EIOPA unveils its new strategy for the years ahead

The European Insurance and Occupational Pensions Authority has published its new strategy for the coming years, setting out its key areas of focus in an era marked by heightened geopolitical tensions, economic fragility, as well as environmental and technological challenges. This complex landscape calls for smart regulation and impactful supervision to deliver tangible benefits for Europe's citizens and businesses. Looking ahead to 2030, EIOPA's top priorities will be to strengthen the single market, improve society's resilience to risks, and enhance regulatory and supervisory effectiveness.

Over the next years, EIOPA will work to strengthen societal resilience in Europe by ensuring the stability and sustainable development of the continent's insurance and occupational pensions sectors at a time when demographic pressures, natural catastrophes, and digital vulnerabilities are becoming more acute. Operating in supervisory unity through the consistent application and effective enforcement of regulatory requirements, EIOPA is seeking to protect consumer rights and foster public trust in the EU's insurance and occupational pensions sectors.

EIOPA has identified three strategic areas to reach these goals:

• strengthening Single Market integration
• enhancing market and societal resilience against risks
• simpler, bolder, faster: better regulation and supervision

Each strategic area is structured around three actionable objectives.

Strengthening the single market includes the promotion of high-quality, convergent supervision across the EU; robust, proportionate and effective supervisory actions; and deepening global engagement to address shared challenges.

The objectives related to greater resilience focus on strengthening risk assessment capabilities, improving both the availability of data on and awareness of critical protection gaps - including in pensions, natural catastrophes, and cyber threats - as well as enhancing cross-sectoral collaboration.

Enhancements to the regulatory and supervisory frameworks will be driven by effective technical advice and regulatory simplification, the leveraging of SupTech and other digital innovations, and the promotion of strong, standardized infrastructures that treat data as a strategic asset.

Petra Hielkema, Chair of EIOPA said: "This multi-year strategy builds on EIOPA's previous plan of action, introducing new nuances and objectives that better align our focus with the evolving realities of today's macroeconomic trends and societal needs. I firmly believe that supervision is not about systems, it is about people, their security, and their future. The strategic objectives outlined in this roadmap will guide our actions and inform our decisions in the years ahead, helping Europe's insurers and pension providers maintain their relevance as they continue to deliver essential services to households and businesses during times of transformation."

Download EIOPA's strategy paper

Check the digital version of the strategy