Risk ManagementEuropean Union
Solvency II
Directive 2009/138/EC of the European Parliament and Council on the taking-up and pursuit of the business of Insurance and Reinsurance. Establishes a risk-based regulatory framework for EU insurance and reinsurance companies built on three pillars: quantitative requirements (capital, valuation), governance and risk management, and reporting and disclosure.
Domains
Pillar 3: Reporting and Disclosure
Pillar 2: Governance and Risk Management
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Frequently Asked Questions
What is Solvency II?
Directive 2009/138/EC of the European Parliament and Council on the taking-up and pursuit of the business of Insurance and Reinsurance. Establishes a risk-based regulatory framework for EU insurance and reinsurance companies built on three pillars: quantitative requirements (capital, valuation), governance and risk management, and reporting and disclosure.
How many controls does Solvency II have?
Solvency II contains 23 controls organized across 2 domains.
Where does Solvency II apply?
Solvency II is applicable in European Union. Organizations operating in or serving customers in this jurisdiction should evaluate its requirements.
What frameworks does Solvency II map to?
Solvency II has control-to-control mappings with 255 other compliance frameworks in our database. Use our compliance platform to explore these mappings interactively.
How do I get started with Solvency II compliance?
Start by understanding the framework's key controls and domains. Our compliance platform provides AI-powered gap analysis and mapping tools to help you assess your current posture and build a remediation plan.
How ready are you for Solvency II?
Answer 25 questions and get a professional readiness report with gap analysis, maturity scores, and prioritised action items. Results in 5 minutes.