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Image header Agence Europe
Europe Daily Bulletin No. 13044
Contents Publication in full By article 25 / 33
NEWS BRIEFS / Insurance

EIOPA calls for improved supervision of propriety assessment of insurance company board members

Brussels, 17/10/2022 (Agence Europe)Supervision of administrative, management and supervisory body members’ and qualifying shareholders’ propriety assessment has improved during the last 2 years in the European Economic Area, according to a 2019 peer review follow-up report published by the European Insurance and Occupational Pensions Authority (EIOPA) on Wednesday 12 October. However, EIOPA notes that the development of supervisory practices is still ongoing in a number of countries. Five competent national authorities have implemented less than 50% of the recommended actions, including one that has not worked at all on the follow-up to the Peer Review. EIOPA invites them to consider the examples identified as a source of inspiration for the development of their national supervisory practices. To view the report: https://aeur.eu/f/3ni (AD)

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