Strong and convergent supervision for a resilient (re) insurance sector
The Neural Herald summary, AI-generated
Notice on the use of AI. In compliance with Article 50(4) of Regulation (EU) 2024/1689 on Artificial Intelligence (AI Act), we disclose that the summaries, explanations and translations published by The Neural Herald are generated with artificial intelligence and published without prior human review. The linked official documents belong to each body and were not generated by our AI. Our summaries may contain errors: always check the original document.
EIOPA article on its work to converge supervision of sustainability risks across the EU amid rising losses from natural catastrophes. It reviews its climate and biodiversity exercises and announces a peer review to be completed in 2027.
Key points
- Most insurers include climate scenarios in their ORSA, but fewer than half consider climate risk material
- Only 20% assess biodiversity risk, mostly qualitatively
- Around 30% of their direct bond and equity holdings depend heavily on at least one ecosystem service
Who is affected
Insurers, reinsurers and national supervisors
Deadlines
Peer review on sustainability risks to be completed in 2027
Plain-language version
Natural disasters are costing insurers more and more. EIOPA, the EU watchdog for insurers and pension plans, found that most insurers already run climate scenarios, but fewer than half see that risk as significant, and only 20% look at biodiversity loss. It will review how each country supervises this, in a study ending in 2027.
Read the original document →
Prompt for your AICopies a ready-to-paste prompt for ChatGPT, Claude or Gemini: it asks the model to read the official document and not to make anything up.
Summary produced with artificial intelligence from the official publication. It may contain errors: always check the original document.
More from EIOPA
- 13 November 2026Q&A 3666: We would like to confirm the correct classification in template S.06.02, item field C0100 "Assets pledged as collateral". Is our understanding correct, that for
- 13 November 2026Q&A 3605: In the revised Directive ( Article 212 (1) fa) and Delegated Acts (Article 335 (1)) that shall be applied as of January 2027, a new type of undertaking " holdin
- 13 November 2026Q&A 3660: Should receivables and payables arising from reinsurance contracts, where settlements are processed through a reinsurance broker acting as an intermediary, be reported as reinsurance balances?
- 12 November 2026EIOPA responds to the European Commission's proposed changes to the ITS on reporting and disclosure
- 12 November 2026European Commission's Letter to EIOPA on amended draft ITS on supervisory reporting and on public disclosure
- 10 November 2026IRSG Advice on two RTS's on IRRD valuation related topics