Insurance EuropeKey messages on the Sustainable Finance Disclosure Regulation (SFDR) review / Insurance Europe. — Brussels : Insurance Europe, 202611 p.Executive summary -- Detailed position -- Insurance-specific considerations -- Product categorisation -- Reclassification and transition periods -- Principal Adverse Impacts (PAI) -- Other key points -- Entity-level disclosure requirements. — Sumario: Insurance Europe presents its position on the European Commission's review of the SFDR. It supports clearer, shorter and consumer-friendly disclosures, revoking ESAs' delegated powers, removing entity-level disclosures, and aligning SFDR with CSRD, ESRS, MiFID and IDD. The paper highlights insurance-specific needs: consistent treatment and optional exclusion methodology for sovereign bonds; workable rules for multi-option products and general-account/guarantee products; proportionate thresholds and recognition of engagement; data gaps and the role of VSME reporting; and clear implementation timelines with transition periods and an EU-level no-action letter. It addresses product categorisation, reclassification risks, PAI disclosure clarity, exclusions aligned with PAB/CTB, and avoiding retroactive application. Dated March 2026, it emphasizes enabling insurers to continue channeling long-term capital to the transition while ensuring meaningful, comparable information for end investors. — Ámbito geográfico: Internacional1. Reglamento SFDR. 2. Unión Europea. 3. Empresas de seguros. 4. Criterios ESG. 5. Productos de inversión basados en seguros. I. Insurance Europe. II. Title.
