Peter Braumüller, Director for Insurance and Pension Supervision at the Austrian Financial Market Authority (FMA), has today been elected Deputy Chairman of the European Insurance and Occupational Pensions Authority (EIOPA). Braumüller represents and supports the current EIOPA Chairman Gabriel Bernardino in the final stage of preparing the European insurance sector for Solvency II, which will enter into force on 1 January 2016. Pensionskassen (pension companies) will also be facing a challenging year in 2015 with a new quantitative field study and a Europe-wide stress test.
EIOPA, seated in Frankfurt, is the European Supervisory Authority responsible for insurance and occupational pensions matters. The FMA takes an active interest in the European System of Financial Supervision, not least due to European rules and decisions becoming increasingly important for the Austrian financial market.
Peter Braumüller (55) trained as a lawyer and actuarial mathematician and has headed the Insurance and Pension Supervision Department since the FMA was established in 2002. He served as a Member of the EIOPA Management Board from January 2011 to December 2014 and as Chair of the IAIS Executive Committee of the International Association of Insurance Supervisors (IAIS) from 2008 to October 2014.
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