The European Insurance and Occupational Pensions Authority (EIOPA) has appointed the Federation of European Risk Management Associations’ (FERMA) CEO Typhaine Beaupérin to its Insurance and Reinsurance Stakeholder Group (IRSG) for a new term.
Beaupérin joined the stakeholder group in 2018 and will now serve for four years on the group which has been reconstituted.
Her membership of the EIOPA stakeholder group “gives a strong voice for business insurance buyers in the development of European insurance regulation”, according to FERMA.
FERMA has already focused EIOPA’s attention on the importance of proportionality for small insurance entities, including captives. This is continuing during EIOPA’s ongoing review of Solvency II.
FERMA is also contributing to EIOPA’s exploration of possible insurance-based solutions for future pandemic risks. FERMA has shared with EIOPA its proposals for a Catastrophe Risk Resilience Framework.
Other topics on which FERMA comments include cyber insurance, artificial intelligence and sustainability.
Commenting on her appointment, Beaupérin said: “The health of the insurance market for business insurance is of profound importance to our members in the recovery from the current pandemic crisis and the economic upheaval that will follow.”
In addition, in a recent FERMA report, it’s findings showed an increased level of interest in captive insurance.
