The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA), following an open selection process, appointed new members of the Insurance & Reinsurance (IRSG) and Occupational Pensions (OPSG) Stakeholder Groups. Tony O’Riordan, a Fellow of the Society, was one of the appointed candidates.
EIOPA analysed 176 applications of candidates of 23 different nationalities. EIOPA ensured the adequate consumer representation and appropriate gender balance within its stakeholder groups. Furthermore, EIOPA increased the number of independent academics in both groups from five (the required minimum) to six members.
The newly appointed IRSG represents members of 15 different nationalities, where 23% (7 members) stand for consumers and users of (re)insurance services. The new OPSG consists of members of 16 different nationalities, where employees and beneficiaries are represented by 23% (7 members). 26% (8 members) in both groups are females.
11 (IRSG) and 9 (OPSG) members have been re-appointed, preserving core knowledge and intelligence and guaranteeing continuity.
Members of the EIOPA Stakeholder Groups are appointed for 2.5 years with the possibility of one re-election, i.e. in total a maximum of five years' appointment per member.
Gabriel Bernardino, Chairman of EIOPA, said: "I want to extend my sincere thanks to all former Stakeholder Group members for their continuous commitment and highly valuable input to the work of EIOPA during the past years.
I warmly welcome the newly appointed members and I am looking forward to our future discussions and interactions in the same open and transparent spirit as in the past.
Our common goal is to ensure a sound regulation, robust supervision and enhanced consumer protection in Europe!"