Building a More Effective Financial System: The Regulatory and Supervisory Priorities of EIOPA

In her address to the IIEA, Petra Hielkema, the new Chairperson of the European Insurance and Occupational Pensions Authority (EIOPA), outlines her priorities to build a more effective and equitable financial system during her five-year term. She discusses the European Commission’s proposed review of the Solvency II Directive, as well as EIOPA’s Opinion on the Solvency II Directive, and consider how to ensure better co-ordination of insurance and occupational pensions supervision at EU level. Ms Hielkema also discusses how the insurance and pensions industry can remain resilient in dealing with the economic shock caused by COVID-19, as well as how the industry can embrace the green and digital transitions.  

About the Speaker: 

Petra Hielkema is Chairperson of EIOPA and has led the Authority since September 2021. Prior to this, she was Division Director of Insurance Supervision at DNB, the Dutch Central Bank. Petra joined DNB in February 2007 and in 2013 she became Head of Insurance Policy. In February 2017, she was appointed as Director of Payments and Market Infrastructures and was responsible for the payments and collateral operations of the central bank, oversight, policy and cyber-intelligence. Petra was previously an Alternate Member of the EIOPA Board of Supervisors and was also the Chair of the EIOPA Policy Committee.