Solvency II: an overview

Resource type: Practice note

Status: Maintained

Jurisdiction: European Union

This practice note provides a high-level overview of the regime under the Solvency II Directive (2009/138/EC) (also known as "Solvency 2"). It includes a timeline outlining the key steps in the ongoing EU work on the Solvency II project, as well as a glossary of the main technical terms relating to the Solvency II regime.

The Directive fundamentally reforms capital requirements for insurers and reinsurers. It establishes a more sophisticated, risk-based set of capital requirements across the EU, together with a modernised supervisory system. It is designed to provide better and more uniform levels of consumer protection and promote competition in the insurance market.

PLC Financial Services

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Resource ID: 4-503-8166
Products: PLC EU, PLC UK Financial Services, PLC UK Pensions
This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.

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InsuranceInsurance (http://finance.practicallaw.com/2-103-1132)
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Practice note: overview

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Articles

Pollyanna Deane's insurance column: April 2012 Pollyanna Deane's insurance column: April 2012 (http://publicsector.practicallaw.com/topic6-518-7891)
Pollyanna Deane's insurance column: August 2011 Pollyanna Deane's insurance column: August 2011 (http://publicsector.practicallaw.com/topic0-507-1030)
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Pollyanna Deane's insurance column: December 2011 Pollyanna Deane's insurance column: December 2011 (http://publicsector.practicallaw.com/topic9-514-2330)
Pollyanna Deane's insurance column: December 2012 Pollyanna Deane's insurance column: December 2012 (http://publicsector.practicallaw.com/topic1-523-0123)
Pollyanna Deane's insurance column: February 2012 Pollyanna Deane's insurance column: February 2012 (http://publicsector.practicallaw.com/topic4-517-4804)
Pollyanna Deane's insurance column: February 2013 Pollyanna Deane's insurance column: February 2013 (http://publicsector.practicallaw.com/topic2-524-3083)
Pollyanna Deane's insurance column: June 2012 Pollyanna Deane's insurance column: June 2012 (http://publicsector.practicallaw.com/topic4-519-6783)
Pollyanna Deane's insurance column: October 2011 Pollyanna Deane's insurance column: October 2011 (http://publicsector.practicallaw.com/topic0-508-7489)
Pollyanna Deane's insurance column: October 2012 Pollyanna Deane's insurance column: October 2012 (http://publicsector.practicallaw.com/topic7-521-6218)
Solvency II delay: what does it mean for firms? Solvency II delay: what does it mean for firms? (http://publicsector.practicallaw.com/topic1-513-9708)
Solvency II: FSA's proposals for with-profits business Solvency II: FSA's proposals for with-profits business (http://publicsector.practicallaw.com/topic9-521-0791)
Solvency II: group supervision and equivalence Solvency II: group supervision and equivalence (http://publicsector.practicallaw.com/topic2-516-8917)

Legal update: archive

European Commission communication on crisis management in the financial sector European Commission communication on crisis management in the financial sector (http://publicsector.practicallaw.com/topic5-503-6708)
European Commission white paper on insurance guarantee schemes European Commission white paper on insurance guarantee schemes (http://publicsector.practicallaw.com/topic3-502-7738)

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