Gabriel Bernardino

Monthly update of the symmetric adjustment of the equity capital charge for Solvency II – end June 2021

Retrieved on: 
Monday, July 5, 2021
Capital requirement, Money, Solvency II, European Insurance and Occupational Pensions Authority, European Union, Business law, Own risk and solvency assessment, Gabriel Bernardino

The European Insurance and Occupational Pensions Authority (EIOPA) has published the technical information on the symmetric adjustment of the equity capital charge for Solvency II with reference to the end of June 2021.

Key Points: 
  • The European Insurance and Occupational Pensions Authority (EIOPA) has published the technical information on the symmetric adjustment of the equity capital charge for Solvency II with reference to the end of June 2021.
  • The symmetric adjustment is regulated mainly in Article 106 of Directive 2009/138/EC (Solvency II Directive); Article 172 of the of the Delegated Regulation of Solvency II as well as in EIOPA's Final report on ITS on the equity index for the symmetric adjustment of the equity capital charge: Read more

The Board of Supervisors of EIOPA draws up a shortlist of candidates for the position of Chairperson

Retrieved on: 
Tuesday, March 23, 2021
Organizations, European Insurance and Occupational Pensions Authority, European Union, Insurance regulation, Articles, Personal finance, Pension, Pan-European Pension, Gabriel Bernardino

The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) decided yesterday on ashortlist of three candidates for the position of Chairperson of EIOPA, ensuring gender representation.

Key Points: 
  • The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) decided yesterday on ashortlist of three candidates for the position of Chairperson of EIOPA, ensuring gender representation.
  • The shortlist has been submitted to the European Parliament's Committee on Economic and Monetary Affairs and the Council.
  • The short-listed candidates in alphabetical order are:

    Based on the shortlist, the Council shall adopt a decision to appoint the Chairperson, after confirmation by the European Parliament.

Podcast episode 1: In conversation with Gabriel Bernardino

Retrieved on: 
Thursday, February 25, 2021
European Insurance and Occupational Pensions Authority, European Union, Insurance regulation, Personal finance, Gabriel Bernardino, Pension, Insurance, Government, Finance, Money, Pan-European Pension

In 2021, EIOPA celebrates 10 years at the heart of insurance and pensions supervision in Europe.

Key Points: 
  • In 2021, EIOPA celebrates 10 years at the heart of insurance and pensions supervision in Europe.
  • In this first episode of The EIOPA Podcast, our host Claire Bose invites Gabriel Bernardino, EIOPAs outgoing Chair, to reflect on the last 10 years, and to share his thoughts on the future.
  • The views expressed are those of the speakers and not necessarily those of the European Insurance and Occupational Pensions Authority.
  • Published on 24 February 2021 and recorded on 12 February 2021.

EIOPA publishes annual report on the use of capital add-ons under Solvency II

Retrieved on: 
Thursday, January 28, 2021
Solvency II, European Insurance and Occupational Pensions Authority, Finance, Financial services, Money, Insurance, Capital requirement, Own risk and solvency assessment, Gabriel Bernardino

The European Insurance and Occupational Pensions Authority (EIOPA) published today its annual Report on the use of capital add-ons during 2019.

Key Points: 
  • The European Insurance and Occupational Pensions Authority (EIOPA) published today its annual Report on the use of capital add-ons during 2019.
  • The objective of the capital add-on measure is ensure that the regulatory capital requirements reflect the risk profile of the undertaking or of the group.
  • During 2019, nine NCAs have set capital add-ons to 19 solo undertakings, out of 2816 (re)insurance undertakings under the scope of the Solvency II Directive in the European Economic Area and the UK.
  • The amount of capital add-ons imposed on undertakings using the standard formula remains very low overall in 2019, accounting for less than 0.5% of the total Solvency Capital Requirement (SCR).

Integrating sustainability into the supervisory framework: Fourth sustainable finance roundtable

Retrieved on: 
Saturday, December 19, 2020
European Insurance and Occupational Pensions Authority, European Union, Insurance regulation, Gabriel Bernardino, Government, Pan-European Pension, Finance, Money

This was one of the key messages that Gabriel Bernardino, Chair of the European Insurance and Occupational Pensions Authority (EIOPA) gave to participants in his opening remarksat the fourth sustainable finance roundtable, organised by on 16 December 2020.

Key Points: 
  • This was one of the key messages that Gabriel Bernardino, Chair of the European Insurance and Occupational Pensions Authority (EIOPA) gave to participants in his opening remarksat the fourth sustainable finance roundtable, organised by on 16 December 2020.
  • The roundtable brought together representatives from civil society, consumer protection, industry, academia and legal and advisory services for discussions covering a number of topics.
  • A particular challenge lies in ensuring proportionate approaches, as evidenced by the complexity and breadth of regulatory initiatives on sustainable finance disclosure requirements.
  • Read the speech

    Go to the event web page

    EIOPAs sustainable finance agenda

    EIOPAs broader sustainability agenda aims to integrate environmental, social and governance (ESG) risk assessment in the regulatory and supervisory framework.

Re-election of EIOPA’s Vice-Chairperson and changes to EIOPA’s Management Board composition

Retrieved on: 
Friday, November 27, 2020
Insurance regulation, European Insurance and Occupational Pensions Authority, European Union, Institute for the Supervision of Insurance, Government agencies, Government, Gabriel Bernardino, Financial law, Financial Market Authority, Chairperson, Network for Greening the Financial System, European System of Financial Supervision

Today, the Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) re-elected Mr Peter Braumller, Managing Director of Insurance and Pension Supervision at Austrian Financial Market Authority (FMA) as Vice-Chairperson of EIOPA.

Key Points: 
  • Today, the Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) re-elected Mr Peter Braumller, Managing Director of Insurance and Pension Supervision at Austrian Financial Market Authority (FMA) as Vice-Chairperson of EIOPA.
  • In addition, Ms Zuzana Silberova, Executive Director of the Financial Market Supervision Department at the Czech National Bank was re-elected as a Member of the Management Board for a second term of office, and Mr Alberto Corinti, member of the Board of Directors at Italian national supervisory authority, Istituto per la Vigilanza sulle Assicurazioni (IVASS) was elected as a member of the Management Board.
  • The Management Board , chaired by EIOPA's Chairperson, Gabriel Bernardino, ensures that EIOPA carries out its mission and performs the tasks assigned to it in accordance with its Regulation.

Introductory statement of Gabriel Bernardino at hearing of the ECON Committee

Retrieved on: 
Tuesday, October 13, 2020
Personal finance, European Insurance and Occupational Pensions Authority, European Union, Insurance regulation, Gabriel Bernardino, Government agencies, Insurance, Pension, Government, Finance, Pan-European Pension

Today Gabriel Bernardino, Chairman of the European Insurance and Occupational Pensions Authority participated in a hearing of the Economic and Monetary Affairs Committee of the European Parliament.

Key Points: 
  • Today Gabriel Bernardino, Chairman of the European Insurance and Occupational Pensions Authority participated in a hearing of the Economic and Monetary Affairs Committee of the European Parliament.
  • In hisintroductory statement, Mr Bernardino touched on the steps taken to mitigate the impact of COVID-19, the broader implications for EIOPA's supervisory work and the role for insurance and pensions in the recovery.
  • Read the statement

EIOPA sets up its key priorities in the light of the pandemic

Retrieved on: 
Thursday, October 1, 2020
Articles, European Insurance and Occupational Pensions Authority, European Union, Insurance regulation, Government agencies, Health, COVID-19 pandemic, Insurance, Pan-European Pension, Gabriel Bernardino

The European Insurance and Occupational Pensions Authority (EIOPA) has set out its priorities for 2021-2023 taking into account the current market situation in the light of the COVID-19 pandemic, as well as the political priorities defined by the European Commission.

Key Points: 
  • The European Insurance and Occupational Pensions Authority (EIOPA) has set out its priorities for 2021-2023 taking into account the current market situation in the light of the COVID-19 pandemic, as well as the political priorities defined by the European Commission.
  • COVID-19 crisis management, risk mitigation and active support to the recovery of the European economy will be the main focus for the future.
  • Consumer protection will remain a key strategic priority in light of increasing risks emerging from the crisis.
  • The priorities are detailed in the Single Programming Document, adopted by the Board of Supervisors on 29 September 2020.

Monthly update of the symmetric adjustment of the equity capital charge for Solvency II – end-July 2020

Retrieved on: 
Wednesday, August 5, 2020
Capital requirement, Solvency II Directive, European Insurance and Occupational Pensions Authority, Government agencies, Business law, Government, Own risk and solvency assessment, Gabriel Bernardino

The European Insurance and Occupational Pensions Authority (EIOPA) has published the technical information on the symmetric adjustment of the equity capital charge for Solvency II with reference to the end of July 2020.

Key Points: 
  • The European Insurance and Occupational Pensions Authority (EIOPA) has published the technical information on the symmetric adjustment of the equity capital charge for Solvency II with reference to the end of July 2020.
  • The symmetric adjustment is regulated mainly in Article 106 of Directive 2009/138/EC (Solvency II Directive); Article 172 of the of the Delegated Regulation of Solvency II as well as in EIOPA's Final report on ITS on the equity index for the symmetric adjustment of the equity capital charge: Read more

EIOPA responds to the European Commission’s consultation on a renewed sustainable finance strategy

Retrieved on: 
Friday, July 17, 2020
Economy of the European Union, European Insurance and Occupational Pensions Authority, European Union, Insurance regulation, European System of Financial Supervision, Government agencies, Government, Forestry, Sustainability, Sustainable forest management, Own risk and solvency assessment, Gabriel Bernardino

The European Insurance and Occupational Pensions Authority (EIOPA) submitted today its response to the consultation of the European Commission on a renewed sustainable finance strategy.

Key Points: 
  • The European Insurance and Occupational Pensions Authority (EIOPA) submitted today its response to the consultation of the European Commission on a renewed sustainable finance strategy.
  • The aim of the European Commissions strategy is to increase private investment in sustainable projects and activities to support the different actions set out in the European Green Deal and to manage and integrate climate and environmental risks into our financial system.
  • EIOPA strongly supports the work that is being undertaken by the European Commission to promote a sustainable financial environment.
  • Together with the other two European supervisory authorities, EIOPA highlights the need for ensuring high-quality and user-friendly sustainability data.