On 13 July 2023, EIOPA published the report on the activities carried out by the Colleges of Supervisors in the year 2022.
The report underlined the importance of coordinated, efficient and effective supervision of cross-border insurance groups within the EU.
It also highlighted the main developments and key issues discussed by the 64 Colleges (cooperation frameworks to improve coordination among national competent authorities in the EU), whose activities focused on the rapid evolution of the macroeconomic environment and its impact on the financial position, solvency and profitability of cross-border insurance groups.
Finally, the report focused on the impact of ESG factors on insurance groups’ organisational model and the possible implementation of Insurance Capital Standards (ICS) for Internationally Active Insurance Groups.