Actions by EIOPA and BaFin to Mitigate the Impact of the Coronavirus Disease 2019 (COVID-19)

The European Insurance and Occupational Pensions Authority (EIOPA) is an independent advisory body to the European Commission, the European Parliament and the Council of the European Union. Considering the likelihood that insurance and reinsurance undertakings may face increasingly difficult conditions in the immediate future in terms of navigating through challenging market conditions, EIOPA considers that undertakings need to concentrate their efforts on monitoring and assessing the impact of the coronavirus diseases 2019 (COVID-19) situation, as well as ensure business continuity.