Which European authority is the regulatory body for insurance and pensions across the EU?

• A. European Securities and Markets Authority.
• B. European Central Bank.
• C. European Insurance and Occupational Pensions Authority.
• D. European Commission.

Answer: (C)

The main idea is that there is a dedicated EU regulator for insurance and occupational pensions: the European Insurance and Occupational Pensions Authority, or EIOPA. It coordinates cross‑border supervision, develops common rules and technical standards, and issues guidelines to ensure consistent application of EU insurance and pension rules across member states. This helps protect policyholders and beneficiaries and strengthens the stability of the sector, working with national regulators under the umbrella of the European System of Financial Supervision.

The other bodies have different scopes. The European Securities and Markets Authority focuses on securities and markets. The European Central Bank is the monetary authority that also oversees significant banks. The European Commission sets EU policy and proposes legislation, but it’s not the direct regulatory body for insurance and pensions across the EU.