Insurance EuropeInsurance Europe
Position Paper
Cover letter to EIOPA guidelines set 1 consultation

The industry recognises the important role that guidelines will play in helping to ensure Solvency II meets the harmonisation objectives set by the Directive. Insurance Europe therefore understands and appreciates that EIOPA has proposed guidelines under its own initiative in addition to the very limited number required by the Level 1 text.

The majority of the proposed combined texts/draft guidelines and supporting explanatory text– has the potential to provide valuable information for companies and supervisors; however, as highlighted in Insurance Europe's comments, the number of actual guidelines at launch of Solvency II should be significantly reduced.

Published 29 August 2014
Olav Jones
Olav Jones
Deputy director general/Director, economics & finance