The European Insurance and Occupational Pensions Authority (EIOPA) said that “further harmonisation would be desirable in the area of national Insurance Guarantee Schemes”, concluding the background paper on the proposed Insurance Recovery and Resolution Directive (IRRD) published on Thursday 10 November.
Presented by the European Commission in September 2021 (see EUROPE B12795A1), the directive provides for resolution in the event of the failure of an insurer, the organisation of...