The European Insurance and Occupational Pensions Authority (EIOPA) is the authority responsible for prudential supervision in the insurance and pensions sector in Europe. EIOPA is part of the European System of Financial Supervisors and is based in Frankfurt. DNB is a member of the Board of Supervisors, EIOPA’s principal decision-making body.
EIOPA has the following main tasks:
EIOPA has powers to propose binding technical standards. The European Commission can subsequently endorse these standards, possibly after amending them. After endorsement, the standards are immediately applicable and do not have to be implemented nationally.
EIOPA only conducts prudential supervision in the insurance and pensions sector. The European supervisory authorities in other sectors are the European Securities and Markets Authority (ESMA) for the securities sector and the European Banking Authority (EBA) for the banking sector.
In the first quarter of 2021, Dutch pension funds saw their financial position improve again. Due to rising interest rates in financial markets, the value of aggregate liabilities fell EUR 111 billion to EUR 1,576 billion, outstripping the EUR 15 billion decline in aggregate assets to EUR 1,676....
Read more Dutch pension funds’ financial position improved
On Tuesday 28th May from 3:00-4:45 PM CET DNB will organize an online information session about fit and proper assessments.
Read more Information session about fit and proper assessments DNB
How does one bring the professional oath to life in daily practice? Representatives from the financial sector and the supervisory authorities tackled this question at the DNB seminar on the professional oath in late 2022.
Read more The professional oath in daily practice
Insurers in the Netherlands continued to sell direct investments in bonds in 2023, new figures from DNB show. For the fourth year in a row, insurers sold more bonds than they bought.
Read more Dutch insurers continue to invest less in bonds
