Liane Hirner, member of the Managing Board and CFRO of Vienna Insurance Group (VIG), secured another four-year term on the Insurance and Reinsurance Stakeholder Group (IRSG) of the European Insurance and Occupational Pensions Authority (EIOPA).
She will continue to influence regulatory development.
Hirner is the only Austrian on the 30-member committee, representing the insurance industry in EIOPA’s regulatory decisions and measures.
I am delighted to have been re-elected and will continue to work to ensure that future EU requirements are formulated in a pragmatic and market-oriented manner
Liane Hirner, member of the Managing Board and CFRO of Vienna Insurance Group
EIOPA consults its stakeholder groups on regulatory technical standards, implementation, guidelines, and recommendations, excluding matters concerning individual insurers.
The Insurance and Reinsurance Stakeholder Group (IRSG) of the European Insurance and Occupational Pensions Authority (EIOPA) is a key advisory body.
It consists of industry representatives, consumers, beneficiaries, academics, and small and medium-sized enterprises (SMEs).
Functions of IRSG:
- Advisory Role: The group provides advice to EIOPA on regulatory technical standards, implementation measures, and guidelines. This ensures that regulations are practical and effective.
- Consultation: EIOPA consults the IRSG on various matters related to the insurance and reinsurance sectors, ensuring that diverse perspectives are considered in regulatory processes.
- Representation: The group represents various stakeholders, including insurers, reinsurers, and consumers, balancing industry interests with consumer protection.
The IRSG consists of 30 members who bring expertise from different areas within the insurance and reinsurance sectors.
This diversity helps in creating well-rounded and comprehensive regulatory recommendations.
By advising EIOPA, the IRSG helps shape the regulatory environment in a way that is pragmatic and market-oriented. It ensures that the industry’s voice is heard while maintaining a focus on consumer protection and market stability.
Liane Hirner holds a degree in business administration from the University of Graz. Hirner began her career in 1993 at PwC Austria, where she eventually became a partner in the insurance sector.
She has been actively involved in professional associations such as the IFRS Working Group of the Austrian Insurance Association and the Insurance Working Party of Accountancy Europe in Brussels.
In February 2018, she joined the Managing Board of VIG, assuming the role of CFRO in July 2018. Her areas of responsibility at VIG include asset risk management, digitalization, finance and risk, enterprise risk management, the finance department, and investor relations.
She also oversees country responsibilities for Liechtenstein and serves on the supervisory boards of several companies within and outside the VIG Group, including Autoneum Holding AG in Switzerland and Donau Versicherung in Austria
