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Topics

1. Regulatory Change & Compliance
2. Sustainability
3. Risk Culture & Governance
4. Financial Crime
5. Data

Regulatory Change & Compliance

Focus areas: Consumer Protection (IDD – POG – Value for Money) – RIS – Transparency – Regulatory Outlook

• The Joint Committee of the European Supervisory Authorities published its 2025 Annual Report – setting out the main priorities and achievements of its cross-sectoral work over the past year regarding protecting consumers, implementation of DORA, sustainable finance disclosures and cross-sectorial risk monitoring
• EIOPA released its 2026 April risk dashboard for institutions for occupational retirement provision (IORPs), noting that elevated geopolitical tensions and uncertainty continue to shape the risk landscape for the European IORPs, with market risks being a key concern.
• EIOPA published its April 2026 Insurance Risk Dashboard. The main findings show that risks in the European insurance sector are stable at a medium level
• FSMA gives its opinion on the proposed law amending the law of November 21, 1989, concerning compulsory motor vehicle liability insurance, with a view to the full assimilation of the occasional driver (“BOB driver”) to the permanent policyholder.

Risk Culture & Governance

Focus areas: Business Continuity / Operational Resilience – COVID – Culture - Governance & Risk Management - Outsourcing – Recovery & Resolution - Solvency II

• Decision of the European Central Bank on the remuneration of holdings of excess reserves and of certain deposits – FR – NL
• EIOPA published the technical specifications for small and non-complex undertakings (SNCUs) and groups (SNCGs)
• EIOPA submits draft technical standards on the functioning of resolution colleges and on reporting requirements for resolution plans under IRRD
• EIOPA published today the results of its comparative study on the modelling of market and credit risk in internal models based on year-end 2024 data
• EIOPA launched a public consultation on its proposal to shorten 13 sets of Guidelines under Solvency II to support the objective of simplifying regulation and reducing administrative burdens in the EU.
• EIOPA) today launched a consultation on the treatment of proportional reinsurance treaties with features that may jeopardise the balance (“commensurateness”) between the solvency capital requirement (SCR) relief triggered by the treaty and the effective transfer of risk they provide
• NBB published a new circular regarding the submission of the register of information required by DORA – FR – NL
• NBB published a new circular regarding the reporting of major ICT-related incidents and voluntary notification of significant cyber threats under DORA – FR - NL
• Insurance Europe has responded to EIOPA’s consultation on the assessment of the prudential treatment under Solvency II of adaptation measures, welcoming EIOPA’s work to better reflect adaptation measures in Solvency II and supports further exploration of how these measures could be considered in the regular NatCat SCR reassessment process.

Financial Crime

Focus areas: AML/CFT - Financial Crime – Fraud

• AMLA has launched two public consultations on draft instruments that establish how obliged entities should identify, assess, and manage money laundering and terrorist financing risks

Data

Focus areas: DORA – GDPR – Technology / Data / Innovation (AI) – Information and Communication Technology – Open insurance

Communication Technology – Open insurance

• Enhancing compliance and consistency: EDPB adopts DPIA template

Sustainability

Focus areas: Taxonomy – SFDR – CSRD – CSDDD – Sustainability preferences – Climate Risks – Greenwashing – Stress testing – ORSA – 
Protection Gap - …

• EIOPA and the European Stability Mechanism (ESM) published a discussion paper on natural catastrophe risk management to quantify the benefits of a European risk-sharing mechanism—composed of a natural catastrophe insurance pool and a loan-based backstop.
• NGFS released a new package of materials to support the assessment of nature-related financial risks. The package provides practical tools for central banks and supervisors to integrate nature-related risks into their work to help strengthen the resilience of the financial system.

The Ensur Insurance Regulatory Watch is not intended to serve as legal advice and is provided for informational purposes only. It is not intended to form the basis of any decisions and you should not rely on its content for any purposes whatsoever.