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In 2024, despite global challenges like AI advancements, elections, geopolitical instability, climate events, and cyber threats, EIOPA focused on safeguarding the public interest in the European financial system. They successfully executed their work program, emphasizing sustainable insurance/pensions, digital transformation, consistent supervision, high-quality advice, and financial stability. EIOPA also initiated regulatory simplification, stressing prudence to maintain a robust framework, and will collaborate with the European Commission to enhance the Savings and Investment Union. Their ongoing commitment is to ensure a robust, resilient, and well-regulated industry for all stakeholders.

Insurance Europe calls on the EU to simplify the Retail Investment Strategy (RIS) to improve consumer access to investment, protection, and advice. Their recommendations include streamlining the "value for money" assessment by allowing supervisors to use benchmarks without requiring peer grouping by insurers and avoiding new reporting. They also advocate for a smoother consumer journey by shortening suitability tests and removing duplicative inducement tests. Finally, they propose reducing information overload by focusing on key disclosures and avoiding overly technical cost details. These simplifications, they argue, will boost investment and EU competitiveness.

Natural disasters drive insurance premium increases in affected areas for three years and cause delayed, smaller rises in unaffected areas. Insurers also adjust rejection rates, particularly in low-income regions. Financial constraints influence cost distribution, raising concerns about equity and affordability as climate risks grow and insurers adapt pricing strategies.