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News (Insurance and Pensions)

2015

12.01.2015
European Parliament and Council have approved Solvency II implementing rules. (MEX/15/3160)

2014

06.12.2014
Winding-up proceedings — Decision (Order ECC/1866 of 24 September 2014) to commence winding-up proceedings concerning the entity “CORPORACION DIRECTA DE ASISTENCIA INTEGRAL DE SEGUROS, S.A.” – OJ C 438 of 6/12/2014
01.12.2014
Insurance stress test: European Commission emphasises need for full and rapid implementation of the “Solvency II” insurance regulatory regime – Statement by Commissioner Hill (STATEMENT/14/2261)
10.10.2014
The European Commission adopted today delegated acts under the Solvency II Directive (IP/14/1119)
31.07.2014

EU-U.S. insurance project updates its way forward

In light of recent developments in the EU and the U.S., and of progress to date on the EU-U.S. Insurance Project, its Steering Committee has revisited and updated its strategic Way Forward document, for the first time since December 2012, reaffirming by this its commitment to the objectives of the Project.

The updated strategy includes new relevant initiatives that will contribute to achieve the overall goals of the Project, and in particular prepares the way for the future negotiation of an bilateral agreement on reinsurance between the European Union and the USA.

23.07.2014
Commission call for advice to EIOPA to develop an EU single market for personal pension productspdf(164 KB) Choose translations of the previous link 
26.06.2014
Reorganisation measures - Decision on a reorganisation measure in respect of DIRECT Pojišťovny, a.s., in liquidation – OJ C 190 of 26/6/2014
26.06.2014
Reorganisation measures - Decision on a reorganisation measure in respect of Societatea Carpatica Asig S.A. – OJ C 190 of 26/6/2014
17.06.2014
Winding-up proceedings - Decision to open winding-up proceedings against LA VIE GREEK PUBLIC LIMITED HEALTH INSURANCE COMPANY – OJ C 185 of 17/6/2014
16.06.2014

Occupational pension funds (IORPs) - Implementing Technical Standard

On 16 June 2014, the Commission adopted Implementing Regulation 643/2014 laying down implementing technical standards with regard to the reporting of national provisions of prudential nature relevant to the field of occupational pension schemes according to Directive 2003/41/EC of the European Parliament and of the Council.

11.06.2014
Winding-up proceedings - Decision to open winding-up proceedings in respect of Setanta Insurance Company Limited – OJ C 176 of 11/6/2014
27.05.2014
Reorganisation measures - Decision on a reorganisation measure in respect of Societatea de Asigurare-Reasigurare ASTRA SA – OJ C 160 of 27/5/2014
23.05.2014
Reorganisation measures - Decision on a reorganisation measure in respect of Millburn Insurance Company Limited – OJ C 155 of 23/5/2014
22.05.2014
The 'Omnibus II' directive has been published in the Official Journal of the EU
12.04.2014
Winding-up proceedings - Decision to open winding-up proceedings in respect of ISLAND CAPITAL (EUROPE) LIMITED – OJ C 111 of 12/4/2014
12.04.2014
Reorganisation measures - Decision on a reorganisation measure in respect of Societatea de Asigurare-Reasigurare ASTRA SA – OJ C 111 of 12/4/2014
27.03.2014
The European Commission adopts a package of measures on long-term investment including a proposal for new rules on occupational pension funds (IORPs) (IP/14/320)
11.03.2014
The European Parliament adopted in plenary the “Omnibus II” Directive that completes the “Solvency II” Directive and finalises the new framework for insurance regulation and supervision in the EU (STATEMENT/14/61)
11.02.2014
Corrigendum to Winding-up proceedings — Decision to open winding-up proceedings in respect of apdrošināšanas akciju sabiedrību (AAS) ‘BALVA’ ( OJ C 299, 15.10.2013) – OJ C35 of 6/2/2014

2013

11.12.2013
The European Parliament and the Council adopt Commission proposal to postpone the application date of Solvency II
14.11.2013
Commissioner Barnier welcomes trilogue agreement by Council and Parliament on the “Omnibus II” Directive (MEMO/13/992)
22.10.2013
Reorganisation measures – Decision on the measure to reorganise “LA VIE LIMITED GREEK HEALTH INSURANCE COMPANY” – OJ C309 of 22/10/2013 (OJ C309)
18.10.2013
Winding-up proceedings — Decision to open winding-up proceedings in respect of apdrošināšanas akciju sabiedrību (AAS) ‘BALVA’ – OJ C299 of 15/10/2013 (OJ 299)
02.10.2013
The Commission put forward a draft Directive postponing the application date of the Solvency II Directive to 1 January 2016 (MEMO/13/841)
18.09.2013
Winding-up proceedings — Decision to initiate winding-up proceedings against ΔΙΕΘΝΗΣ ΕΝΩΣΙΣ Α.Α.Ε. (International Union Insurances SA) (OJ C269)
30.07.2013
Decision regarding a reorganisation measure for ‘International Union Insurances’ (OJ C216)
14.06.2013

EIOPA adopts technical findings on the Long-Term Guarantee Assessment, and Commission services publish a report on EIOPA’s work

30.05.2013
Commission requests Greece to comply with EU law (MEMO/13/470)
27.05.2013
Commission launches a consultation on problems faced by service providers in obtaining insurance cover when providing services in another Member State on a temporary basis.
23.05.2013
Occupational Pension Funds – Next Steps: “I intend to present a proposal to improve the governance and transparency of occupational pension funds in the autumn. (...) This proposal will not cover the issue of solvency rules for pension funds”. Statement by Commissioner Barnier. (MEMO/13/454)
27.04.2013
Decision to make a winding-up order in respect of Hill Insurance Company Limited (OJ C122)
27.04.2013
Notification of winding up order and appointment of joint liquidators in respect of De Vert Insurance Company Limited (OJ C122)
16.04.2013
The European Commission today presented a strategy on adaptation to climate change. In a related measure, it also adopted a Green Paper on insurance in the context of natural and man-made disasters. This public consultation launches a wide debate on the adequacy and availability of existing insurance options (IP/13/329)
28.03.2013
Decision to make a winding-up order in respect of Lemma Europe Insurance Company Limited (OJ C92)
28.03.2013
Decision to launch winding-up proceedings in respect of EVIMA GROUP AAE (OJ C92)
26.02.2013
Decision to open winding-up proceedings in respect of AIM Általános Biztosító Zrt. (AIM General Insurance Private Company Limited by Shares) (OJ C56)
26.02.2013
Decision to open winding-up proceedings in respect of Hill Insurance Company Limited (OJ C56)
16.01.2013
Decision to open winding-up proceedings in respect of Lemma Europe Insurance Company Limited (OJ C12)

2012

21.12.2012
EU-US insurance dialogue outlines the way forward
19.12.2012
Letter from Jonathan Faull, Director General Internal Market and Services, to Gabriel Bernardino, Chair of EIOPA
28.11.2012
Call for advicepdf Choose translations of the previous link  from EIOPA to develop an EU Single Market for personal pension schemes (July 2012)
08.11.2012
Letter from Commissioner Barnier to Gabriel Bernardino, Chair of EIOPA
10.10.2012
Reorganisation measure - decision on closing the financial recovery procedure for Forte Asigurări SA  
10.10.2012
Quantitative Impact Study (QIS) on Institutions for Occupational Retirement Provision
05.10.2012
Consultation on a possible framework for the recovery and resolution of financial institutions other than banks
03.10.2012
Public Hearing on the draft factual Report of the EU-US Insurance Regulatory Dialogue Project, 16.10.2012
26.09.2012
Letter from Jonathan Faull, Director General Internal Market and Services, to Gabriel Bernardino, Chair of EIOPA
29.08.2012
Decision (Orden ECC/1499/2012 of 19 June 2012) to commence winding-up proceedings with respect to M. G. D. Mutualidad General Deportiva de Previsión Social (OJ C238)
23.07.2012
Decision concerning the approval of the resumption of activities by SOCIETĂȚEA DE ASIGURARE-REASIGURARE LIG INSURANCE S.A. (OJ C215pdf)
03.07.2012
Commission proposes legislation to improve consumer protection in financial services (IP/12/736 Choose translations of the previous link )
01.06.2012
Decision approving the transfer of insurance portfolio from Omniasig Vienna Insurance Group SA, as transferor, to BCR Asigurări Vienna Insurance Group SA, as transferee, and the merger by acquisition concluded between BCR Asigurări Vienna Insurance Group SA, as the acquiring company, and Omniasig Vienna Insurance Group SA, as the target company (OJ C155)
25.05.2012
Proposal for a Directive amending the Solvency II Directive (2009/138/EC) as regards the dates of its transposition and application and the date of repeal of certain Directives.
01.05.2012
Decision on temporary prohibition of the activity of Societatea de Asigurare-Reasigurare Lig Insurance SA (OJ C127)
27.04.2012
Reorganisation measure – Decision on a portfolio transfer and authorisation withdrawal on-request in respect of Societatea de Asigurări Chartis România SA (OJ C122)
13.03.2012
Decision to lift a reorganisation measure in respect of Apra Leven NV (OJ C55)
16.02.2012
Decision concerning a reorganisation measure in respect of FORTE Asigurari SA
26.01.2012
Commission acts to protect policy-holders and to ensure level playing field in the Bulgarian health insurance sector (IP/12/72 Choose translations of the previous link )

2011

22.11.2011
Decision to launch winding-up proceedings as requested by the Malta Financial Services Authority (OJ C341)
30.09.2011
Decision to open winding-up proceedings in respect of FARO Compagnia di Assicurazioni e Riassicurazioni SpA (OJ C286)
29.08.2011
Conference: “Prevention and Insurance of Natural Catastrophes” – 18.10.2011
12.08.2011
Decision to open winding-up proceedings in respect of LEX LIFE & PENSION SA (JO C236)
16.06.2011
Commission refers Poland to Court and calls on Estonia to comply with EU rules (IP/11/721 Choose translations of the previous link )
10.06.2011
Decision to open winding-up proceedings in respect of Eurostar E.A.E.A.Z. (OJ C170)
16.05.2011
Decision to open winding-up proceedings in respect of Western International Insurance Company (Europe) Limited (OJ C 141)
16.05.2011
Decision to open winding-up proceedings in respect of Novit Assicurazioni SpA and Sequoia Partecipazioni SpA (OJ C 141)
16.05.2011
Decision to launch winding-up proceedings in respect of Evropaiki Pronia A.E.G.A. (OJ C 141)
05.05.2011
Summary of responses to the consultation on the Solvency Ⅱ level 2 implementing measures (MEX/11/0505)
12.04.2011
Winding-up procedure – Decision concerning a winding-up procedure in respect of Apra Leven NV;Decision concerning a reorganisation measure in respect of Apra Leven NV (OJ C114)
29.03.2011
Decision to open winding-up proceedings in respect of FARO – Compagnia di Assicurazioni e Riassicurazioni SpA (OJ C96)
14.03.2011
Quantitative Impact Study results show insurance and reinsurance undertakings are well positioned to meet new Solvency Ⅱ capital requirements (IP/11/316 Choose translations of the previous link )
14.03.2011
Czech Republic referred back to EU Court over occupational pension funds (IP/11/290 Choose translations of the previous link )
16.02.2011
Slovenia referred to EU Court over complementary health insurance (IP/11/181 Choose translations of the previous link )
01.02.2011
Decision to open winding-up proceedings in respect of VDV Leben Ιnternational ΑΕΑΖ (OJ C32)
22.01.2011
Decision to open winding-up proceedings (Voluntary winding-up following a decision of the extraordinary general meeting of the mutual enterprise Universum Towarzystwa Ubezpieczeń na Życie SA concerning the winding-up of the insurance undertaking) (OJ C22)
22.01.2011
Decision to open winding-up proceedings in respect of ARFIN Compagnia di Assicurazioni e Riassicurazioni SpA (OJ C22)

2010

02.12.2010
The Commission has sent a provisional request for advice on level 2 measures concerning the future AIFM Directive to CESR
30.11.2010
Decision to open winding-up proceedings in respect of International Insurance Corporation (IIC) NV (OJ C323)
25.11.2010
Consultation on the Review of the Insurance Mediation Directive (IMD)
24.11.2010
Consultation on the Level 2 implementing measures for Directive 2009/138/EC on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency Ⅱ)
28.10.2010
European Commission calls on Czech Republic to respect Court ruling on pension funds (IP/10/1439 Choose translations of the previous link )
14.10.2010
Public Hearing on the revision of the Insurance Mediation Directive (10.12.2010)
30.09.2010
Commission requests Slovenia to comply with EU rules on complementary health insurance (IP/10/1247 Choose translations of the previous link )
25.09.2010
Decision on a reorganisation measure relating to ARFIN Compagnia di Assicurazioni e Riassicurazioni SpA (OJ C259)
11.09.2010
Winding-up proceedings – Decision to open winding-up proceedings (Voluntary winding-up following a decision of the extraordinary general meeting of the mutual enterprise Towarzystwo Ubezpieczeń Wzajemnych Bezpieczny DOM concerning the winding-up of the insurance undertaking) (OJ C245)
04.09.2010
Decision to reduce the period of validity of the insurance contracts in respect of International Insurance Corporation (IIC) NV (OJ C 239)
23.08.2010
Commission urges insurance companies to participate in the Solvency Ⅱ Quantitative Impact Study: QIS5 (IP/10/1064 Choose translations of the previous link )
12.07.2010
Commission proposes package to boost consumer protection and confidence in financial services (IP/10/918 Choose translations of the previous link )
12.07.2010
Consultation on the White Paper on Insurance Guarantee Schemes
07.07.2010
EU launches public debate on the future of pensions (IP/10/905 Choose translations of the previous link )
06.07.2010
Fifth Quantitative Impact Study: Call for Advice and Technical Specifications
01.07.2010
Commission acts to improve investor protection and efficiency in the EU investment fund market (IP/10/869 Choose translations of the previous link )
19.06.2010
Winding-up proceedings – Decision on a reorganisation measure in respect of ARFIN Compagnia di Assicurazioni e Riassicurazioni SpA (OJ C160)
09.06.2010
Decision to open winding-up proceedings in respect of Progress Assicurazioni SpA (OJ C147)
27.05.2010
Decision on a reorganisation measure in respect of Seguros Mercurio, SA (OJ C132)
04.05.2010
Getting implementation of Solvency Ⅱ right (Speech of Barnier)
16.04.2010
The European Commission has published for consultation draft technical specifications for the fifth Quantitative Impact Study (QIS5) exercise that will be run from August to November this year
15.04.2010
Decision on a reorganisation measure in respect of KD Life Asigurări S.A. (OJ C95)
01.04.2010
Winding-up proceedings – Decision on a reorganisation measure in respect of Commercial Value Insurance A.A.E. (OJ C87)
01.04.2010
Winding-up proceedings – Decision on a reorganisation measure in respect of Progress Assicurazioni S.p.A. (OJ C87)
30.03.2010
Public Hearing on Level 2 implementing measures for Solvency II (04.05.2010)
18.03.2010
Infringement proceedings against Poland (IP/10/305 Choose translations of the previous link )
10.03.2010
Michel Barnier announces an in-depth examination of insurance against natural catastrophes (IP/10/258 Choose translations of the previous link )
27.01.2010
Decision on a reorganisation measure in respect of Commercial Value Insurance A.A.E.