EIOPA · 3006

Other

Regulation
Other
Topic
Other
Submitted
2024-02-17
Answered
2024-11-20

Question

Annex I of COMMISSION DELEGATED REGULATION (EU) 2021/2139 of 4 June 2021 defines various insurance services related to climate-related perils. As per the regulation, the following insurance services (other than life insurance) are delineated: (a) Medical expense insurance; (b) Income protection insurance; (c) Workers' compensation insurance; (d) Motor vehicle liability insurance; (e) Other motor insurance; (f) Marine, aviation, and transport insurance; (g) Fire and other damage to property insurance; (h) Assistance. It is noted that credit and surety insurance, independent lines of business as of 2015/35, are not explicitly listed within the aforementioned categories. Therefore, clarification is sought regarding whether credit and surety insurance are considered within the scope of the specified insurance services, particularly concerning climate-related perils, as outlined in Commission Delegated Regulation (EU) 2021/2139.

Answer

This question has been rejected because it does not relate to the consistent and effective application of a legal framework under EIOPA’s mandate.However, please note that there is the Stakeholder Request Mechanism which is a tool that allows stakeholders to include their suggestions for i) changes of criteria of existing activities in the Taxonomy Delegated Acts, or ii) new activities to be added in the Taxonomy Delegated Acts. Additionally, for questions regarding the Taxonomy Delegated Acts or the Taxonomy in general, there is the possibility to submit a citizen request (Write to us | European Union).

This Q&A is published by European Insurance and Occupational Pensions Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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