EIOPA Launches Seven Consultations on New Insurance Recovery and Resolution Rules
EIOPA has published seven consultation papers to support the implementation of the EU’s Insurance Recovery and Resolution Directive (IRRD), which will come into force in January 2027. The IRRD introduces a new framework to help insurers prepare for crises and ensure that, if failures do occur, they can be managed in an orderly and cost-efficient way.
The new consultations include draft Guidelines and Regulatory Technical Standards (RTS) covering key areas such as recovery planning, simplified obligations, information sharing, and valuation processes.
What’s included in the consultations?
Guidelines on scenarios
Stress scenarios that insurers must use to test their recovery plans, including market-wide shocks and insurance-specific events (e.g., mass lapses, underwriting losses).
Guidelines on indicators
Key capital, liquidity, profitability, market and operational indicators that insurers should monitor in their recovery plans.
Guidelines on the provision of information
Rules on how confidential information can be shared under professional secrecy exemptions.
Guidelines on simplified obligations
Criteria for identifying insurers that may qualify for simplified recovery and resolution requirements.
RTS on the independence of valuers
Standards to ensure valuers are independent from both the insurer and the resolution authority.
RTS on contractual recognition of stay powers
Standard terms to ensure EU resolution measures can be applied to contracts governed by non-EU law.
RTS on the valuation of derivative liabilities
Methods and principles for valuing derivative liabilities in a resolution process.
Why this matters
How to respond
Stakeholders can submit feedback via EIOPA’s online surveys until 20 March 2026. Responses will be published unless confidentiality is requested.
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