Europejski Urząd Nadzoru Ubezpieczeń i Pracowniczych Programów Emerytalnych (European Insurance and Occupational Pensions Authority - EIOPA), Wzajemna ocena zarządzania i nadzoru nad produktem (POG)

EIOPA-23/420

20 July 2023

Peer Review on Product

Oversight and Governance (POG)

Peer Review Report

EXECUTIVE SUMMARY

Background and scope

The European Insurance and Occupational Pensions Authority (EIOPA), with the support of National Competent Authorities (NCAs), has conducted a peer review on requirements on product oversight and governance (POG), based on the EIOPA’s two-year peer review work plan 2020-2022 and in line with Article 30 of EIOPA Regulation .

This peer review, the first in the area of supervision of conduct of business, assessed the overall maturity of the supervisory framework on POG developed by NCAs to supervise the application of POG requirements by insurance manufacturers.

It is noteworthy that before and simultaneously with the peer review on POG, EIOPA has developed significant supervisory convergence work related to POG. In April 2020, EIOPA issued the Chapter on Product Oversight and Governance (POG) within its Supervisory Handbook . While this Chapter is...