EIOPA opens consultations in preparation for EU’s insurance recovery and resolution framework

Written by Adam Cadle

29/04/2025

EIOPA has launched six consultations today, all related to the implementation of the EU’s Insurance Recovery and Resolution Directive (IRRD).

The consultations propose draft guidelines and technical standards covering key aspects such as pre-emptive recovery plans, resolution plans and resolvability of insurance undertakings and groups.

The IRRD, which is set to become operational in 2027, introduces a recovery and resolution framework tailor-made for (re)insurers in Europe. The Directive puts the focus on the importance of pre-emptive planning and effective crisis management and aims at maintaining the stability of Europe’s insurance sector while also allowing for the orderly wind-down of failing undertakings and groups.

EIOPA said the IRRD will make insurance failures less likely and limit the impact of failures when they do happen, making the management of insurance failures more effective and cost-efficient.

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