Response to EIOPA consultation on technical advice on the integration of sustainability risks and factors in the Delegated Acts under Solvency II and IDD

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      <subfield code="a">Response to EIOPA consultation on technical advice on the integration of sustainability risks and factors in the Delegated Acts under Solvency II and IDD</subfield>
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      <subfield code="a">The European insurance industry supports the sustainability initiatives aimed at facilitating the transition to a more sustainable economy. The sector is committed to integrate sustainability in its business model and it already does it in a number of ways, eg prevention and adaptation, loss protection/compensation and long-term financing for the economy by increasingly investing in sustainable assets.
EIOPA recognises that the integration of sustainability risks within the IDD requirements is better done through a high-level principle-based approach, and that detailed prescription could result in regulatory errors given that there are still several ongoing legislative proposals in this area</subfield>
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