EIOPA consults on natural catastrophe risk reassessments in the standard formula

The European Insurance and Occupational Pensions Authority (EIOPA) is launching today a public consultation on reassessing natural catastrophe risks in the standard formula. EIOPA’s review of the parameters aims to better capture the risks stemming from perils such as earthquake, flood, hail and windstorm based on new insights, new data and new models that have come online since the last reassessment in 2018.