Organizations will cooperate on promoting worldwide risk based supervision and fostering consumer protection

FRANKFURT, March 15, 2013 - The European Insurance and Occupational Pensions Authority (EIOPA) and the World Bank have signed an operational Memorandum of Understanding (MoU) to cooperate on developing the insurance sector.

This Memorandum will enable both organizations to collaborate on promoting a riskbased regulatory and supervisory framework in insurance, as well as the identification of systemic risk and the promotion of consumer protection. The agreement also covers cooperation on activities, such as seminars, providing speakers for events as well as the exchange of knowledge, technical papers and best practices.

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