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.

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.

Latest Solvency II updates

20 January 2022: We published a letter on the Insurance Stress Test 2022, requesting technical input by Thursday 17 March 2022. 

 
12 January 2022: We published PS1/22 ‘Insurance business transfers’, relevant to PRA-authorised insurers, including the Society of Lloyd’s and its managing agents. It is also relevant to mutuals and friendly societies. The expectations in the SoP take effect on the date of publication of this PS on Wednesday 12 January 2022.

 

Solvency II news and publications

This page was last updated 20 January 2022

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