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Home > Prudential Regulation Authority > Smaller insurers - Solvency II

Smaller insurers - Solvency II

Smaller insurers  |  Solvency II  |  Non-Directive firms  |  FAQs  |  Seminars

Solvency II

Solvency II is a fundamental review of the capital adequacy regime for the European insurance industry. It sets out strengthened EU-wide requirements on capital adequacy and risk management for insurers with the aim of increasing policyholder protection. The strengthened regime should reduce the possibility of consumer loss or market disruption in insurance.

Are you in or out?

In general terms, Solvency II applies to all insurance and reinsurance firms, including those firms in run off, with gross premium income exceeding €5 million or gross technical provisions in excess of €25m. This is not the only criterion which will determine whether a firm falls within or without the scope of the Directive. Firms are encouraged to review the Directive to determine whether it applies in each case. 

Getting ready for Solvency II

The PRA's information and materials for firms affected by the Solvency II regime is available on dedicated pages of the website.


Various tools are available on the EIOPA website, including instructions on how to sign up for updates, Q&As and their latest publications, speeches and press releases.
For the latest publications from Europe visit the European Commission’s website.

Information provided by the Financial Services Authority such as information that will help  you when you come to develop your implementation plans for Solvency II is available on the National Archives website.

Contact us

For all routine supervisory queries firms should contact the Firm Enquiries Function:

Phone:  020 3461 7000