After announcing that it was going to show flexibility (see EUROPE B12449A11), the European Insurance and Occupational Pensions Authority (EIOPA) presented its recommendations to national supervisors on Friday 20 March to deal with the COVID-19 pandemic.
These recommendations aim to “offer operational relief” to insurance companies, notably by allowing delays in regulatory reporting under the ‘Solvency II’ Directive, so that companies can focus their efforts on monitoring and...