EIOPA Technical Advice Sets Out Minimum Common Standards for EU Insurance Guarantee Schemes
EIOPA has submitted technical advice to the European Commission on minimum common standards for insurance guarantee schemes (IGS) across the EU. The advice recommends targeted harmonisation of IGS scope, operational triggers, payout timelines and funding safeguards, while leaving flexibility for national specificities. This is a preliminary step ahead of a possible legislative proposal under Article 98 of the Insurance Recovery and Resolution Directive (IRRD).
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