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Home > Prudential Regulation Authority > Implementation of Solvency II

Implementation of Solvency II

This page contains information for members of the UK insurance industry regarding Solvency II which was implemented on 1 January 2016.
The page follows the 'three Pillars' approach to Solvency II, a method which categorises the requirements of the Directive. This convention does not constitute a specific framework for structuring work on Solvency II. Firms should be aware of the interconnectedness of the components of the Pillars and should approach Solvency II comprehensively.


click to read more on Internal models
click to read more about SOG & ORSA
click to read more about Regulatory reporting
click to read more about Standard formula
click to read more about Industry working group
click to read more about other pillar 1 aspects
click to read more about Taxonomy
click to read more on the BEEDS portal

Contact the PRA

For any questions regarding Solvency II, firms should get in touch with their usual supervisory contact. Category 5 firms should continue to direct queries to the PRA’s Firm Enquiries Function at or 020 3461 7000.