Europejski Urząd Nadzoru Ubezpieczeń i Pracowniczych Programów Emerytalnych (European Insurance and Occupational Pensions Authority - EIOPA), Raport z działalności kolegiów EIOPA za 2022 r.

EIOPA-23/196

13 July 2023

REPORT ON EIOPA’S COLLEGE ACTIVITIES 2022

EXECUTIVE SUMMARY

The fast-changing macroeconomic environment and the increase in the financial market volatility are a challenge for the whole Insurance market. Considering the developments and their impact on the Cross-border Insurance Groups (Groups) the importance of group supervision and the activities of Colleges of Supervisors (Colleges) further increased for both, EIOPA and National Competent Authorities (NCAs).

The College activities during 2022 focused on the impact of the current macro-economic environment, including the sharp rise in inflation and interest rates, as well as the impact of the Russian war in Ukraine on the Groups, their profitability and financial and solvency position, as well as other risks specific to the Groups. The impact on the individual Groups varies, given the differences and specifics of their business models.

Further attention has been put on Environmental, Social and corporate...