supervision of run-off undertakings

23 Jul: EIOPA consults on the approach to the supervision of run-off undertakings

(Source: European Insurance and Occupational Pensions Authority (EIOPA))

The European Insurance and Occupational Pensions Authority (EIOPA) issued today a consultation on the supervisory statement regarding the supervision of run-off undertakings. The aim of the supervisory statement is to ensure that a high-quality and convergent supervision is applied to run-off undertakings or portfolios that are subject to Solvency II regulation.

Acquisition of run-off portfolios and run-off undertakings by other insurance undertakings is increasing and is attracting interest from specialised investment entities such as private equity. EIOPA believes that it is essential to specify supervisory expectations to better consider and deal with …