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European Insurance and Pensions Committee – EIOPC

Overview

Directive 2005/1/EC amending various financial services directives in order to establish a new organisational structure for financial services committees was finally adopted on 9 March 2005. The new Directive was published in Official Journal No L 79 on 24 March 2005. It extends the Lamfalussy committee structure to the banking, insurance and UCITS areas (undertakings for collective investment in transferable securities). The result of this new Directive in the insurance and occupational pensions sectors is the disappearance of the Insurance Committee and its replacement by the European Insurance and Occupational Pensions Committee (EIOPC).

It will be remembered that the EIOPC was established by Commission Decision 2004/9/EC of 5 November 2003. It was stipulated however that that Decision would “enter into force on the same day as the entry into force of any directive amending the purely advisory functions of the Insurance Committee”.

The new Directive has entered into force on the twentieth day following its publication in the Official Journal of the European Union namely the 13th April 2005.

Read more on the new Financial Services Committee Architecture.

Members

PDF - 62 KBEnglish

Meetings

17.06.2009 Agenda   PDFEnglish
Conclusions of the meeting on 3 April 2009
 		   PDFEnglish
Annexes PDFEnglishEnglish
Communication on Financial Supervision in Europe COM(2009) 252 final PDFDeutschEnglishFrançais
Communication on Packaged Retail Investment Products COM(2009) 204 final PDFEnglishFrançais
Info-letter   PDFEnglish
03.04.2009 Agenda markt.h.2(2009)47096 PDFEnglish
Conclusions of the meeting on 26 November 2008   PDFEnglish
Annexes PDFEnglishEnglish
Report by the high-level group on financial supervision in the EU – de Larosière Group   PDFDeutschEnglishFrançais
Communication of 4 March 2009 for the Spring European Council – Driving European Recovery COM(2009) 114 final PDFEnglish
Annex PDFEnglish
Solvency I – annual examination of certain amounts laid down in the directives MARKT/75948/2008 – markt.h.2(2009)31220 PDFEnglish
PDFEnglish
26.11.2008
Agenda MARKT/53406/08 PDF - 55 KBEnglish
Conclusions of the meeting on 27 June 2008   PDF - 65 KBEnglish
Current agenda and future priorities for EU financial services   PDF - 55 KBEnglish
QIS4 results and EU summary report by CEIOPS   PDF - 55 KBEnglish
Guarantee Schemes – Summary feedback statement   PDF - 55 KBEnglish
Newsletter   PDFEnglish
27.06.2008
Agenda MARKT/2510/08 rev.1 PDF - 55 KBEnglish
Conclusions of the meeting on 29 November 2007   MARKT/2502/08 PDF - 65 KBEnglish
Occupational Pensions Issues   MARKT/2512/08 PDF - 55 KBEnglish
  MARKT/2514/08 PDF - 55 KBEnglish
Report by the Commission on the adaptation of certain Euro amounts laid down in the Directive   MARKT/2515/08 PDF - 55 KBEnglish
Summary report on the Public Hearing on Insurance Guarantee Schemes   MARKT/2516/08 PDF - 55 KBEnglish
General good requirements and financing of supervisory authorities  MARKT/2518/07 PDF - 55 KBEnglish
  MARKT/2519/07 PDF - 287 KBEnglish
01.02.2008
Agenda MARKT/2501/08 PDF - 55 KBEnglish
29.11.2007
Agenda MARKT/2512/07 rev.1 PDF - 55 KBEnglish
Conclusions of the meeting on 4 July 2007 MARKT/2514/07 PDF - 65 KBEnglish
Solvency I Results of the annual review of the amount of the minimum guarantee fund (life and non-life) and the premium and claims indices (non-life) MARKT/2515/07 PDF - 287 KBEnglish
  MARKT/2520/07 PDF - 287 KBEnglish
  MARKT/2520/07 Annex PDF - 287 KBEnglish
Draft outline of the IA for level 2 implementing measures of Solvency II   MARKT/2516/07 PDF - 287 KBEnglish
Questionnaire on General good requirements   MARKT/2518/07 PDF - 287 KBEnglish
Questionnaire on financing of the insurance supervisory authorities in the EEA  MARKT/2519/07 PDF - 287 KBEnglish
04.07.2007
Agenda MARKT/2507/07 PDF - 55 KBEnglish
Conclusions of the meeting on 29 November 2006 MARKT/2508/06 PDF - 65 KBEnglish
Retail insurance market and the Commission’s Green Paper on retail financial services MARKT/2509/06 PDF - 287 KBEnglish
21.02.2007
Agenda MARKT/2503/07 PDF - 55 KBEnglish
Treatment of 3rd country reinsurers  MARKT/2504/07 PDF - 65 KBEnglish
Discussion on policy options for the treatment of composites in Solvency II MARKT/2505/07 PDF - 287 KBEnglish
29.11.2006 Conclusions of the meeting on 6 July 2006 MARKT/2526/06 PDF - 72 KBEnglish
Agenda MARKT/2532/06 PDF - 55 KBEnglish
Solvency I – annual examination of certain amounts laid down in the directives MARKT/2533/06 PDF - 65 KBEnglish
Solvency II: possible amendments to the Framework for Consultation MARKT/2534/06
Annex CEIOPS
Annex CEA		 PDF - 287 KBEnglish
PDF - 287 KBEnglish
PDF - 287 KBEnglish
The charging of fees by the host Member State for branch supervision MARKT/2539/06
Annex		 PDF - 48 KBEnglish
PDF - 48 KBEnglish
Motor insurance – Accession of Bulgaria and Romania to the EU MARKT/2535/06 PDF - 262 KBEnglish
Comitology ESC/56/2006 PDF - 262 KBEnglish
Contractual obligations (Rome I) – possible extension of scope to include insurance contracts MARKT/2538/06 PDF - 262 KBEnglish
06.07.2006 Conclusions of the meeting on 5 April 2006 MARKT/2516/06 PDF - 72 KBEnglish
Agenda MARKT/2517/06 PDF - 55 KBEnglish
Relationship between the Insurance Accounts Directive and Solvency II MARKT/2518/06 PDF - 65 KBEnglish
Home-host responsibilities MARKT/2519/06 PDF - 287 KBEnglish
Uninsured driving MARKT/2520/06 PDF - 48 KBEnglish
Newsletter MARKT/2521/06 PDF - 262 KBEnglish
05.04.2006 Conclusions of the meeting on 2 December 2005 MARKT/2503/06 PDF - 72 KBEnglish
Agenda MARKT/2504/06 PDF - 55 KBEnglish
Revision of Article 15 of Directive 2002/82/EC and the corresponding articles in the other insurance directives MARKT/2509/06 PDF - 65 KBEnglish
Supervisory arrangement: the next five years EBC/020/05 PDF - 287 KBEnglish
Motor insurance: uninsured driving MARKT/2508/06 + annex PDF - 34-58 KBEnglishEnglish
Publication of winding-up decisions and reorganisation measures in the Official Journal MARKT/2506/06 PDF - 59 KBEnglish
Note of the Italian delegation MARKT/2512/06 PDF - 48 KBEnglish
Newsletter MARKT/2507/06 PDF - 262 KBEnglish
02.12.2005 Conclusions of the meeting on 29 June 2005 MARKT/2521/05 PDF - 72 KBEnglish
Agenda MARKT/2522/05 PDF - 52 KBEnglish
Revision of Article 15 of Directive 2002/82/EC and the corresponding articles in the other insurance directives MARKT/2526/05 PDF - 24 - 34 KBEnglish
Solvency II issues    

Impact Assessment update

 MARKT/2525/05 + annex PDF - 21 - 45 KBEnglishEnglish
Solvency I: Results of the annual review of the amount of the minimum guarantee fund (life and non-life) and the premium and claims indices (non-life) MARKT/2523/05 + annex PDF - 31 - 56 KBEnglishEnglish
Sector enquiry on insurance – brief factual update by DG Competition MARKT/2533/05 PDF - 59 KBEnglish
Terrorism and natural catastrophe risks: Commission presentation of the work it is undertaking in this area and discussion MARKT/2528/05 PDF - 24 - 34 KBEnglish
Newsletter MARKT/2529/05 PDF - 59 KBEnglish
29.06.2005 Conclusions of the meeting on 8 April 2005 MARKT/2511/05 PDF - 72 KBEnglish
Agenda MARKT/2512/05 PDF - 52 KBEnglish
Solvency II issues    

Framework for consultation (draft revised version)

 MARKT/2514/05 + annex PDF - 24 - 34 KBEnglishEnglish

Legislative approach

MARKT/2513/05 PDF - 21 - 45 KBEnglish
EIOPC Rules of procedure MARKT/2515/05 PDF - 31 - 56 KBEnglish
Compulsory insurance provisions in article 27 of the proposed directive on services in the internal market (UK–NL) MARKT/2516/05 PDF - 59 KBEnglish
Deeply subordinated debt MARKT/2517/05 PDF - 24 - 34 KBEnglishFrançais
Newsletter MARKT/2518/05 PDF - 59 KBEnglish
08.04.2005 Conclusions of the IC meeting on 01 December 2004 MARKT/2528/04 PDF - 72 KBEnglish
Draft agenda MARKT/2504/05 PDF - 52 KBEnglish
Solvency II issues    

Solvency II Roadmap

 MARKT/2502/05 + annex PDF - 21 - 36 KBEnglishEnglish

Policy issues for Solvency II – Possible amendments to the Framework for Consultation

MARKT/2505/05 PDF - 24 - 34 KBEnglishEnglish

Third wave of calls for advice from CEIOPS

 MARKT/2506/05 PDF - 21 - 45 KBEnglishEnglish

Outline of the Framework directive

 MARKT/2507/05 PDF - 31 - 56 KBEnglishEnglish
Amendment of the 1980 Rome Convention on the law applicable to contractual obligations MARKT/2508/05 PDF - 59 KBEnglish
Newsletter MARKT/2509/05 PDF - 146 KBEnglish
01.12.2004 Conclusions of the IC meeting on 30 June 2004 MARKT/2512/04 PDF - 64 KBEnglish
Draft agenda MARKT/2517/04 PDF - 147 KBEnglish
Work Programme for the Insurance Committee in 2005, including proposed dates for the IC Meeting MARKT/2526/04 PDF - 60 KBEnglish
Cross-border mergers and acquisition MARKT/2522/04 PDF - 64 KBEnglish

Annex 1
Cross-border mergers and acquisitions in the banking sector: follow-up to Scheveningen informal ECOFIN

 MARKT/1072/04 PDF - 92 KBEnglish
Solvency 1 MARKT/2520/04 PDF - 55 KBEnglish

Annex to MARKT/2520/04

   PDF - 10 KBEnglish
Accounting MARKT/2524/04 PDF - 75 KBEnglish
Solvency II MARKT/2519/04 PDF - 47 KBEnglish

Annex to MARKT/2506/04

   PDF - 100 KBEnglish

Progress Report to the EU Commission on CEIOPS work in the field of the Solvency II project

   PDFEnglish
Newsletter   PDF - 135 KBEnglish
30.06.2004

 

 Conclusions of the IC meeting on 26 November 2003 MARKT/2542/03 PDF - 162 KBEnglish
Draft agenda MARKT/2505/04 PDF - 162 KBEnglish
Accounting developments MARKT/2507/04 PDF - 162 KBEnglish

FSAP:
Report of the Experts Group on Insurance and Pensions

 MARKT/2508/04 PDF - 162 KBEnglish
Insurance Guarantee Schemes:
State of play and next steps		 MARKT/2509/04 PDF - 162 KBEnglish
EIORP 2005:    

Report

 MARKT/2510/04 PDF - 162 KBEnglish

Presentation:
The EFRP model for pan-European pensions

  PDF - 162 KBEnglish

Presentation:
EFRP – a snapshot

   PDF - 162 KBEnglish
Link to revised Framework for Consultation and First wave of specific calls for advice as amended after IC meeting on 30.6.2004    
Solvency II: Road Map for the Development of Future Work- Proposed Framework for Consultation and Proposed first wave of Specific calls for advice from CEIOPS MARKT/2506/04 PDF - 68 KBEnglish
Framework for Consultation of CEIOPS and other Stakeholders on Solvency II MARKT/2506/04 Annex 1 PDF - 162 KBEnglish
Specific calls for advice from CEIOPS (first wave) MARKT/2506/04 Annex 2 PDF - 162 KBEnglish
Solvency II – List of Work Areas and Timing of Calls for Advice MARKT/2506/04 Schedule 1 PDF - 162 KBEnglish
Newsletter MARKT/2511/04 PDF - 162 KBEnglish
27.04.2004 Extra IC Newsletter MARKT/2503/04 PDF - 162 KBEnglish
26.11.2003 Agenda MARKT/2529/03 Rev.1 PDF - 157-158 KBDeutschEnglishFrançais
Conclusions of the IC meeting on 2 July 2003 MARKT/2521/03 PDF - 56-58 KBDeutschEnglishFrançais
New Committee architecture MARKT/2533/03 PDF - 65 KBEnglish
Post-FSAP follow-up MARKT/2532/03 PDF - 50-52 KBDeutschEnglishFrançais
Accounting developments MARKT/2531/03 PDF - 76-81 KBDeutschEnglishFrançais
Solvency 2 MARKT/2530/02 PDF - 61-64 KBDeutschEnglishFrançais
Enlargement update MARKT/2534/03 PDF - 73 KBEnglish
Members’ papers:    

UK Discussion paper

 MARKT/2540/03 PDF - 60 KBEnglish

FR Discussion paper

 MARKT/2537/03 PDF - 51-52 KBDeutschEnglishFrançais
IC Work Programme 2004 MARKT/2535/03 Rev.1 PDF - 64 KBEnglish
Room documents on:    

Guarantee schemes

   PDF - 52 KBEnglish

EU-US regulatory dialogue

   PDF - 52 KBEnglish
Newsletter MARKT/2538/03 PDF - 141 KBEnglish
2.7.2003 Agenda MARKT/2512/03 PDF - 54 KBEnglish
Conclusions of the IC meeting on 9 April 2003 MARKT/2511/03 PDF - 59 KBEnglish
Fast-track Reinsurance Supervision project MARKT/2513/03 PDF - 69 KBEnglish
Progress report on implementation of EU legislation in Accession Countries MARKT/2519/03 PDF - 64 KBEnglish
Newsletter MARKT/2520/03 PDF - 141 KBEnglish
9.4.2003 Agenda MARKT/2502/03 PDF - 144 KBEnglish
Results of Review of Insurance Committee operation MARKT/2508/03 PDF - 109 KBEnglish
Conclusions of the IC meeting on 26-27 November 2002 MARKT/2537/02 PDF - 145 KBEnglish
Solvency 2: Orientation debate – Design of a future  prudential supervisory system in the EU MARKT/2503/03 PDF - 141 KBDeutschEnglishFrançais
Towards a new committee architecture in the insurance sector (including reinsurance and occupational pensions) MARKT/2505/03 PDF - 146 KBCastellanoDanskDeutschEllinikaEnglish

FrançaisItalianoNederlandsPortuguêsSuomiSvenska
Insurance Guarantee Schemes – Orientation debate MARKT/2504/03 PDF - 339 KBEnglish

Newsletter

MARKT/2507/03

PDF - 339 KBEnglish
26.-27.11.2002 Agenda MARKT/2523/02 Rev.1 PDF - 144 KBEnglish
Conclusions of the IC meeting on 16 April 2002 MARKT/2513/02 PDF - 109 KBCastellanoDanskDeutschEllinikaEnglish

FrançaisItalianoPortuguêsSuomiSvenska
GATS and international developments – Progress report MARKT/2526/02 PDF - 145 KBCastellanoDanskDeutschEllinikaEnglish

FrançaisItalianoPortuguêsSuomiSvenska
Implementation and enforcement of EU financial regulation – Application of Lamfalussy approach to insurance MARKT/2532/02 PDF - 141 KBCastellanoDanskDeutschEllinikaEnglish

FrançaisItalianoPortuguêsSuomiSvenska
Work programme for the Insurance Committee in 2003 MARKT/2525/02 Rev.1 PDF - 146 KBEnglish
Newsletter MARKT/2527/02 PDF - 339 KBEnglish

Room documents on:

  

 

EU-US regulatory dialogue

   PDF - 139 KBEnglish

Solvency II

   PDF - 144 KBEnglishFrançais

Rome Convention

   PDFFrançais

Reinsurance

   PDF - 120 KBEnglish

Accounting

   PDF - 159 KBEnglish

Guarantee schemes

   PDF - 143 KBEnglish

E-commerce

   PDF - 136 KBEnglish
16.4.2002 Agenda MARKT/2507/02 PDFEnglish
Conclusions of the IC meeting on 27-28 November 2001   PDF - 68 KBEnglish
A “fast-track” approach for Reinsurance Supervision MARKT/2508/02 PDF - 98-162 KBCastellanoDanskDeutschEllinikaEnglish

FrançaisItalianoNederlandsPortuguêsSuomiSvenska

Annex

   PDF - 203-346 KBCastellanoDanskDeutschEllinikaEnglish

FrançaisItalianoNederlandsPortuguêsSvenska

Environmental liability

 MARKT/2509/02

PDFCastellanoDanskDeutschEllinikaEnglish

FrançaisItalianoNederlandsPortuguêsSuomiSvenska

Annex 1

   PDF - 135 KBEnglish

Annex 2

   English

Annex 3

   English

FAQ

   English
Newsletter MARKT/2511/02 PDF - 277 KBEnglish

Room documents on:

    

Terrorism risk

   PDFEnglish

Accounting

   PDF - 79 KBEnglish

Solvency II

   PDF - ca. 105 KBEnglishFrançais

Insurance Guarantee Funds

   PDF - 72 KBEnglish

E-commerce

   PDF - 84 KBEnglish

EU-US Regulatory dialogue (+ annex)

   PDF 187-1210 KBEnglishAnnex - English

History

Insurance Committee (IC) is a regulatory and legislative policy body that was created in December 1992 under the Council Directive 91/675/EEC specifically setting up the Committee.

To simplify and improve the decision-making and implementation in the financial services sector, the European Commission has launched a package of seven measures: a proposal for a Directive (COM/2003/659) and six Commission Decisions. With this package the approach already used in the securities sector would be extended to insurance through the establishment of two new committees:

  1. European Insurance and Occupational Pensions Committee (EIOPC with 2004/9/EC) would be set up to replace IC and to assist the Commission in adopting implementing measures for EU Directives; and
  2. Committee of European Insurance and Pensions Supervisors (CEIOPS with 2004/6/EC) has been established to act as an independent advisory group on insurance and occupational pensions.

Last update: 04-09-2009