The European Insurance and Occupational Pensions Authority (EIOPA) is seeking comments on its draft Solvency II implementation guidelines.

The guides cover areas such as governance, including risk management; assessment of insurers’ risks; and information required by national competent authorities.

They will create “consistent and effective supervisory practices in preparation for the Solvency II implementation”, Chairman Gabriel Bernardino says.

The guides will also “play a fundamental role supporting the good function of the internal market in the insurance sector and ensuring a higher quality of information”.

The consultation is open until June 19. EIOPA intends to publish the final guide later this year.

Solvency II regulations will begin next January 1.