Solvency II

Solvency II sets out regulatory requirements for insurance firms and groups, covering financial resources, governance and accountability, risk assessment and management, supervision, reporting and public disclosure.

Latest Solvency II updates

30 November 2019: Following publication of PS21/19 ‘Responses to CP13/19 Occasional Consultation Paper’, minor updates, corrections and clarifications to National Specific Templates, internal model output (IMO) templates and associated LOG files are now in effect. These are available on the Regulatory reporting – insurance sector page.

20 November 2019: We published a reminder to firms that new requirements, primarily in relation to loss-absorbing capacity of deferred tax (LACDT) calculations, will come into effect on Wednesday 1 January 2020.

For more information, please see ‘The PRA’s statement on the delegated regulation changes published by the European Commission’.

14 November 2019: We published:

Background

Solvency II came into force on 1 January 2016. You can see the full directive, and read more about Solvency II from the European Insurance and Occupational Pensions Authority.

Firms can apply for a Solvency II approval, a waiver or modification of rules, and find out about regulatory reporting under Solvency II.

Please see The National Archives for historic Solvency II information.

Solvency II news and publications

This page was last updated 29 November 2019
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