Modernization of the EU Insurance Supervision Framework

by name voted on 23.04.2024

Summary

A proposal to update the Solvency II rules for insurers, focusing on proportionality for small firms, climate risk management, and improved cross-border supervision.

9 23.04.2024

Report

economy

insurance

statistics

environment

social policy

administrative law

administrative reform

public administration

business and competition

financial institutions and credit

Key points

Introduction of a new classification for small and non-complex insurance undertakings to simplify their regulatory requirements.
Mandatory integration of climate change scenario analysis into risk management processes for companies with material exposure to environmental risks.
Enhanced cooperation and information exchange between home and host country supervisors regarding significant cross-border activities.
New macroprudential tools to manage liquidity risks and prevent systemic instability during market shocks.

Vote

PPE

S&D

Renew

PfE

Verts/ALE

ECR

The Left

NI

ESN

Total

Speeches

1 Speech in total

Pro

Contra

Roberta METSOLA

Roberta METSOLA

PPE

0:30 min

11. Negotiations ahead of Parliament’s first reading (Rule 71)

Documents (PDFs)

PROVISIONAL AGREEMENT RESULTING FROM INTERINSTITUTIONAL NEGOTIATIONS Proposal for a directive of the European Parliament and of the Council amending Directive 2009/138/EC as regards proportionality, quality of supervision, reporting, long-term guarantee measures, macro-prudential tools, sustainability risks, group and cross-border supervision and amending Directives 2002/87/EC and 2013/34/EU DRAFT REPORT on the proposal for a directive of the European Parliament and of the Council Amending Directive 2009/138/EC as regards proportionality, quality of supervision, reporting, long-term guarantee measures, macro-prudential tools, sustainability risks, group and cross-border supervision REPORT on the proposal for a directive of the European Parliament and of the Council amending Directive 2009/138/EC as regards proportionality, quality of supervision, reporting, long-term guarantee measures, macro-prudential tools, sustainability risks, group and cross-border supervision Amendments to the Solvency II Directive

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