Solvency II is the new solvency regime for all EU insurers and reinsurers, which also covers the insurance operation of bancassurers.
Solvency II aims to implement solvency requirements that better reflect the risks companies face and deliver a supervisory system that is consistent across all EU member states. Insurance-related companies in Ireland need to prepare now for this new solvency regime.
The Consultation Paper On the Proposal for Guidelines on Own Risk and Solvency Assessment (CP), was issued by EIOPA on 7 November 2011. It invites comments from interested parties by 20 January 2012.
Read our briefing note on the consultation paper
| Latest Solvency II news - January | |
|---|---|
| 16 January | UK regulator holds firm on 2014 Solvency II start date More |
| 10 January | Deloitte report: Solvency II the volatility challenge More |
| 3 January | Solvency II and IORP directives need to be aligned, according to the CEA, the European insurance and reinsurance federation More |
| 1 January | Solvency II deadline pushed back More |