_personal_pension_products/EIOPA_Template-for-Comments-on-DPTFPP.doc
).
The period for providing comments will end on 16 August 2013.
Once stakeholders' comments have been analysed, EIOPA will prepare a
report, containing issues and options which will be made available to the
European Commission in early 2014. The Commission is then expected to
issue a detailed Call for Advice to EIOPA, with a response deadline set
for 2015.
This newsletter was sent to you by:
EIOPA
WesthafenTower | Westhafenplatz 1 | 60327 Frankfurt | Germany
Phone: +49 69 951119-20
Fax: +49 69 951119-19
info@eiopa.europa.eu
https://eiopa.europa.eu
---
Don't want to receive this newsletter anymore?
Please login to the Restricted Area of the EIOPA website and change
your user profile:
https://eiopa.europa.eu/restricted-area/index.html
If you forgot your password, you will find a link to receive a new
password on the login page of the EIOPA Restricted Area.
maandag 13 mei 2013
EIOPA launches the Call for Expression of Interest regarding the setting up its Insurance and Reinsurance Stakeholder Gr
The European Insurance and Occupational Pensions Authorities (EIOPA)
launches the Call for Expression of Interest regarding the setting up of
EIOPA Stakeholder Groups, the Insurance and Reinsurance Stakeholder Group
(IRSG) and the Occupational Pensions Stakeholder Group (OPSG), following
the expiration of their mandates later this year.
The Stakeholder Groups are set up to help facilitate consultation with
stakeholders in areas relevant to the tasks of EIOPA.
Members of the IRSG, 30 in total, are individuals appointed to represent in
balanced proportions insurance and reinsurance undertakings and insurance
intermediaries operating in the Union, and their employees'
representatives, as well as consumers, users of insurance and reinsurance
services, representatives of SMEs and representatives of relevant
professional associations. At least five of its members shall be
independent top-ranking academics.
Members of the OPSG, 30 in total, are individuals appointed to represent in
balanced proportions institutions for occupational retirement provision
operating in the Union, representatives of employees, representatives of
beneficiaries, representatives of SMEs and representatives of relevant
professional associations. At least five of its members shall be
independent top-ranking academics.
The deadline for application is 23 June 2013, 23:59 hrs CET.
The Calls for Expression of Interest and the application documents (in
English only) can be accessed from EIOPA website:
https://eiopa.europa.eu/about-eiopa/organisation/stakeholder-groups/stakeholder-groups-selection-process-2013/index.html
(Link:
https://eiopa.europa.eu/about-eiopa/organisation/stakeholder-groups/stakeholder-groups-selection-process-2013/index.html
)
The selection and approval process of the Stakeholder Groups membership is
expected to begin in late June and to be completed with the appointment of
the Stakeholder Group members by the EIOPA Board of Supervisors in
September 2013. Thereafter, the decision will be communicated to all
candidates. Once the candidates have accepted their appointment, the
composition of both Stakeholder Groups will be made publicly available by
EIOPA.
The first meetings of the Stakeholder Groups in the new composition are
foreseen in October 2013: IRSG on 22 October and OPSG on 24 October
followed by a joint meeting with the EIOPA Board of Supervisors on 26
November 2013.
This newsletter was sent to you by:
EIOPA
WesthafenTower | Westhafenplatz 1 | 60327 Frankfurt | Germany
Phone: +49 69 951119-20
Fax: +49 69 951119-19
info@eiopa.europa.eu
https://eiopa.europa.eu
---
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Please login to the Restricted Area of the EIOPA website and change
your user profile:
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If you forgot your password, you will find a link to receive a new
password on the login page of the EIOPA Restricted Area.
launches the Call for Expression of Interest regarding the setting up of
EIOPA Stakeholder Groups, the Insurance and Reinsurance Stakeholder Group
(IRSG) and the Occupational Pensions Stakeholder Group (OPSG), following
the expiration of their mandates later this year.
The Stakeholder Groups are set up to help facilitate consultation with
stakeholders in areas relevant to the tasks of EIOPA.
Members of the IRSG, 30 in total, are individuals appointed to represent in
balanced proportions insurance and reinsurance undertakings and insurance
intermediaries operating in the Union, and their employees'
representatives, as well as consumers, users of insurance and reinsurance
services, representatives of SMEs and representatives of relevant
professional associations. At least five of its members shall be
independent top-ranking academics.
Members of the OPSG, 30 in total, are individuals appointed to represent in
balanced proportions institutions for occupational retirement provision
operating in the Union, representatives of employees, representatives of
beneficiaries, representatives of SMEs and representatives of relevant
professional associations. At least five of its members shall be
independent top-ranking academics.
The deadline for application is 23 June 2013, 23:59 hrs CET.
The Calls for Expression of Interest and the application documents (in
English only) can be accessed from EIOPA website:
https://eiopa.europa.eu/about-eiopa/organisation/stakeholder-groups/stakeholder-groups-selection-process-2013/index.html
(Link:
https://eiopa.europa.eu/about-eiopa/organisation/stakeholder-groups/stakeholder-groups-selection-process-2013/index.html
)
The selection and approval process of the Stakeholder Groups membership is
expected to begin in late June and to be completed with the appointment of
the Stakeholder Group members by the EIOPA Board of Supervisors in
September 2013. Thereafter, the decision will be communicated to all
candidates. Once the candidates have accepted their appointment, the
composition of both Stakeholder Groups will be made publicly available by
EIOPA.
The first meetings of the Stakeholder Groups in the new composition are
foreseen in October 2013: IRSG on 22 October and OPSG on 24 October
followed by a joint meeting with the EIOPA Board of Supervisors on 26
November 2013.
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