The European Insurance and Occupational Pensions Authority (EIOPA) is a regulatory body established to oversee the insurance and pension sectors in the European Union. Its main goal is to ensure the stability and integrity of these financial markets, protecting consumers and promoting fair competition among companies. EIOPA works by developing guidelines and standards for insurance and pension providers, conducting risk assessments, and monitoring market trends. It also collaborates with national supervisory authorities to enhance regulatory practices across member states, ensuring a consistent approach to financial supervision within the EU.