Update: New Technical Standards And Guidelines IRRD – Open For Consultation

On 29 April 2025, the European Insurance and Occupational Pensions Authority (EIOPA) published a first set of consultations related to the implementation of the insurance recovery and resolution directive which entered into force in January 2025 (the IRRD). On 22 July 2025, EIOPA launched the second set of consultations. The consultations propose draft guidelines and regulatory technical standards covering key aspects of the IRRD, as further discussed in this article.

Background IRRD

The IRRD introduces a new harmonisation framework for recovery and resolution planning for the European insurance sector. It focuses on pre-emptive planning and effective crisis management aimed at maintaining the stability of the insurance sector while also allowing for the orderly wind-down of failing insurance undertakings and groups. More information on the IRRD and its implications can be found in our previous blog.